Colored Trix with spike detection

Colored TRIX with Spike Detection
This indicator combines multiple TRIX oscillators (periods 5, 7, 10, 14) with advanced spike detection capabilities. Key features:

Dynamic Color Coding: TRIX lines change color based on value (positive/negative) and slope direction, providing instant visual feedback on momentum shifts
Multi-Period Analysis: Four different TRIX periods offer comprehensive momentum analysis across various timeframes
Intelligent Spike Detection: Automatically identifies significant TRIX spikes using percentile-based thresholds and distance measurements from recent highs/lows
Visual Markers: Highlights important levels with yellow dots and reference lines showing lowest, median, and average TRIX values during spike periods
Customizable Parameters: Adjustable spike thresholds, distance percentiles, and color schemes to fit your trading style
Alert System: Built-in alerts for positive and negative spike detection

The indicator helps traders identify momentum changes, oversold/overbought conditions, and potential reversal points through sophisticated spike analysis. Perfect for swing trading and trend following strategies.