Triple Exponential Average
Triple Exponential Average
First the TRIX Row is calculated:
where:
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"Price" can be Close, Open, High,
Low, HL MidPoint, HLC MidPoint or HLCO Midpoint
"length" is the number of chart points used in EMA (Exponential Moving Average) "Log" is a base 10 logarithm "TRIX Raw (-1)" is the previous TRIX Raw |
From "Indicator Properties" you can change the settings for indicator:
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This dialog has two sections: "TRIX" and "Zero Line" from where you can set line thickness, color and style of these components. The "Price" used in the construction of indicator can be: Close, Open, High, Low, HL MidPoint, HLC MidPoint or HLCO MidPoint. From "Length" you can change the number of points that are used in the moving average.
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