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cTrader Forex Rex Oscillator

cTrader Rex Oscillator

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The cTrader Rex Oscillator is a study that estimates market behaviour based on the relationship between the close to the open and high to low prices of the same candle. The theory behind the Rex Oscillator is that a big difference between the high and close on a bar indicates weakness.

Version: 1.0.0 - help?

Type: cTrader Indicator

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The True Value of a Bar (TVB) gives us a hint of how healthy the market is, but it is possible to have a negative close and a positive TVB, and vice versa, so this indicator will show that the market is building strength on the opposing side of the trend. ThecTrader Rex Oscillator is a moving average of the True Value of Bar (TVB) that shows the inertia of the market. When the Rex Oscillator turns positive it will show a bearish trend and a reversal is about to happen and when the Rex Oscillator turns negative in a bull market indicates a reversal to the downside.

cTrader Rex Oscillator Formula

cTrader Forex Rex Oscillator

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 a warning signal.

How to Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

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If you want a speedy reply to your questions just post your questions on our Telegram chat group.

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The True Value of a Bar (TVB) gives us a hint of how healthy the market is, but it is possible to have a negative close and a positive TVB, and vice versa, so this indicator will show that the market is building strength on the opposing side of the trend. ThecTrader Rex Oscillator is a moving average of the True Value of Bar (TVB) that shows the inertia of the market. When the Rex Oscillator turns positive it will show a bearish trend and a reversal is about to happen and when the Rex Oscillator turns negative in a bull market indicates a reversal to the downside.

cTrader Rex Oscillator Formula

cTrader Forex Rex Oscillator

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 a warning signal.

How to Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

Instant Chat Support

If you want a speedy reply to your questions just post your questions on our Telegram chat group.

Send us a message

Risk Disclosure: Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. ClickAlgo Limited is a company registered in England and Wales with company No. 13117395.