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    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.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0.0
    Updated: Wednesday, 14 April 2021
    Author: ClickAlgo Team

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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. The cTrader 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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