Page 1 of 1

REX Indicator

PostPosted: Fri Jun 23, 2017 2:39 pm
by Alexander.Gettinger
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 1135 times

Re: REX Indicator

PostPosted: Mon Oct 28, 2019 9:34 am
by durlovjagiroad
mt4 version with custom currencypair option.

Re: REX Indicator

PostPosted: Thu Nov 07, 2019 8:45 am
by Apprentice