In this article, we are going to show a modified indicator for Metatrader 4 that allows adding the Trix indicator to the price charts on this trading platform. Initially we explain what is the Trix and how it can be used to analyze the market and trade. Later we will show the most common strategies to trade with this technical tool and finally, we include the modified indicator for download, along with its setting parameters.
Before we begin, we want to point out that as with any other technical indicator, the Trix and its signals should not be used alone to make important decisions regarding our trades. It is recommended to use a set of analysis tools (a complete trading system) that provide an overview of what is happening in the markets.