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Lately there has been a lot of usage of a variety of "TRIX" indicators
Apart from a fact that some of those having that name are not TRIX indicators (Jack Huton's definition is that TRIX is "Triple Exponential Smoothing—operating on the log of price..." - attached the original document where it has been described) I would like to remind one more thing : majority of indicators (at least the "long lasting ones" (TRIX description originates from 1983, for example) - so, not "invented" yesterday) are meant to be used on daily or longer time frame charts.
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Take a look at the document and at the chart. It might be helpful for some traders that are giving their final conclusions about trading after a week or two of "thorough system testings", but I think it might be interesting to people like me too as a reminder that this "game" is mainly a "game" of patience and not a "hit and run" one
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PS: TRIX indicator attached here is calculated exactly as Jack Huton described it except for the *10000 multiplication (it does not distort signals nor slopes, it simply avoids some minor problems of small values in an indicator), so it would make it a kind of the original TRIX indicator
post it other thread - thought nice to have it here to
thanks, Mladen - common use -mom of ema of ema of ema- didn't thought about log (more with lsma, r2... )
attachm:
Linear Mode
