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.
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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