REX Indicator

Here you can post and download custom indicators written in JavaScript.

Moderator: admin

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.

REX_JS.PNG


Download:
REX_JS.jsl
(2.61 KiB) Downloaded 386 times
Alexander.Gettinger
FXCodeBase: Confirmed User
 
Posts: 3785
Joined: Wed Mar 31, 2010 9:40 pm
Location: Russia, Omsk

Re: REX Indicator

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

mt4 version with custom currencypair option.
durlovjagiroad
 
Posts: 16
Joined: Sat Jun 22, 2019 9:34 am



Return to JavaScript Indicators and Strategies

Who is online

Users browsing this forum: No registered users and 5 guests