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Hi,
TRIX calculates a triple exponential moving average of the log of the
price input over the period of time specified by the length input for
the current bar. The current bar's value is subtracted by the
previous bar's value. This prevents cycles that are shorter than
the
period defined by length input from being considered by the indicator.
Two main advantages of TRIX over other trend-following indicators are
its excellent filtration of market noise and its tendency to be a
leading rather than a lagging indicator. It filters out market noise
using the triple exponential average calculation, thus eliminating
minor short-term cycles that indicate a change in market direction.
It has the ability to lead a market because it measures the
difference between each bar's "smoothed" version of the price
information. When interpreted as a leading indicator, TRIX is best
used in conjunction with another market-timing indicator--this
minimizes false indications.
http://www.investopedia.com/articles/technical/02/092402.asp
What is the best indicator to be used in conjunction with TRIX?
For system like:
period=Optimize("period",9,3,13,1);
Buy= Trix(period) > 0;
Sell=Trix(period) < 0;
Thanks,
Gedi
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