Momentumdraws in its own pane

The percent slope of a triple-smoothed EMA. Three rounds of smoothing filter out everything but the trend's actual bend.

On this chart: 15-period, triple-smoothed.

TRIX takes an EMA of an EMA of an EMA of the close, then plots that line's one-bar percent change. Moves too small to survive three rounds of smoothing never register at all — which is the point. What remains is the direction and curvature of the underlying trend.

Above zero, the smoothed trend is rising; below, falling. The zero crossing is the signal, and it arrives late by construction — TRIX trades timeliness for the near-total absence of whipsaw.

Useful as a regime filter rather than a timing tool: the monthly book's 30–45 day horizon has no use for daily jitter, and a TRIX that has held one side of zero for weeks describes a trend that single-day noise has not dented.

Like everything in this guide, these are descriptions of conditions and reference levels — context for your own decisions, not instructions to trade.