Download MetaTrader 5

Indicators: Range Expansion Index

To add comments, please log in or register
Do you have questions on how to turn your idea into reality? Ask them on the Forum!
Automated-Trading
Admin
99373
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

To add comments, please log in or register