Introduction to the Rex Indicator
Traders often use momentum-based oscillators to identify potential momentum reversals. Echter, most oscillators do not provide a clear basis for traders to identify a reversal.
The Rex Indicator is a tool which provides clear and objective momentum reversal signals using oscillators.
What is the Rex Indicator?
The Rex Indicator is a momentum following technical indicator which presents momentum indications as an oscillator type of indicator.
Deze indicator zet twee lijnen. One line is called the Rex Line, which is the jagged line which mimics the movements of price action. The second line is a Signal Line paired with the Rex Line and has a rather smoother characteristic much like a moving average line.
How the Rex Indicator Works?
The Rex Indicator has a complex algorithm which it uses to plot the Rex Line. It does however have some similarities with how a Relative Strength Index (Rsi) line is plotted, although they are not exactly the same.
The Signal Line however is just a moving average to the Rex Line. The method used for computing the Signal Line can be changed to various moving average types.
How to use the Rex Indicator for MT5
This indicator has just four settings options which traders can tweak to adjust the sensitivity of the indicator.
“Rex period” refers to the number of periods the indicator uses to compute for the Rex Line.
“Rex Method” on the other hand refers to the computation method used by the indicator to plot the Rex Line.
“Signal period” refers to the number of periods used to compute for the Signal Line.
“Signal method” refers to the moving average type used to compute for the Signal Line.
Er zijn verschillende manieren om deze indicator te gebruiken.
Traders can use the Rex Line and Signal Line to identify momentum direction. A Rex Line above the Signal Line would indicate a bullish momentum, while the inverse stacking of the two lines would indicate a bearish momentum. Als zodanig, crossovers between the Rex Line and the Signal Line can also be considered as a momentum reversal signal.
Traders can also use the crossing over of the Rex Line above or below zero as an additional trend or momentum reversal indication.
Since the indicator is also an oscillator, traders can also use this as a basis for identifying divergences.
Trade Setup kopen
Wanneer moet u invoeren?
Een uptrendmarkt identificeren. Wait for price action to pullback significantly. Open a buy order on the confluence of a bullish divergence and the crossing of the Rex Line above the Signal Line. Zet de stop loss bijgaand kaars.
Wanneer moet u afsluiten?
Close the trade as soon as the Rex Line starts to cross below the Signal Line.
Handelsinstellingen verkopen
Wanneer moet u invoeren?
Een downtrendmarkt identificeren. Wait for price action to pullback significantly. Open a sell order on the confluence of a bearish divergence and the crossing of the Rex Line below the Signal Line. Zet de stop loss boven de ingang kaars.
Wanneer moet u afsluiten?
Close the trade as soon as the Rex Line starts to cross above the Signal Line.
Conclusie
The Rex Indicator is a very versatile technical indicator. It is very responsive to price movements thus its jagged features, but this characteristic also makes the indicator susceptible to false momentum reversal signals from time to time. Als zodanig, this indicator should not be used as a standalone trade signal but should be used in confluence with other technical analysis indications.
MT5-indicatoren – Downloadinstructies
Rex Indicator for MT5 is a Metatrader 5 (MT5 MT5) indicator en de essentie van deze technische indicator is het transformeren van de geaccumuleerde geschiedenis gegevens.
Rex Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Op basis van deze informatie, handelaren kunnen verdere prijsbeweging aannemen en hun strategie dienovereenkomstig aanpassen. Klik hier voor MT5 Strategies
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How to install Rex Indicator for MT5.mq5 to your MetaTrader 5 Grafiek?
- Download Rex Indicator for MT5.mq5
- Copy Rex Indicator for MT5.mq5 to your Metatrader 5 Directory / Deskundigen / Indicatoren /
- Start of start uw Metatrader opnieuw 5 Client
- Selecteer Grafiek en tijdsschema waar u uw mt5-indicator wilt testen
- Zoek “Aangepaste indicatoren” in uw Navigator meestal links in uw Metatrader 5 Client
- Right click on Rex Indicator for MT5.mq5
- Aan een grafiek koppelen
- Instellingen wijzigen of op ok drukken
- Indicator Rex Indicator for MT5.mq4 is available on your Chart
How to remove Rex Indicator for MT5.mq5 from your Metatrader 5 Grafiek?
- Selecteer de grafiek waar de indicator wordt uitgevoerd in uw metatrader 5 Client
- Klik met de rechtermuisknop in de grafiek
- “Lijst met indicatoren”
- De indicator selecteren en verwijderen
Rex Indicator voor MT5 (Gratis downloaden)
Klik hieronder om te downloaden:
