Rex

Rex – indicator MetaTrader 5

by
Rex - indicator for MetaTrader 5
TVB (True Value of Bar) gives an idea of how healthy the market is. Rex Oscillator is the moving average of the TVB values. The oscillator Rex line becoming positive on the bearish market indicates the up-reversal. Similarly, the negative value of the line on the bullish market indicates its down-reversal. Moreover, the oscillator Rex … Read more

Rex (extended) – indicator MetaTrader 5

by
Rex (extended) - indicator for MetaTrader 5
Original rex indicator (with an explanation what and how it is done) was posted here : Rex indicator This version is extend with a sort of Donchian channels to detect possible overbought, oversold and ranging zones) Recommendations: you can use it the same way as any other rex indicator you can use the Donchian channels as … Read more