Introduction to the Rex Indicator
Traders often use momentum-based oscillators to identify potential momentum reversals. Men, 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.
Denne indikatoren tegner inn to linjer. 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.
There are several ways to use this indicator.
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. som sådan, 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.
Når du skal angi?
Identifiser et trendmarked. 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. Still inn stopptapet under inngangslyset.
Når du skal avslutte?
Close the trade as soon as the Rex Line starts to cross below the Signal Line.
Når du skal angi?
Identifiser et downtrend-marked. 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. Sett stop loss over inngangslyset.
Når du skal avslutte?
Close the trade as soon as the Rex Line starts to cross above the Signal Line.
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. som sådan, this indicator should not be used as a standalone trade signal but should be used in confluence with other technical analysis indications.
MT5 Indikatorer – Last ned instruksjoner
Rex Indicator for MT5 is a Metatrader 5 (MT5(andre)) indikatoren og essensen av denne tekniske indikatoren er å forvandle de akkumulerte historiedataene.
Rex Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Basert på denne informasjonen, handelsmenn kan anta ytterligere prisbevegelse og justere sin strategi tilsvarende. Klikk her for MT5 Strategier
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How to install Rex Indicator for MT5.mq5 to your MetaTrader 5 Diagram?
- Download Rex Indicator for MT5.mq5
- Copy Rex Indicator for MT5.mq5 to your Metatrader 5 Katalogen / Eksperter / Indikatorer /
- Starte eller starte Metatraderen på nytt 5 Klient
- Velg Diagram og tidsramme der du vil teste mt5-indikatoren
- Søk “Egendefinerte indikatorer” i navigatoren som for det meste er igjen i Metatraderen 5 Klient
- Right click on Rex Indicator for MT5.mq5
- Legge ved et diagram
- Endre innstillinger eller trykk ok
- Indicator Rex Indicator for MT5.mq4 is available on your Chart
How to remove Rex Indicator for MT5.mq5 from your Metatrader 5 Diagram?
- Velg diagrammet der indikatoren kjører i Metatraderen 5 Klient
- Høyreklikk inn i diagrammet
- “Indikatorer liste”
- Velg indikatoren og slett
Rex-indikator for MT5 (Gratis nedlasting)
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