This trix uses Wilder's double smoothed EMA. It has floating levels rather than fixed levels for signals. You have the option to choose:
Color changes can be used as signals
Indicators MT5 - Download Instructions
TRIX using Wilder’s double smoothed EMA floating level MT5 Indicator. The essence of this indicator is to transform the accumulated historical data.
TRIX employing Wilder's double smoothed EMA floating level MT5 Indicator allows for the detection of various patterns and peculiarities in price dynamics that are not visible to the naked eye.
This information allows traders to assume additional price movements and adjust their strategies accordingly. Click Here for MT5 Strategies
Step-by-Step RoboForex Trading Account Open Guide