Rex Indicator

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Rex Indicator

Postby Apprentice » Tue Oct 02, 2012 7:07 am

Rex.png


True Value of a Bar (TVB) gives us an indication of how healthy the market is.

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.

TVB = 3 * Close – (Low + Open + High)

REX.lua
(3.22 KiB) Downloaded 1007 times


The indicator was revised and updated
EURUSD D1 (04-22-2019 1011).png

MTF MCP Rex Heat Map.lua
(12.05 KiB) Downloaded 204 times


MT4/MQ4 version.
viewtopic.php?f=38&t=61373
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Re: Rex Indicator

Postby DjinTrader » Fri Oct 19, 2012 9:29 pm

Hi Apprentice ,
Nice indicator. Any chance of getting a cross over alert signal for this indicator? Thanks
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Re: Rex Indicator

Postby Apprentice » Sun Oct 21, 2012 3:36 am

Your request is added to the development list.
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Re: Rex Indicator

Postby Apprentice » Sun Oct 21, 2012 4:32 am

Alert capable Strategy can be found here.
viewtopic.php?f=31&t=24705
Turn off trading functionality, if you only use it for Alerts.
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Re: Rex Indicator

Postby Alexander.Gettinger » Thu Oct 23, 2014 10:09 am

MQL4 version of Rex indicator: viewtopic.php?f=38&t=61373.
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Re: Rex Indicator

Postby Apprentice » Thu Jun 29, 2017 6:12 am

The indicator was revised and updated.
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Re: Rex Indicator

Postby Apprentice » Tue Apr 30, 2019 3:43 am

MTF MCP Rex Heat Map.lua added.
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