TransparentTrader wrote: Wed Feb 22, 2023 11:49 am This looks very promising.

We have a possible way to detect tops/bottoms in a non-repainting way, while also being able to enter/exit scalp trades using the MA crossovers on the bottom window (especially when it's a hard color exiting either extreme of the Donchian channel).

I wonder if it would be worthwhile to combine this indicator, the PPO Laguerre, and the latest work on the Chaos/Haos Visual Averages in a way where we get the most accurate possible identification of local/maximum tops and bottoms. We wouldn't need to rely on zigzag indicators anymore!

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)

mrtools wrote: Tue Feb 07, 2023 3:06 pm AFL Winner (2023 re-code)

This oscillator is rewritten from AmiBroker Formula Language (AFL) and think Mladen cleaned the code quite a while back, I just made it to be compatible with the new mt4 and added all the averages. Just for information not all the averages are working with this formula. Also attaching the original AmiBroker code.

It's intended for intraday trading (timeframes below the Daily chart) as a reversal indicator, similar to the display of a Stochastic but using a different formula.

The original code uses a:

• Average type: Linear Weighted Moving Average (LWMA)
• Stochastic period of: 10
• Average period of: 5

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.

Hi Mrtools, Can filters be added please, Thanks many Steam1

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)

Steam1 wrote: Thu Feb 23, 2023 3:24 am

mrtools wrote: Thu Feb 23, 2023 5:48 am Rex Oscillator Averages with Donchian Channels for reversals plus Price Filters

Added filters for price, rex value, and or the signal. Also added a choice of coloring on slope, on signal cross, or on outer levels cross.

fxtrader55 wrote: Sat Feb 25, 2023 3:59 pm could you please make this indicator MTF?

mrtools wrote: Sun Feb 26, 2023 5:47 pm Made it mtf.

mrtools wrote: Tue Sep 27, 2022 4:36 am Trend Scalp with choice of Alerts

Added a choice of alerts on zero cross, level break, and retrace.

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