индикаторы range expansion index / Range expansion index

Индикаторы Range Expansion Index

High[j]-High[j-2] +

Range expansion index

The range expansion index (REI) is a technical indicator used in the technical analysis of financial markets. It is intended to chart the relative strength or weakness of a trading vehicle based on the comparison of the recent price changes and the overall price changes for the period.

The REI can be classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. The REI shows overbought/oversold price conditions by measuring the relation between the sum of "strong" price changes (such that form a trend) and all price changes for the period.

The REI is most typically used on an 8 day timeframe. It changes on a scale from − to +, with the overbought and oversold levels marked at +60 and −60, respectively.

The range expansion index was developed by Thomas DeMark and published in his book, The New Science of Technical Analysis.^[1]

Calculation[edit]

Two sums are calculated for each day. One is the conditional sum of the "strong" price changes:

$S1=\sum _{j=1}^{k}n_{j}m_{j}s_{j}$

where $k$ is the period of calculation (usually, 8), $n_{j}$ is a first condition:

$m_{j}$ is a second condition:

and $s_{j}$ is the price change parameter:

$s_{j}=High[j]-High[j-2]+Low[j]-Low[j-2],\!$

The second sum is calculated as following:

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Range Expansion Index (REI)

Range Expansion Index (MetaTrader indicator) — is a relative oscillator indicator that measures the pace of the price changes and signals overbought/oversold states if the price demonstrates weakness or strength. It was developed by Tom DeMark and explained in his book The New Science of Technical Analysis. The value of the indicator changes from to + The REI is an enhanced oscillator because it tries to remain calm during the range trading and indicates signals only when the significant peaks or bottoms are spotted. You can download this indicator both for MT4 and MT5.

Input parameters

REI_Period (default = 8) — the period of the indicator. Increase the value for less but more precise signals. Decrease it for more but inaccurate signals. It is not recommended to change this parameter.
EnableNativeAlerts (default = false) — if true, MetaTrader's native pop-up alerts will be used when the indicator crosses level 60 from above or level from below.
EnableEmailAlerts (default = false) — if true, MetaTrader's email alerts will be sent when the indicator crosses level 60 from above or level from below. Email should be properly configured in MetaTrader via Tools->Options->Email.
EnablePushAlerts (default = false) — if true, MetaTrader's push notification alerts will be sent to your device when the indicator crosses level 60 from above or level from below. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.
TriggerCandle (default = Previous) — the candle to issue alerts on: Previous — the most recently closed candle or Current — the yet unfinished candle.

Example and strategy

Range Expansion Index Indicator Example MetaTrader Chart

Tom DeMark suggested using the default period of 8. When the price goes above level 60 and the declines below it, the bearish signal is given. When the price goes below level and then rises above it, the bullish signal is given. I find this indicator rather inaccurate (like all oscillators), but on the lower timeframes it can be quite useful.

Discussion

Do you have any suggestions or questions regarding this indicator? You can always discuss Range Expansion Index with the other traders and MetaTrader programmers on the indicators forums.

Changelog

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Added alerts via popup, email, and mobile notifications.

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First release of Range Expansion Index on eunic-brussels.eu

Range Expansion Index (REI)

The range expansion index (REI) is a technical indicator used in the technical analysis of financial markets. It is intended to chart the relative strength or weakness of a trading vehicle based on the comparison of the recent price changes and the overall price changes for the period.

The REI can be classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. The REI shows overbought/oversold price conditions by measuring the relation between the sum of &#;strong&#; price changes (such that form a trend) and all price changes for the period.

The REI is most typically used on an 8 day timeframe. It changes on a scale from − to +, with the overbought and oversold levels marked at +60 and −60, respectively.

The range expansion index was developed by Thomas DeMark and published in his book, The New Science of Technical Analysis.

(source Wikipedia).

