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Trix Ribbon + BB Bands [GM]
The TRIX indicator is a versatile technical analysis tool that combines trend and momentum into one indicator. It is comprised of the rate of change of a triple exponentially smoothed moving average. The key signals generated by TRIX are divergences and signal line crossovers.
I have added an MA ribbon to help identify trend, and Bollinger Bands to more easily identify volatility and ranging markets. The trix will tend to return to the zero line, with the Bollinger Bands Squeezing when the market enters a range.
When there is momentum, the Bands will widen and the Ribbon will fan out.
Happy Trading
I have added an MA ribbon to help identify trend, and Bollinger Bands to more easily identify volatility and ranging markets. The trix will tend to return to the zero line, with the Bollinger Bands Squeezing when the market enters a range.
When there is momentum, the Bands will widen and the Ribbon will fan out.
Happy Trading
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