Description
TRIX is a momentum indicator designed to smooth insignificant variations in price movements. Smoothing effect is obtained by applying Exponential Moving Average three times.
Formula
trixArray[] = (EMA(EMA(EMA(close)))/EMA(EMA(EMA(close[-1])))-1)*100
Interpretation
TRIX triggers a buy signal when the line crosses above zero. When TRIX line moves below zero a sell signal is generated.
inteliCharts Predictive Analytics - Calculating Most Probable Future Stock Prices
- Neural network architecture
- Quantitative processing
- Long term forecasting
- Intraday probability channels