How the Triple Exponential Moving Average Indicator TRIX Is Constructed
Summary
The document introduces TRIX, a technical indicator built by applying an exponential moving average to the closing price three times in succession. It also defines a companion line by taking a simple moving average of the resulting triple-smoothed series. The inputs are closing prices and two lookback parameters: one for the repeated exponential smoothing and one for the moving average applied afterward.
The material explains the calculation structure but does not describe how to interpret TRIX, what trading signals to use, or how parameter choices affect results. It includes no chart interpretation, market examples, performance evidence, or discussion of limitations such as lag introduced by smoothing. The source points to a separate indicator document for meaning, but that explanation is not included here, so the entry supports understanding the formula rather than evaluating a trading method.
Key ideas
- TRIX applies exponential smoothing to the closing price three times in succession.
- A companion line is a simple moving average of the triple-smoothed series.
- The calculation depends on separate smoothing and moving-average lookback parameters.
- The document does not explain signal interpretation or provide trading evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.