The triple exponential average, known more commonly as the TRIX is a momentum indicator that is meant to filter out insignificant and unimportant price movements. Many consider it to be similar to the Moving Average Convergence/Divergence (MACD) indicator. It is by with one key difference. The TRIX indicator provides outputs that are smoother due to triple smoothing of the exponential moving averages used to create the indicator. It is an excellent indicator for identifying overbought and oversold market conditions.