Googling the internet to figure out how to calculate TRIX says: "To calculate TRIX, you must first pick a period with which to create an exponential moving average of the closing prices. For a 15-day period: 1. Calculate the 15-day exponential moving average of the closing price. 2. Calculate the 15-day exponential moving average of the moving average calculated in step #1. 3. Calculate the 15-day exponential moving average of the moving average calculated in step #2. You now have triple exponentially smoothed the moving average of closing prices, greatly reducing volatility. 4. Finally, calculate the 1-day percent change of the moving average calculated in step #3." What I don"t understand: 1. How can you calculate an exponential moving average with a 15-day period? Do they mean a 15-day EMA (then, a = 2 / (N + 1)? 2. To step 2+3: How can you calculate the 15- day EMA of a single number? You need a time series for that, no? 3. I don't get the idea behind TRIX, what are its characteristics? I really have no clue. So thanks for helping!