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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Please see the [tid=66608] topic for improved syntax in TC2000 v17+.
Author: Craig Shipman
Press the Play button on the bottom of the video to start.
keywords: TRIX custom indicator exponential moving average percent change rate ROC
- Craig
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Registered User
Joined: 12/31/2004
Posts: 14
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Dear Craig,
Could you please briefly explain how can I interpret the result of your video?
Thank you
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Interpretation of indicators (such as the TRIX in this video) goes beyond what we trainers can cover here in the forums. Let me make two suggestions.
1. Go out to Google and search on TRIX, and I'm sure you'll find several sources that will provide simple explanations of how to interpret the TRIX.
2. Search these forums for information posted here about the TRIX. You may run across some posts by people who are using the TRIX.
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I do not use the indicator. I am little help there. I bet if you started a topic on how to use the TRIX in the Market Talk forum you would get some answers. Sorry!
- Craig
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Registered User
Joined: 4/18/2005
Posts: 4,090
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this may be a silly question but wouldn't it be easeir to just pick a slower moving average of price and track its rate of change? or is there something going on in the math there that i'm not grasping?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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scottnlena,
The trainers can't give setting, interpretation or investment advice. My suggestion would be to set up TRIX as well as your alternative to see how they compare.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/8/2009
Posts: 2
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Craig,
That all sounded great, but as l am brand new to this, please could you explain what just happened? Is this so that you can more accurately forecast the likely move in the market in the next day's trading? Again, forgive my ignorance but what is a TRIX?
Thanks,
Vladimir
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Registered User
Joined: 2/8/2009
Posts: 2
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Craig,
Forget the TRIX question. I will look it up. But the First question would help.
Thanx
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I personally don't use TRIX. Some feel it can provide a better average than just a standard moving average. I don't know if this is the case. A regular simple or exponential average seems enough for me.
- Craig
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