Does anyone here follow TRIX indicator ?? It seems to have turned positive today, after a long time.
For those who dont know about ===xx=== TRIX ===xx====
TRIX is an indicator that combines trend with momentum. The triple smoothed moving average covers the trend, while the 1-period percentage change measures momentum. In this regard, TRIX is similar to MACD and PPO. The standard setting for TRIX is 15 for the triple smoothed EMA and 9 for the signal line. Chartists looking for more sensitivity should try a shorter timeframe (5 versus 15). This will make the indicator more volatile and better suited for centerline crossovers. Chartists looking for less sensitivity should try a longer timeframe (45 versus 15). This will smooth the indicator and make it better suited for signal line crossovers. As with all indicators, TRIX should be used in conjunction with other aspects of technical analysis, such as chart patterns