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Rex Indicator

PostPosted: Tue Oct 02, 2012 7:07 am
by Apprentice
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 1279 times


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

MTF MCP Rex Heat Map.lua
(12.05 KiB) Downloaded 378 times


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

Re: Rex Indicator

PostPosted: Fri Oct 19, 2012 9:29 pm
by DjinTrader
Hi Apprentice ,
Nice indicator. Any chance of getting a cross over alert signal for this indicator? Thanks

Re: Rex Indicator

PostPosted: Sun Oct 21, 2012 3:36 am
by Apprentice
Your request is added to the development list.

Re: Rex Indicator

PostPosted: Sun Oct 21, 2012 4:32 am
by Apprentice
Alert capable Strategy can be found here.
viewtopic.php?f=31&t=24705
Turn off trading functionality, if you only use it for Alerts.

Re: Rex Indicator

PostPosted: Thu Oct 23, 2014 10:09 am
by Alexander.Gettinger
MQL4 version of Rex indicator: viewtopic.php?f=38&t=61373.

Re: Rex Indicator

PostPosted: Thu Jun 29, 2017 6:12 am
by Apprentice
The indicator was revised and updated.

Re: Rex Indicator

PostPosted: Tue Apr 30, 2019 3:43 am
by Apprentice
MTF MCP Rex Heat Map.lua added.