NAME

Finance::GeniusTrader::Indicators::TRIX - TRIX-Indicator from Jack Hutson

DESCRIPTION

The TRIX-Indicator was developed by John Hutson. It is a 1-day-ROC of a threefold EMA (A EMA of a EMA of a EMA). It is calculated as:

TRIX = 100 * ( EMA3(t) - EMA3(t-1) ) / EMA3(t-1)

The standard interpretation is that a signal is generated if the TRIX cuts the zero-line. It is a relative stable yet not very effective indicator because it generates the signals very late. You can combine the TRIX with an EMA[9] to generate MACD-like signals.

Parameters

Period (default 5)

The first argument is the period used to calculed the average.

Creation

Finance::GeniusTrader::Indicators::TRIX->new()
Finance::GeniusTrader::Indicators::TRIX->new([20])

Link

http://www.incrediblecharts.com/technical/trix_indicator.htm