REX Indicator

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REX Indicator

Postby 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.


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Re: REX Indicator

Postby durlovjagiroad » Mon Oct 28, 2019 9:34 am

mt4 version with custom currencypair option.
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Joined: Sat Jun 22, 2019 9:34 am

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