Advanced TRIX

[woulf1004]

Hi Team,

Is it possible to plot lines on the TRIX indicator provided by TOS that shows divergence based on price action and TRIX momentum?
The current settings I am using for this indicator on a 2000 tick chart are:

Length: 12
Price: VWAP
Signal Length: 9

#
# TD Ameritrade IP Company, Inc. (c) 2007-2024
#

declare lower;

input length = 12;
input colorNormLength = 12;
input price = VWAP;
input signalLength = 9;

def tr = ExpAverage(ExpAverage(ExpAverage(Log(price), length), length), length);

plot TRIX = (tr - tr[1]) * 10000;
plot Signal = ExpAverage(TRIX, signalLength);
plot ZeroLine = 0;

TRIX.DefineColor("Highest", Color.YELLOW);
TRIX.DefineColor("Lowest", Color.LIGHT_RED);
TRIX.AssignNormGradientColor(colorNormLength, TRIX.color("Lowest"), TRIX.color("Highest"));
Signal.setDefaultColor(GetColor(3));
ZeroLine.SetDefaultColor(GetColor(5));

Please see the attached for your reference. I have provided a chart that shows an example for divergence scenarios and the type of plot for divergence needed.

 

[woulf1004]

Any support and update for this request?

 

[halcyonguy]

Hi Team,

Is it possible to plot lines on the TRIX indicator provided by TOS that shows divergence based on price action and TRIX momentum?
The current settings I am using for this indicator on a 2000 tick chart are:

Length: 12
Price: VWAP
Signal Length: 9

#
# TD Ameritrade IP Company, Inc. (c) 2007-2024
#

declare lower;

input length = 12;
input colorNormLength = 12;
input price = VWAP;
input signalLength = 9;

def tr = ExpAverage(ExpAverage(ExpAverage(Log(price), length), length), length);

plot TRIX = (tr - tr[1]) * 10000;
plot Signal = ExpAverage(TRIX, signalLength);
plot ZeroLine = 0;

TRIX.DefineColor("Highest", Color.YELLOW);
TRIX.DefineColor("Lowest", Color.LIGHT_RED);
TRIX.AssignNormGradientColor(colorNormLength, TRIX.color("Lowest"), TRIX.color("Highest"));
Signal.setDefaultColor(GetColor(3));
ZeroLine.SetDefaultColor(GetColor(5));

Please see the attached for your reference. I have provided a chart that shows an example for divergence scenarios and the type of plot for divergence needed.

maybe this will help
https://usethinkscript.com/threads/...of-the-lines-between-peaks-and-valleys.17406/

 

[woulf1004]

I appreciate the reference @halcyonguy. Could you implement it into the Advanced TRIX script to see how it works? I would like to see the divergence lines plot on the indicator and not the chart.