- 1. Single-Smoothed EMA = 15-period EMA of the closing price
- 2. Double-Smoothed EMA = 15-period EMA of Single-Smoothed EMA
- 3. Triple-Smoothed EMA = 15-period EMA of Double-Smoothed EMA
- 4. TRIX = 1-period percent change in Triple-Smoothed EMA
The TRIX indicator below shows that it crossed above its signal line which is bullish for CPC but not as much tor the stock market. What it means is that options traders are increasingly buying puts. The correlation between CPC and S&P 500 is mostly negative as you can see on the third indicator.