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TRIX

TRIX is a momentum indicator built from a moving average that has been smoothed three times. After that smoothing, the indicator measures how quickly the result is changing. It moves around a zero line. A positive value means the smoothed trend is rising, while a negative one means it is falling. Some traders also compare TRIX with a signal line to look for changes in momentum. Triple smoothing removes much of the short-term noise, but it also makes the indicator slower to react. TRIX may work well during a clear trend and produce late or misleading signals when prices move sideways.

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