TRIX Candle indicator


TRIX Candle indicator is a powerful VertexFX client-side indicator script that is useful in identifying the direction, strength and the cyclical periods of the market. It is based upon the TRIX (Triple Exponential Average) indicator.
It is made up of two components, namely the bullish TRIX component which is displayed in TEAL color, and the bearish component which is displayed in DARK PINK color.
In the first step, It calculate the TRIX Moving Average of the Open price series, over the recent TRIX_PERIOD bars, which we refer to as TrixOpen. If the value of the current TrixOpenis greater than the previous TrixOpen, it is considered bullish, and the TEAL bullish component value is set to the TrixOpen value.
On the contrary, if the current TrixOpen is lesser the previous TrixOpen, it is considered bearish, and the DARK PINK bearish component value is set to the TrixOpen value. Hence, the bullish TEAL component is always rising, and the bearish DARK PINK component is always falling.
Buy trade can be opened (or a Sell trade exited) when the TRIX candle indicator changes from bearish (DEEP PINK) to bullish (TEAL). 
Sell trade can be opened (or a Buy trade exited) when the TRIX candle indicator changes from bullish (TEAL) to bearish (DEEP PINK).
Configurable Inputs
1. TRIX_PERIOD – The number of bars over which the TRIX Candle indicator is calculated.
To use TRIX Candle indicator  download it from here, then place it at VertexFX VTL directory:
C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
Then right click on the tree and select refresh or restart your client station and you will find under  VTL local scripts in your client terminal.

You can check this video that talks about TRIX Candle indicator:


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