What is the definition of TRIX in technical analysis?

TRIX, or Triple Exponential Average, is primarily known as a triple-smoothed exponential moving average of price movements. This particular method involves applying the exponential moving average three times to the price data, which helps to filter out the noise and create a smoother curve that can better illustrate the underlying trend of the price movements over time. This characteristic makes TRIX valuable for traders who seek to identify the direction of a trend, as it helps to reduce erratic price movements and highlight more significant trends during analysis.

In this context, while other options mention various types of indicators and their purposes in technical analysis, none describe TRIX more accurately than stating it is a triple-smoothed exponential moving average. Thus, that definition aptly captures the essence of what TRIX is and how it can be utilized in trading strategies.