FXCodeBase.COM: Forex Chart Indicators and Development

Posted: **Tue Oct 02, 2012 7:07 am**

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 1631 times

The indicator was revised and updated

MTF MCP Rex Heat Map.lua: (12.05 KiB) Downloaded 684 times

MT4/MQ4 version.
viewtopic.php?f=38&t=61373

Posted: **Fri Oct 19, 2012 9:29 pm**

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

Posted: **Sun Oct 21, 2012 3:36 am**

Your request is added to the development list.

Posted: **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.

Posted: **Thu Oct 23, 2014 10:09 am**

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

Posted: **Thu Jun 29, 2017 6:12 am**

The indicator was revised and updated.

Posted: **Tue Apr 30, 2019 3:43 am**

MTF MCP Rex Heat Map.lua added.

FXCodeBase.COM: Forex Chart Indicators and Development

Rex Indicator

Rex Indicator

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Re: Rex Indicator

Re: Rex Indicator