TRIX Indicatorfor mt4 is also an oscillator indicator that is developed or traditional basses and also called triple exponential moving average indicator because it works on moving average as a scalper but differently was developed by Jack Hutson in 1980s. It also works with developed EA system and help to identify trend breakouts.
TRIX (Triple exponential moving average) for meta trader 4 Indicator
This indicator has filters to identify fake outs. Its basic feature is to identify overbought and oversold levels just like DE Marker indicator and it also does not repaint. It works separately under the charted window just like waves pattern in between positive and negative value moving around zero level. Positive values indicate overbought pressure and negative values indicate oversold pressure.
Features of triple exponential moving average mt4:
- Three moving averages at the same time
- Trix Period: depend no of candles in time frame.
- Trix MA type: Simple, Exponential, Smoothed.
- Show histogram: show diversity in Trix and signals line.
- Style: bars, candles and parameters
- Platform are: Meta Trader 4
- Use charted graph for horizontal presentation of signals.
- Use different colour line (any colour)
- Timeframe: short term few minutes, few hours or intraday trade (M1, M5, H1)
- Work for any pair of currency. (EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, GBP/JPY, EUR/JPY, AUD/JPY, USD/CHF, XAU/USD)
- Signals alerts: sound signal or Pop-up notifications.
Trading signals understanding:
- triple exponential moving average indicator basically workaround zero means both on positive values and negative values.
- If the values are above zero means positive so it is upward trend. These are buying signal.
- If the values are below zero means negative so it is a down ward trend these are sell signals.
- Exit or take profit the trend reverse or start a new trend.
Merits of Triple exponential moving average mt4:
Triple exponential moving average basic abilities are it doesn’t repaint and as best scalper indicator. It also works with developed EA system and help to identify trend breakouts. This indicator has filters to identify fake outs. It come along a lot of setting user can select according to their needs. Developer also provide detail instruction. It offers support and resistance levels according to trend bigger the trend higher the support and resistance level by identifying the divergence in price level. Confirm and valid signals. Triple exponential moving average in built logarithm define potential price.
Demerits of Triple exponential moving average mt4:
Major drawback is it is slow usually signal does not match the market move as the market has moves already delayed signals leads to late trade and a risky trade but it rarely happens. Need to combine with another indicator to eliminate false out and better performance.
Combining it with other indicator will give such amazing result then using it in isolation. It is same as typical indicator but gives you advantage or multiple options. Most traders like its ability to determine market trends. Power full signals that show trends with longer life spam and filter out fake signals.