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Using a Higher-Timeframe Range Expansion Index

Article MQL5 code base
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Summary

The document introduces a higher-timeframe version of the Range Expansion Index (REI), describing it as a relative oscillator with a selectable timeframe. It indicates that the timeframe is chosen through the indicator’s input parameters, allowing the REI to be viewed on a timeframe different from the chart’s current one.

The note is brief and provides no formula, trading rules, examples, performance evidence, or discussion of how to interpret signals. It also states that the higher-timeframe indicator depends on a separate RangeExpansionIndex indicator file being installed. Treat this as a description of an indicator’s configuration and dependency, not as evidence that it produces profitable signals.

Key ideas

  • The indicator presents the Range Expansion Index as a relative oscillator.
  • Its input parameters allow selection of the timeframe used for the indicator.
  • The higher-timeframe version requires a separate Range Expansion Index indicator file.
  • The document provides no signal rules or evidence about trading performance.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.