TRIX + MA/TRIX combined.

This indicator combine TRIX and MA of TRIX in one. One can choose which type of moving average line (EMA or SMA).

Default values are 12 periods for TRIX and 10 periods for MA/TRIX, which helps better response to price movement.

What is TRIX indicators?
TRIX is a momentum oscillator that displays the percent rate of change of a triple exponentially smoothed moving average. It was developed in the early 1980's by Jack Hutson, an editor for Technical Analysis of Stocks and Commodities magazine. With its triple smoothing, TRIX is designed to filter out insignificant price movements. Chartists can use TRIX to generate signals similar to MACD. A signal line can be applied to look for signal line crossovers. A directional bias can be determined with the absolute level. Bullish and bearish divergences can be used to anticipate reversals.