TRIX - Triple Exponential Average momentum oscillator (MT4)

TRIX measures the percentage rate-of-change of a triple smoothed EMA. It oscillates around zero with a signal line, filtering noise and highlighting momentum shifts, divergence and trend continuation on MetaTrader 4.

What it shows

• Above zero: bullish momentum bias. Below zero: bearish.
• Signal cross: TRIX crosses its signal - timing trigger.
• Slope flips: momentum acceleration or deceleration.
• Divergence: price makes HH or LL while TRIX fails to confirm.

Trade ideas

1. Trend plus cross: trade in the trend direction when TRIX crosses its signal while staying on the confirming side of zero.
2. Breakout validation: require TRIX to remain above zero after upside breakouts and below after downside breakouts.
3. Divergence with structure: add a structure break to confirm TRIX divergence entries.
4. Multi TF: use H1-H4 for bias, time entries on M5-M15 when price and TRIX flip together.

Inputs that matter

• TRIX period and signal period.
• Smoothing method or applied price if available.
• Alerts for zero and signal crosses.
• Visual style for line or histogram.

Suggested usage

• M5-M15: intraday timing and exit control.
• M30-H4: swing continuation and divergence checks.
• Daily+: regime bias and breakout validation.

Installation (MT4)

1. Open MetaTrader 4 - File - Open Data Folder.
2. Copy TRIX Indicator.ex4 to MQL4/Indicators.
3. Restart MT4 or refresh Navigator and attach TRIX.
4. Adjust inputs - OK.

FAQ

Does it repaint? No on closed bars.
TRIX vs MACD? TRIX uses triple EMA ROC so it is faster and more noise filtered.
Use in EAs? Yes, via iCustom.

Disclaimer: Always test on a demo first - risk management matters.