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Colorized TRIX Histogram with Selectable Smoothing Algorithms

Article MQL5 code base
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Summary

This document describes a TRIX indicator presented as a color-coded histogram. Its main feature is the ability to choose the averaging algorithm used in the indicator’s calculations, allowing users to alter how price data is smoothed before the TRIX output is displayed.

The note identifies a supporting smoothing library and points to a separate explanation of its averaging methods. It provides no trading rules, parameter guidance, performance results, or explanation of how histogram colors should be interpreted. As a result, it is useful as a brief description of an indicator implementation, but it does not establish whether the indicator predicts returns or suits any particular market or timeframe.

Key ideas

  • The indicator displays TRIX values as a colored histogram.
  • Users can change the averaging algorithm used for the indicator.
  • The implementation relies on a separate smoothing library.
  • The document gives no performance evidence or trading rules.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.