FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The triple exponential average indicator is an oscillator used to identify oversold and overbought markets, and it can also be used as a momentum indicator . Like many oscillators, TRIX oscillates around a zero line. When it is used as an oscillator, a positive value indicates an overbought market while a negative value indicates an oversold market. When TRIX is used as a momentum indicator , a positive value suggests momentum is increasing while a negative value suggests momentum is decreasing.
The indicator has three major components:

Zero line
TRIX line
Percentage Scale
Investors use TRIX to generate signals that are similar to the Moving AverageConvergence Divergence ( MACD ).
-When used as an oscillator, it shows a potential peak and trough price zones. A positive value tells traders that there is an overbought market while a negative value means an oversold market. When traders use TRIX as a momentum indicator , it filters spikes in the price that are vital to the general dominant trend.
A positive value means momentum is rising while a negative value means that momentum is reducing. A lot of analysts believe that when the TRIX crosses above the zero line it produces a buy signal, and when it closes below the zero line, it produces a sell signal.

Combining TRIX with other technical indicators;
As an indicator based on EMA , the TRIX produces leading signals. It is, therefore, necessary to combine it with other technical indicators. This can help traders choose high probability opportunities when tracking a price.
The best TRIX combinations are: