TRIX-Derived Pivots for Trend Indicator Levels

Summary

This document describes an indicator that calculates pivot levels from the TRIX oscillator rather than from price. TRIX itself remains calculated on the chart’s current timeframe, while a separately selected timeframe sets the boundaries used to calculate pivots. The indicator can display the pivot alone or add up to three levels of support and resistance.

The suggested use is the same as for the standard TRIX indicator, which the document characterizes as a trend indicator. It gives no formulas for the pivot calculation, entry or exit rules, chart examples, or performance evidence. The timeframe distinction and display options are the main implementation details provided, so the text alone is not enough to assess how the levels behave or whether they improve trading decisions.

Key ideas

• The indicator derives pivot levels from TRIX values instead of price data.
• TRIX is calculated on the current chart timeframe.
• A selected timeframe determines the intervals used to calculate pivots.
• The display can include the pivot and up to three support and resistance levels.
• The document gives no testing results or detailed trading rules.

Tags

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