mrtools wrote: Wed Mar 01, 2023 6:30 am Indicators can't open trades.

mrtools wrote: Wed Feb 22, 2023 10:47 am Rex Oscillator Averages with Donchian Channels for reversals

This is MT4 conversion of Mladen's version of the Rex indicator on a Donchian channel with fill, with all the averages I have.

What is the Rex indicator?

The Rex indicator provides insight into probable market reversals based on the true bar value (True Value of Bar). TVB (True Value of Bar) gives an idea of how healthy the market is and the 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 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.

Code: Select all

Calculations:

Rex = MA(TVB, Rex period, Rex method)
Signal = MA(Rex, Signal period, Signal method)
where:

TVB = 3*Close - (Low + Open + High)

Enes Kocoglu wrote: Sat Mar 04, 2023 2:09 am dear masters, is it possible to make this indicator mtf?

thanks a lot

Exequiel Cabrera wrote: Wed Mar 01, 2023 6:02 am Can you get this indicator to open trades at the opening price?

Enes Kocoglu wrote: Sat Mar 04, 2023 2:09 am dear masters, is it possible to make this indicator mtf?

thanks a lot

vvFish wrote: Sat Mar 04, 2023 5:10 am

pfxi wrote: Sat Mar 04, 2023 6:41 am Hi wFish, Would you share how you trade this template?
Thank's

vvFish wrote: Sat Mar 04, 2023 10:57 am

Two buttons are pressed ..... in turn ...