TRIX Oscillator

TRIX(Vector, Periods)

Overview
TRIX is a momentum oscillator that shows the rate of change of an exponentially averaged closing price.

Interpretation
The most common usage of the TRIX oscillator is to buy when the oscillator rises and sell when the oscillator falls.

Recommended Parameters
Vector: CLOSE
Periods: 9

Example
set BUY = TRIX(CLOSE, 9) > 0.9
Evaluates to buy when TRIX is in overbought territory.