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TRIX candles - indicator for 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.



Download link :TRIX candles

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