TRIX with Moving Average — Indicator by munkeefonix

trix ema movingaverage

Updated version of the Trix to include crossover on the background.

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

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Want to use this script on a chart?

study("TRIX Moving Average v2", 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")
_filter=input(0.0, type=float, minval=0.0, title="Near Zero Filter")

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)

bgcolor(_trixh[1] >= 0 and _trixh[0] < 0 ? red : _trixh[1] <= 0 and _trixh[0] > 0 ? blue : na)

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")