About the TRIX Candle Indicator
The TRIX Candle indicator for MT5 is a momentum oscillator based on the Triple Exponential Moving Average (TEMA).
By calculating a triple-smoothed EMA, it filters out insignificant market noise and minor price fluctuations that often lead to false signals in standard oscillators.
The indicator appears in a separate sub-window as a sequence of sea-green and magenta candles, representing bullish and bearish momentum respectively.
This tool is designed to identify the beginning of strong trends by measuring the rate of change in price velocity.
Traders use this indicator to confirm trend direction and pinpoint precise entry and exit levels across all currency pairs and timeframes.
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trixcandle.mq5 Indicator (MT5)
Key Features
- Utilizes triple-smoothed exponential moving averages to eliminate market “chatter”.
- Displays momentum shifts through intuitive sea-green and magenta candles.
- Effective for identifying both short-term scalping opportunities and long-term trends.
- Customizable TRIX period settings to match specific trading styles and volatility.
Indicator Chart
The TRIX Candle indicator chart shows a series of vertical candles in a sub-window.
Sea-green candles represent periods where bullish momentum is accelerating, while magenta candles indicate that bearish pressure is dominant.
These color changes serve as the primary triggers for entering or exiting market positions.
Guide to Trade with the TRIX Candle Indicator
Buy Rules
- Monitor the indicator window for the appearance of a sea-green TRIX candle.
- Enter a buy position immediately once the sea-green color is confirmed.
- Ensure the price action is not currently stalled at a major resistance zone.
- Hold the trade as long as the candles remain sea-green to maximize gains.
Sell Rules
- Wait for the TRIX candles to transition from sea-green to magenta.
- Open a sell trade as soon as the first magenta candle is plotted.
- Verify that the downward shift is supported by recent price highs.
- Maintain the short position until the indicator signals a potential reversal.
Stop Loss
- For buy entries, set the stop loss 3 pips below the most recent support level.
- For sell entries, place the stop loss 3 pips above the nearest resistance area.
- Consider trailing the stop loss behind new support/resistance as the trend develops.
Take Profits
- Close the trade when a candle of the opposite color appears on the chart.
- Set a predetermined profit target based on a 1:2 or 1:3 reward ratio.
- Use historical price levels as logical points to secure your earnings.
MT5 TRIX Candle Forex Signal Indicator Scalping Strategy
This strategy combines the TRIX Candle Forex Signal Indicator with the Super Trend HTF Indicator to create a clear and fast scalping approach.
The idea is simple. The TRIX Candle indicator gives precise entry timing through candle color changes, while the Super Trend HTF confirms the broader market direction.
This combination works well because it filters out weak signals. You only trade when short term momentum aligns with the higher timeframe trend.
This reduces noise and improves accuracy, especially on lower timeframes.
The strategy is ideal for traders who prefer quick trades and structured rules.
It performs best on M1, M5, and M15 timeframes, particularly during active market sessions like London and New York.
Buy Entry Rules
- Wait for the Super Trend HTF to show a green line, confirming an upward trend.
- Look for a sea-green TRIX candle to appear, signaling bullish momentum.
- Enter a buy trade at the close of the confirming candle.
- Place the stop loss a few pips below the most recent swing low or below the Super Trend line.
- Take profit when a magenta TRIX candle appears or when the Super Trend shifts direction.
Sell Entry Rules
- Wait for the Super Trend HTF to show a red line, confirming a downward trend.
- Look for a magenta TRIX candle to appear, signaling bearish momentum.
- Enter a sell trade at the close of the confirming candle.
- Place the stop loss a few pips above the most recent swing high or above the Super Trend line.
- Take profit when a sea-green TRIX candle appears or when the Super Trend changes direction.
Case Study 1
During a London session on the M5 timeframe, the Super Trend HTF displayed a steady green line, indicating strong bullish pressure.
Price pulled back slightly before printing a sea-green TRIX candle.
This alignment signaled a high probability entry.
A buy trade was opened at the close of that candle. Price quickly moved upward in small bursts.
The position was closed when a magenta TRIX candle appeared, capturing a quick scalping profit while staying aligned with the rules.
Case Study 2
On the M1 timeframe during New York hours, the Super Trend HTF showed a clear red line. The market was trending downward with minor retracements.
After a brief pullback, a magenta TRIX candle formed.
A sell trade was entered immediately after confirmation. Momentum continued downward in a fast move.
The trade was closed when a sea-green TRIX candle appeared, locking in a short but efficient gain.
This scalping strategy stays effective because it focuses on alignment.
The higher timeframe trend guides direction while the TRIX Candle handles timing.
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trixcandle.mq5 Indicator (MT5)
FAQ
What is the benefit of the triple-smoothing in TRIX?
Triple-smoothing significantly reduces the “lag” found in standard moving averages while simultaneously filtering out random price spikes.
This results in a much cleaner signal that only responds to genuine shifts in market momentum.
Which TRIX period setting is most reliable?
The default period of 14 is balanced for most intraday traders.
However, a shorter period (e.g., 7 or 10) increases sensitivity for scalping, while a longer period (e.g., 21 or 50) is better for identifying major daily trends.
Does this indicator work for Gold and Oil?
Yes, the TRIX Candle indicator is effective on all MT5 assets.
Summary
The TRIX Candle indicator is a highly effective Forex tool that delivers user-friendly buy and sell signals.
Sea-green colored TRIX candles indicate an uptrend, while magenta-colored candles suggest a downtrend.
This straightforward color-coding simplifies technical analysis, allowing traders to focus on execution rather than complex calculations.
Whether used as a standalone signal provider or as a confirmation tool within a broader strategy, it remains a robust choice for any MT5 user.
