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