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).
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.
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: