TRIX: Triple Smoothed Exponential Oscillator

In TTR: Technical Trading Rules

Description

The TRIX indicator calculates the rate of change of a triple exponential moving average. Developed by Jack K. Hutson.

Usage

  TRIX(price, n = 20, nSig = 9, maType, percent = TRUE,
    ...)

Arguments

price	Price series that is coercible to xts or matrix.
n	Number of periods for moving average.
nSig	Number of periods for signal line moving average.
maType	Either: A function or a string naming the function to be called. A list with the first component like (1) above, and additional parameters specified as named components. See Examples.
percent	logical; if TRUE, the rate of change is calculated using the ROC function, otherwise the momentum function is used.
...	Other arguments to be passed to the maType function in case (1) above.

Details

The TRIX is calculated as follows:
3MA = MA( MA( MA(price) ) )
trix = 100 * [ 3MA(t) / 3MA(t-1) - 1 ]

Value

A object of the same class as price or a vector (if try.xts fails) containing the TRIX values.

Note

Buy/sell signals are generated when the TRIX crosses above/below zero. A nine-period EMA of the TRIX is used as a default signal line. Buy/sell signals are generated when the TRIX crosses above/below the signal line and is also above/below zero.

Author(s)

Joshua Ulrich

References

The following site(s) were used to code/document this indicator:
http://www.fmlabs.com/reference/default.htm?url=TRIX.htm
http://www.equis.com/Customer/Resources/TAAZ/?c=3&p=114
http://www.linnsoft.com/tour/techind/trix.htm
http://stockcharts.com/education/IndicatorAnalysis/indic_trix.htm

See Also

See EMA, SMA, etc. for moving average options; and note Warning section.

Examples

data(ttrc)
trix  <- TRIX(ttrc[,"Close"])
trix4 <- TRIX(ttrc[,"Close"],
maType=list(list(SMA), list(EMA, wilder=TRUE), list(SMA), list(DEMA)))

Example output

TTR documentation built on April 15, 2017, 8:31 a.m.