TRIX

Triple EMA Oscillator

Momentum oscillator showing the percent change in a triple-smoothed EMA; the extra smoothing filters minor fluctuations and cycles below the signal period.

EMA1 = EMA(Close, n); EMA2 = EMA(EMA1, n); EMA3 = EMA(EMA2, n); TRIX = (EMA3 − EMA3_prev) / EMA3_prev × 100