I updated the RedK EVEREX indicator. I converted the Show Bias option code that shows the beige colored dotted trend bias line which is simply a smooth longer (30) period RROF. Show Bias option as false will show RROF as a single period strength indicator and Show Bias as true will show an additional RROF line as a longer double-period strength indicator and you can customize it in terms of period length. So the longer period beige colored dotted trend bias line is showing the bigger trend and the blue RROF line and it's signal red line are showing the faster trend.

I also added a Bias Filter which filters the Bias buffer that shows where the RROF Smooth line is relative to it's Signal Line and to the various levels. You can choose between 3 Bias Filter Types, Filter by Slope, Filter by Zero Level or Filter by Both. The Bias buffer > 0 indicates a buy trade and <0 indicates a sell trade. So you can use the Bias buffer to make icustom calls to the indicator for use with an EA.

I added a Maximum Bars option that limits the number or bars the indicator uses to calculate and show the RROF lines. This is useful for those who want to reduce their computer memory usage. Regardless of whatever number you enter, the minimum number of bars used is 500.

The Show EVEREX option doesn't work because I was still unable to show the stacked histogram bands, where the lower band represents the relative volume and the upper band represents the relative price strength, with clear color coding for easier analysis.

Again if anyone can improve on this indicator even more and show the features that we left out then please go ahead and do so for the benefit of all. Thanks.