Compact mode

Triple Exponential Average (TRIX)

Known for Filtering Out Market Noise

Table of content

General Information
Characteristics
Facts

Application
Technical Details
Usage
Evaluation
Performance Metrics
Alternatives
FAQ

General Information

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

Momentum

Triple Exponential Average (TRIX) is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

Stocks

The asset classes Triple Exponential Average (TRIX) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Forex

The asset classes Triple Exponential Average (TRIX) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Made In 🌍

The country or origin of the trading indicator

United States

Triple Exponential Average (TRIX) was developed in United States. Indicators developed in the USA, reflecting American trading principles Click to see all.

Characteristics

Lagging or Leading 🏁

Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.

Leading

Triple Exponential Average (TRIX) is a Leading indicator. Indicators that predict future price movements Click to see all.
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

Intermediate

The complexity level of Triple Exponential Average (TRIX) is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

Medium

The popularity of Triple Exponential Average (TRIX) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness Click to see all.

Facts

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

Combines triple smoothing with momentum
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

It's like a smoothie blender for price data

Application

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

Daily

Triple Exponential Average (TRIX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.

Weekly

Triple Exponential Average (TRIX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.

Technical Details

Calculation Method 🧮

The mathematical or analytical approach used to compute the trading indicator's values.

Moving Averages

Triple Exponential Average (TRIX) uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Crossovers

Triple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.

Divergences

Triple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

Period

Triple Exponential Average (TRIX) offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Smoothing

Triple Exponential Average (TRIX) offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.

Usage

For whom 👥

The target audience or user group for the trading indicator

Experienced Traders

Triple Exponential Average (TRIX) is designed for Experienced Traders. Sophisticated tools for seasoned traders to gain deeper market insights Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Identifying Trend Reversals

Triple Exponential Average (TRIX) is primarily used for Identifying Trend Reversals. Indicators for major trend direction changes Click to see all.

Evaluation

Pros 👍

Advantages of using the trading indicator

Reduces Whipsaws

Minimizes false signals in volatile markets, improving trade accuracy Click to see all.

Identifies Major Trends

Highlights significant market movements, helping traders align with dominant trends Click to see all.
Cons 👎

Disadvantages or limitations of the trading indicator

Complex Calculation

Indicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.

Potential Lag In Signals

Performance Metrics

Reliability Score 💯

A score indicating the overall reliability of the trading indicator

7.5

The reliability score of Triple Exponential Average (TRIX) is 7.5 out of 10. Click to see all.
Ease of Use Score 💻

A score representing how user-friendly and intuitive the trading indicator is

6.5

The ease of use score for Triple Exponential Average (TRIX) is 6.5 out of 10. Click to see all.
Versatility Score 🔀

A score indicating the adaptability of the trading indicator across different markets and timeframes

8

The versatility score of Triple Exponential Average (TRIX) is 8 out of 10. Click to see all.
Customization Score 🔧

A score representing the degree of customization available for the trading indicator

7

The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Score ⭐

The overall score of the trading indicator based on various performance metrics

7.25

The overall score of Triple Exponential Average (TRIX) is 7.25 out of 10. Click to see all.

Alternatives to Triple Exponential Average (TRIX)

Elder-Ray Index

Known for Combining Trend And Momentum

🔧 is more customizable than Triple Exponential Average (TRIX)

⭐ is rated higher overall than Triple Exponential Average (TRIX)

Ultimate Oscillator

Known for Multi-Timeframe Analysis

🔀 is more versatile than Triple Exponential Average (TRIX)

Awesome Oscillator (AO)

Known for Simplicity And Effectiveness

💻 is easier to use than Triple Exponential Average (TRIX)

⭐ is rated higher overall than Triple Exponential Average (TRIX)

Volume Oscillator

Known for Volume Divergence

💻 is easier to use than Triple Exponential Average (TRIX)

⭐ is rated higher overall than Triple Exponential Average (TRIX)

Know Sure Thing (KST)

Known for Trend Strength Measurement

🔧 is more customizable than Triple Exponential Average (TRIX)

Fast Stochastic

Known for Rapid Momentum Shifts

Linear Regression Indicator

Known for Predicting Price Trends

Moving Average Convergence Divergence (MACD)

Known for Trend Strength And Direction

💻 is easier to use than Triple Exponential Average (TRIX)

🔀 is more versatile than Triple Exponential Average (TRIX)

⭐ is rated higher overall than Triple Exponential Average (TRIX)

Chande Momentum Oscillator (CMO)

Known for Momentum Measurement

💻 is easier to use than Triple Exponential Average (TRIX)

Relative Vigor Index (RVI)

Known for Trend Confirmation

FAQ about Triple Exponential Average (TRIX)