Letters To S&C by Technical Analysis, Inc.
TRIX: TRIPLE EXPONENTIAL SMOOTHING OSCILLATOR
I am very interested in the indicator
called TRIX, which was first described
and presented by your publisher, Jack
Hutson, in his July/August 1983 article
in STOCKS & COMMODITIES, “Triple
Exponential Smoothing Oscillator:
Good TRIX.” I have a question about its
At the website StockCharts.com,
there is a graph of a TRIX calculation
plotted around what I call a zero baseline
with values above zero of 10%, 20%,
30%, and 40%, and values below zero
of 10%, 20%, and 30%:
My question is simple. How would I
plot my own TRIX indicator values for
various stocks around a zero baseline
by hand? In other words, after doing the
TRIX calculations for a given stock using
a pen, paper, and handheld calculator,
how would I take those values and
graph them around a zero baseline?
What are the necessary calculations (in
layman’s terms, since I am not a mathematician
or computer programmer)?
I have spent a great deal of time
researching this question on the Internet
and am only asking you as a last resort.
Any help will be greatly appreciated.