TRIX  Triple Exponential Smoothing OscillatorAs a momentum indicator, this oscillator is based on smoothed moving averages and their momentum to avoid insignificant daily price movements and to aid timing.Overview
TRIX, developed by John Hutson, displays the percent rateofchange of a
triple exponentially smoothed moving average using an equity's closing
price.
Interpretation
Signals
Similar to the use of the MACD indicator, a 9period moving average of the
TRIX can be used to create a signal line.
