Trix Indicator

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Trix oscillator is an oscillator based on the smoothed triple moving average.
The indicator was developed in the early 1980's by Jack Hutson, an editor for "Technical Analysis of Stocks and Commodities" magazine.

General rule:
Buy when Trix is below zero and crosses its signal line upwards.
Sell when Trix is above zero and crosses its
signal line downwards.
The histogram color change may serve as a preliminary signal that either forecasts the indicator lines crossing, or can be used to work on the price roll-backs.

Original:

https://www.mql5.com/en/code/22115

Image 4595

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Test_v2.54.set
Trix.ex5
Trix.mq5