TRIX MA — Indicator by munkeefonix

trix movingaverage ema

Updated vesion of the script including the crossover in the background can be found here:

Trix with a EMA or SMA.

Length: Length of the Trix
Use Ema: True will use an ema, false will use an SMA.
Moving Average: Moving Average used on the TRIX Value.
Histogram Multiplier: Exaggerate the difference between the TRIX and Moving Average.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

study("TRIX Moving Average", shorttitle="TRIX MA")
//  Trix with a EMA or SMA. 
//
//  @author munkeefonix
//  https://www.tradingview.com/u/munkeefonix/
//
//  inputs:
//  Length: Length of the Trix
//  Use Ema: Use an ema or sma.
//  Moving Average: Moving Average used on the TRIX Value.
//  Histogram Multiplier: Exaggerate  the difference between the TRIX and Moving Average.

_length=input(15, title="TRIX Length", minval=1)
_useEma=input(true, type=bool, title="Use Ema")
_ma=input(9, title="Moving Average", minval=1)
_mult=input(2.0, type=float, minval=1, title="Histogram Multiplier")

tema(a, b)=>ema(ema(ema(a, b), b), b)
trix(a)=>((a-a[1]) / a[1]) * 10000

_trix=trix(tema(close, _length))
_trixs=_useEma ? ema(_trix, _ma) : sma(_trix, _ma)
_trixh=(_trix-_trixs)

hline(0, color=#000000, title="Zero Line")

plot(_trixh * _mult, color=#000000, style=area, transp=80, title="Histogram")
plot(_trix, color=#FFCC00, title="TRIX")
plot(_trixs, color=#CC0000, title="TRIX Moving Average")
plot(cross(_trix, _trixs) ? _trix : na, color=white, style=cross, linewidth=2, title="TRIX Moving Average")