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rangeexpansionindex.mq5 (7.3 KB) view

rangeexpansionindex_htf.mq5 (7.97 KB) view

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Range Expansion Index (REI) is a relative oscillator with the timeframe selection option available in the input parameters.

The indicator requires RangeExpansionIndex.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

Fig. 1. The RangeExpansionIndex_HTF indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/12531

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RangeExpansionIndex_HTF - indicator for MetaTrader 5