TRIX candles – indicator MetaTrader 5

Theory:

The indicator is using 4 TRiX ( Triple Exponential Moving Averages Oscillator) values : of open, close, high and low to construct candles of this indicator. That produces quite a smooth result (which is not a surprise since the TRix itself is smooth) that seems to be usable in trading.

Usage:

You can use the color change as signals.


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Alternative:   OsMACandleKeltner - indicator MetaTrader 5