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Developed by Jack Hutson, the TRIX indicator is a triple-smoothed oscillator designed to eliminate cycles shorter than the selected indicator period. TRIX oscillates above and below a zero line like many other oscillators. However, it can also be used as a momentum indicator. When being used as a momentum indicator, positive values suggest that momemtum may be increasing while negative values suggest that momemtum may be decreasing.
Interpretation
Trades can be initiated when the TRIX indicator crosses the zero line. A signal line can also be used to generate trade signals. Divergence between the TRIX and price can also be a method of generating trades.
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