The TRIX MACD Metatrader 4 is a powerful MACD type technical tool that reveals the relationship between two moving averages of a forex pair’s price.
The indicator is able to provide an extra layer of trend confirmation mechanism.
The TRIX MACD is calculated by subtracting the 26-period EMA from the 12-period EMA.
The indicator also adds the Triple Exponential Averages (TRIX) to increase the smoothness of price.
- Just to get a better view of how the market is fairing, more attention should be paid to the lines of the TRIX MACD, which comprises of a slow- and fast-moving averages. The breakout of these lines above or below the 0.00 signal level, triggers a buy/sell alert.
- The indicator has a “Show Signal” mode, where a “Yes” value will display signal arrows that depicts buy/sell market triggers and a “No” value will completely remove all signal arrows from the TRIX MACD indicator sub-window.
- The crossover of the lines of the TRIX MACD indicator can be taken as probable signals for traders to either go long or short on the currency pair of interest.
Feel free to explore the TRIX MACD Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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TRIX MACD Forex Indicator Chart (AUD/CHF M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The TRIX MACD MT4 Indicator
Buy Signal: Go long when the lines of the TRIX MACD Metatrader 4 indicator break above the zero-horizontal signal level.
When the green and red lines of the Relative Vigor Index get printed above the zero-center line, it is a buy signal confirmation.
Sell Signal: Go short when the lines of the TRIX MACD indicator dip below the zero-horizontal signal level.
When the green and red lines of the Relative Vigor Index get printed below the zero-center line, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is running, the faster thinner line of the TRIX MACD indicator pushes below the center level. Else, the green line of the Relative Vigor Index dips below the 0.00 signal level.
Exit sell trade: Close all sell orders if while a bearish trend is on course, the faster thinner line of the TRIX MACD indicator surges above the zero mid signal level. Else, the green line of the Relative Vigor Index breaks above the 0.00 signal level.
Tips: The TRIX MACD MT4 Indicator can be used in three or more different ways when determining trend.
One of such ways is the use of arrows as signals for short term trading.
Traders can also wait for the indicator lines to break above/below the center horizontal line for long-term price signals or the crossover signals can also be adopted.
The TRIX MACD indicator is packed with diverse roles and it can also function as a standalone tool or used in combination with other technical tools.
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More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Momentum
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.