JMA-Smoothed TRIX Momentum Oscillator Using Log Prices

Summary

The document explains a variant of TRIX, a momentum oscillator based on the percentage rate of change of a triple-smoothed moving average. Triple smoothing is intended to reduce the influence of small price movements. It notes that the indicator’s original description uses logarithms of price, a detail omitted in some implementations.

This version replaces the usual exponential moving average with the Jurik Moving Average for smoothing. The description claims this makes the indicator smoother while allowing it to respond quickly to market changes. It does not provide calculation parameters, formulas, chart examples, or performance evidence, so the claimed responsiveness and filtering properties cannot be assessed from the text alone.

Key ideas

• TRIX measures the percentage rate of change of a triple-smoothed price series.
• Triple smoothing is intended to filter smaller price fluctuations.
• The described implementation applies logarithms to price, following the original specification.
• It substitutes Jurik Moving Average smoothing for exponential moving averages.
• The document makes no backtest or empirical comparison of the variant.

Tags

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