If you’re diving into the world of trading with MetaTrader 5, you may have come across the Rex Indicator. The original Rex indicator, complete with a detailed explanation of its functionality, is available here.
This updated version incorporates Donchian channels, which can help you identify potential overbought (OB), oversold (OS), and ranging zones in the market.
- Feel free to use this indicator just like any other Rex indicator you’re familiar with.
- Utilize the Donchian channels to pinpoint possible overbought, oversold, and ranging zones effectively.
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