Rex Oscillator [CC]

The Rex Oscillator measures market behavior based on the relationship of the close to the open, high and low values of the same bar. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close indicates strength. The difference between open and close also indicates market performance. Buy when the indicator is green and sell when it turns red.

Let me know if you would like me to publish other scripts or if you want something custom done!

Catatan Rilis:

allowed user to change signal length

Catatan Rilis:

changed bar color to match indicator

Catatan Rilis:

updated to make it a histogram chart

Catatan Rilis:

fixed issue with default resolution