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Indicators: Range Expansion Index

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Automated-Trading 2011.11.03 11:39 

Range Expansion Index:

Range Expansion Index (REI) is an oscillator that measures price changing rate and signals about overbought/oversold areas, in case a price shows weakness or strength. It was developed by Thomas DeMark and described in his book "The New Science of Technical Analysis".

The indicator values change from -100 up to +100. REI is an enhanced oscillator, as it stays neutral during a flat and shows trends only when considerable top or bottom have been reached.

Author: Nikolay Kositsin

Range Expansion Index indicator

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