 //PRC_RangeExpansionIndex   indicator // //Nicolas @ eunic-brussels.euant; line-height: 16px !important; line-height: 16px !important; -moz-tab-size:4; -o-tab-size:4; -webkit-tab-size:4; tab-size:4;"><div class="crayon-line" id="crayond12f02bfdd"><span class="crayon-c">//PRC_RangeExpansionIndex  <div><h2> DeMark Range Expansion Index </h2><div><div><p></p><div><div><div><div><p>The DeMark Range Expansion Index is a market-timing oscillator described in DeMark on Day Trading Options, by T.R. DeMark and T.R. Demark, Jr., McGraw Hill, The oscillator is arithmetically calculated and is designed to overcome problems with exponentially calculated oscillators, like MACD. The TD REI oscillator typically produces values of to + with 45 or higher indicating overbought conditions and or lower indicating oversold. DeMark advises against trading in extreme overbought or oversold conditions indicated by six or more bars above or below the 45 thresholds. For more information on using TD REI the user is referred to the DeMark text.</p></div><div><p><h3> Presentation</h3></p><div><p><img alt="tdrei" height="" src="eunic-brussels.eu" width=""></p><p>Above is a Daily Chart of an AOL May 70 Call (AOO EN). The bold green line in the lower window pane represents the TD REI line, as specified in the preferences below.</p></div></div><p><strong>Copied</strong> formula to your clipboard. </p><div><p><h3> Formula </h3></p></div></div>Other</div><div><p><img alt="tdreiPrefs" height="" src="eunic-brussels.eu" width=""></p><ul><li><b>Period</b> - Period over which the TD REI values are summed.</li><li><b>Draw 45% Lines</b> - If this check box is checked, reference lines will be drawn at the 45% and % levels.</li><li><b>TD REI Color</b> -Color of the resulting TD REI line.</li></ul></div><div><p><strong>No examples.</strong>Let us know if you'd like to see one added. </p></div></div></div></div></div> <div><div><p><b>Real author:</b></p><p>Earnforex</p><p>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".<br></p><p>The indicator values change from up to + REI is an enhanced oscillator, as it stays neutral during a flat and shows trends only when considerable top or bottom have been reached.</p><p><b>Input parameters:</b></p><ul><li>REI_Period (default value = 8) - indicator period. While its value is increasing, the number of signals is decreasing but they become more accurate. If the value is decreasing, the number of signals rises but they become less accurate. </li></ul><p>Thomas DeMark suggests using the default period equal to 8. It is time to sell when the price crosses level 60 upwards and then goes down and crosses this level downwards. It is time to buy when the price falls below and then goes up past this level.</p><p><img alt="Range Expansion Index indicator" src="eunic-brussels.eu" width="" height=""><br></p></div><p><small>Translated from Russian by MetaQuotes Ltd. <br>Original code: eunic-brussels.eu</small></p></div></p>
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YvesRobert Bonjour Nicolas, concernant cet indicateur j'ai voulu l'utiliser mais il commence à tracer l

Nicolas Je ne rencontre pas ce problème avec le NASDAQ par exemple, ce serait plus simple d'ouvrir u

YvesRobert Bonjour Nicolas, en effet ca marche, je me suis trompé, j'ai bien tout le tracé. C'est parce

Seabiscuit Hi! I like this indicator a lot, been using it on a 30 min timeframe and usually confirms my

Ramahu Bonjour et merci pour cet indicateur ! je l'observe sur les actions du Nasdaq et la plupart

IV Mcm Line 68 and 70, you must delete the instruction at the end of the line "" Bordercolor(0,0,0,

BoutDePain This instruction is for the V11 maybe that you are using V then you can safely remove it.

Protagonist Bonjour, Je vois l'instruction inRange mais je ne trouve pas sa signification. Pouvez-vous

Nicolas La définition des couleurs se situent entre les lignes 94 et Selon le type de bougie (h

Manu Bonjour Nicolas, Est il possible de convertir cet indicateur en screener ? J'essaie depui

Nicolas Bien sûr, merci de formuler la demande dans le forum approprié en respectant les règles de p

Madrosat I Have not see a fully functioning automated strategy on your site?? Really have you???

juanj Hi Madrosat, why would it be on my site? I have developed it for my personal use and also to

Madrosat ok I understood you are using prorealcode to hack the fish

Nicolas Ask on an Excel website?!

JJMR HOLA NICOLAS, TENGO LA ULTIMA VERSION ACTUALIZADA DEL INDICADOR TTM SQUEEZE PRO EN LA VERSIO

imokdesign @nicolas ,if in want to "call" this indicator, which values i have to write down?

Индикаторы Range Expansion Index

Range expansion index

Calculation[edit]

DeMarks Range Expansion Index

This lesson will cover the following

Interpretation[edit]

See also[edit]

References[edit]

Range Expansion Index (REI)

Input parameters

Example and strategy

Discussion

Changelog

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-

Likes

Range Expansion Index (REI)