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Stocks & Commodities V. 25:13 (10-15): Letters To S&C by Technical Analysis, Inc.
Stocks & Commodities V. 25:13 (10-15): Letters To S&C by Technical Analysis, Inc.
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Letters To S&C by Technical Analysis, Inc.
TRIX: TRIPLE EXPONENTIAL SMOOTHING OSCILLATOR
Editor,
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 calculation. 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%:
http://stockcharts.com/school/doku. php?id=chart_school:technical_indicators:trix
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 laymans 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.
MARK MCGEE
TRIX: TRIPLE EXPONENTIAL SMOOTHING OSCILLATOR
Editor,
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 calculation. 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%:
http://stockcharts.com/school/doku. php?id=chart_school:technical_indicators:trix
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 laymans 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.
MARK MCGEE
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