Adaptation of REX indicator, works as a good exit indicator
How to use this oscillator
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 and Signal lines can be used as warning signal.
The indicator has four configured parameters:
Rex period - oscillator line calculation period
Rex method - oscillator line calculation method
Signal period - signal line calculation period
Signal method - signal line calculations method
How to use this oscillator
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 and Signal lines can be used as warning signal.
The indicator has four configured parameters:
Rex period - oscillator line calculation period
Rex method - oscillator line calculation method
Signal period - signal line calculation period
Signal method - signal line calculations method
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.