Triple Exponential AverageOil Analysis and TRIX Trading Signals

Developed by Jack Hutson

TRIX is a triple smoothed oscillator that's designed to eliminate spikes that cause whipsaws in the calculations, these spikes or market cycles which are shorter than the selected indicator period used to calculate and draw are ignored.

Triple Exponential Average is an oscillator that oscillates above and below a center line mark. The center line level is used to determine bullish and bearish trends. TRIX will measure the momentum of an up trend or a down trend. Above the center line shows bullish trends and below center line shows bearish trends

Oil Analysis and How to Generate Signals

Bullish Buy Signal

A buy oil signal can be generated using two methods:

• The first one is the center line cross-over signal where values above the line are bullish.

• The second one is used to generate a signal when the signal line crosses above the TRIX line.

Bullish Buy Signal

Bearish Sell Signal

A sell oil signal can be generated using two methods:

• The first one is the center line cross-over signal where values below the line are bearish.

• The second one is used to generate a signal when the signal line crosses below TRIX line.

Bearish Sell Signal

Divergence Oil

Divergence can be used to generate signals. traders can look for divergence between price & the indicator & decide which direction to trade.

Divergence Crude Oil