TRIX Trend Cycle Metatrader 4 Forex Indicator

The TRIX Trend Cycle Metatrader 4 forex indicator is a popular trading oscillator used by many currency traders.

TRIX oscillates between 0 and 105 readings in a separate MT4 trading window.

Indicator reading 0 is said to be oversold while reading 105 is said to be overbought.

In order to achieve good trading results with TRIX, you need to use it together with a trend following indicator such as a simple moving average or exponential moving average.

Always trade in the direction of the underlying trend as indicated by the trend following indicator.

Price action above the trend following indicator? Only trade TRIX oversold signals found at the 0 level.

Price action below the trend following indicator? Only trade TRIX overbought signals found at the 105 level.

The default period for the TrixPeriod is set to 4 but you can change it directly from the indicator’s inputs tab. Tweak this setting to fully fit your needs.

TRIX can be used for scalping, day trading and swing trading.

Free Download

Download the trix-trend-cycle.ex4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the TRIX Trend Cycle forex indicator in action.

Basic Trading Signals

Signals from the TRIX Trend Cycle MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Open long trade position when the TRIX Trend Cycle indicator first reaches the 0 level and then draws a green line.

Sell Signal: Open short trade position when the TRIX Trend Cycle indicator first reaches the 105 level and then draws a red line.

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Download

Download the trix-trend-cycle.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (TrixPeriod) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Oscillator

Installation

Copy and paste the trix-trend-cycle.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Share Now!