Bobbydigital83
Member
How to make the TRIX MTF?
Ruby:
declare lower;
input length = 7;
input colorNormLength = 14;
input price = close;
input signalLength = 3;
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);
Signal.SetDefaultColor(GetColor(3));
ZeroLine.SetDefaultColor(GetColor(5));
trix.assignValueColor(if trix > signal then color.green else color.red);
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