REX Oscillator
The REX Oscillator (Range Expansion Index Oscillator) is a momentum-based technical indicator that measures the strength and direction of price movements. It helps identify overbought and oversold conditions by analyzing price range expansion.
- Values above zero suggest bullish momentum.
- Values below zero indicate bearish momentum.
Traders use it to spot potential trend reversals, entry/exit points, and short-term trading opportunities. It’s especially useful when combined with trend-following tools or support/resistance levels.