this indicator is really good for spotting div on smaller time frames
inputs:
SigLineXMALen1( 3) ,
TRIXLength( 3.75) ,
SigLineXMALen2( 4.5) ;
variables:
EMA1( 0 ),
EMA2( 0 ),
EMA3( 0 ),
TRIXLine( 0 ),
SignalLine1( 0 ),
SignalLine2( 0 ) ;
EMA1 = XAverage( Close, TRIXLength ) ;
EMA2 = XAverage( EMA1, TRIXLength ) ;
EMA3 = XAverage( EMA2, TRIXLength ) ;
if EMA3[1] <> 0 then
{ Ensure not about to divide by zero }
TRIXLine = 10 * ( EMA3 - EMA3[1] ) / EMA3[1] ;
SignalLine1 = XAverage( TRIXLine, SigLineXMALen1 ) ;
SignalLine2 = XAverage( TRIXLine, SigLineXMALen2 ) ;
Plot1( TRIXLine, "TRIXLine1" ) ;
Plot2( SignalLine1, "SignalLine1" ) ;
Plot3( SignalLine2, "SignalLine2" ) ;
any help is appreciated
thanks
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