TRIX MA
Updated vesion of the script including the crossover in the background can be found here:
Trix with a EMA or SMA.
Length: Length of the Trix
Use Ema: True will use an ema, false will use an SMA.
Moving Average: Moving Average used on the TRIX Value.
Histogram Multiplier: Exaggerate the difference between the TRIX and Moving Average.
Trix with a EMA or SMA.
Length: Length of the Trix
Use Ema: True will use an ema, false will use an SMA.
Moving Average: Moving Average used on the TRIX Value.
Histogram Multiplier: Exaggerate the difference between the TRIX and Moving Average.
study("TRIX Moving Average", shorttitle="TRIX MA")
// Trix with a EMA or SMA.
//
// @author munkeefonix
// https://www.tradingview.com/u/munkeefonix/
//
// inputs:
// Length: Length of the Trix
// Use Ema: Use an ema or sma.
// Moving Average: Moving Average used on the TRIX Value.
// Histogram Multiplier: Exaggerate the difference between the TRIX and Moving Average.
_length=input(15, title="TRIX Length", minval=1)
_useEma=input(true, type=bool, title="Use Ema")
_ma=input(9, title="Moving Average", minval=1)
_mult=input(2.0, type=float, minval=1, title="Histogram Multiplier")
tema(a, b)=>ema(ema(ema(a, b), b), b)
trix(a)=>((a-a[1]) / a[1]) * 10000
_trix=trix(tema(close, _length))
_trixs=_useEma ? ema(_trix, _ma) : sma(_trix, _ma)
_trixh=(_trix-_trixs)
hline(0, color=#000000, title="Zero Line")
plot(_trixh * _mult, color=#000000, style=area, transp=80, title="Histogram")
plot(_trix, color=#FFCC00, title="TRIX")
plot(_trixs, color=#CC0000, title="TRIX Moving Average")
plot(cross(_trix, _trixs) ? _trix : na, color=white, style=cross, linewidth=2, title="TRIX Moving Average")