TRIX
The one-bar percentage change of a triple-smoothed exponential average.
Formula
TRIX = 100 × (EMA³ ÷ EMA³ one bar ago − 1), EMA³ = EMA(EMA(EMA(Price)))
How to read it
Above zero is rising momentum; the triple smoothing filters out most noise.
How to use it
Filters noise to show the momentum of the underlying trend; a cross of zero marks a turn.
In Kereon
Charts · Superchart. Default 18; zero line drawn.
Also called: triple exponential.