Rex Oscillator

Category: momentum

The Rex Oscillator measures the relationship between the closing price and the average of the open, high, and low, smoothed by Moving Averages to identify momentum shifts.

Formula

TVB = 3 * Close - (Open + High + Low), Rex = MA(TVB, Period), Signal = MA(Rex, SignalPeriod)

Inputs

• InpPeriod (default: 14)
• InpMethod (default: MODE_SMA)
• InpPeriodSig (default: 14)
• InpMethodSig (default: MODE_SMA)

See signal primitives and every published strategy that uses Rex Oscillator on WOBR StrategyVerse.