THV Trix Indicator V 6.10

THV Trix Indicator measures the speed of the price movement and gives an indication of trend continuation and reversal areas. It is a complete trading system that is based on divergence and hidden divergence. This System is useful in trend trading as well as reversal trading.

THV Trix Indicator Overview

A divergence occurs when an indicator underperforms the price i.e. price makes a higher high and the indicator fails to make a higher high or when the price makes a lower low and the indicator fails to make a lower low.

This is a signal for price reversal which is indicated by divergence in price and THV Trix. A hidden divergence occurs when the indicator overperforms the price i.e. price makes a higher low but the indicator makes a lower low Or when price makes a lower high and indicator makes a higher high.

THV Trix Indicator Explanation

Simple divergence is a market with thick trend lines whereas hidden divergence is market with the dotted trend line on price and THV indicator.

All the Blue trend lines are an indication of bullish signals which are followed by the up arrow on the THV Trix indicator & all the red trend lines are an indication of bearish signals which is followed by a red arrow on the THV Trix indicator.

For taking long entry traders should carefully watch the breakout of the high of the candle which appears on the bullish simple divergence or bullish hidden divergence.

For taking short entry traders should carefully watch the breakdown of the low of the candle which appears on the bearish simple divergence or bearish hidden divergence.

THV Trix v6.10 is used fully in all time frames and hence it can be used for scalping, day trading & swing trading. Along with the forex market, this trading system also works in commodity & stock markets.

Trade with: RoboForex Broker

THV Trix: Buy condition

Divergence

• Price should be in a downtrend and form a lower low structure.
• THV Trix should make a higher low.
• The trader should take long entry on the breakout of the candle touching the bullish trend line.

Hidden Divergence

• Price should be in an uptrend trend and form a higher low structure.
• THV Trix should make a lower low.
• A trader should take long entry on the breakout of the candle touching the bullish trend line.

THV Trix: Sell condition

Divergence

• Price should be in an uptrend and form a higher high structure
• THV Trix should make a lower high.
• A trader should take short entry on the breakdown of the candle touching the bearish trend line.

Hidden Divergence

• Price should be in down trend and form lower high structure.
• THV trix should make higher high.
• Trader should take short entry on the breakdown of the candle touching the bearish trend line.