Triple Exponential Average - TRIX
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Definition of 'Triple Exponential Average - TRIX'
A momentum indicator used by technical traders that shows the percentage change in a triple exponentially smoothed moving average. When Triple Exponential Average (TRIX) is applied to triple smoothing of moving averages, it is designed to filter out price movements that are considered insignificant or unimportant. TRIX is also implemented by technical traders to produce signals that are similar in nature to the Moving Average Convergence Divergence (MACD).
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Investopedia explains 'Triple Exponential Average - TRIX'
Developed by Jack Hutson in the early 1980s, TRIX has become a popular technical analysis tool to aid chartists in spotting diversions and directional cues in stock trading patterns. Although many consider TRIX to be very similar to MACD, the primary difference between the two is that TRIX outputs are smoother due to the triple smoothing of the exponential moving average (EMA).
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Directory (Technical Indicators)
Search results for 'Triple Exponential Average (TRIX)'
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http://www.investopedia.com/articles/technical/02/092402.asp
... The triple exponential average (TRIX) indicator is an oscillator used to identify oversold and overbought markets, and it can also be used as a momentum ...
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http://www.investopedia.com/articles/trading/10/double-exponential-moving-average.asp
... Technical analysis tools such as Bollinger bands, moving average convergence/divergence (MACD) and triple exponential moving average (TRIX) are based on moving ...
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http://www.investopedia.com/university/how-to-use-stockcharts-financial-software/indicators.asp
... (For related reading, see Advantages of TRIX- Triple Exponential Average.); Ultimate Oscillator - The Ultimate Oscillator is a technical indicator that uses the ...
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