fxcodebase-backup
REX Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=64826
Forum: 48 · Topic 64826 · 3 post(s)
REX Indicator
Alexander.Gettinger · Fri Jun 23, 2017 2:39 pm
True Value of a Bar (TVB) gives us an indication of how healthy the market is.
TVB = 3 * Close – (Low + Open + High)
Rex Oscillator is a moving average of the TVB, indicating the inertia of the market. When the Rex Oscillator turns positive in a bearish trend, a reversal is indicated. Likewise, Rex turning negative in a bull market indicates a reversal to the downside.
Download:
Re: REX Indicator
durlovjagiroad · Mon Oct 28, 2019 9:34 am
mt4 version with custom currencypair option.
Re: REX Indicator
Apprentice · Thu Nov 07, 2019 8:45 am
MT4/MQ4 version. viewtopic.php?f=38&t=61373