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TalatAbi
19 Eyl 2018 13:20

REX Oscillator 

Bitcoin / DollarBitfinex

Açıklama

It's necessary to observe the value of indicator if its above zero or not. If Value is above zero, movement is up and below zero means direction is down.
While the crosses happen in zero line, support of other indicators helps to decide chose the invest position..
I think, the indicator shows good signals 4 hours or upper time frames in Cryptocurrency markets.
And its useful for fx markets.
I must tell an important thing. Reversals should be confirmed with other indicators or price actions.
Yorumlar
bandy99
Requesting - to share the source code as it may not be possible to do a backtest using the indicator.

Thanking you in advance
TalatAbi
@bandy99,

//@version=2

study(title="REX Oscillator",overlay=false, shorttitle="REX")

len = input(21, "REX Length")

TVB = (3*close) - (low+open+high)
REX = sma(TVB,len)

plot(REX, color = blue, style=area,linewidth = 1,transp=70, title = "REX")
plot(0, color = black, linewidth = 1, title = "REX")
tepelithebird
Thank you ! teşekkürler.
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