Range Expansion Index™ Parameters

The Range Expansion Indicator will turn from black to white when it moves from an oversold to an overbought zone; it turns blue when it moves back to an oversold zone.

This study draws a graph of range expansion values, which fluctuate between +100 and -100. It would typically be drawn in its own chart subwindow. Optionally, dotted reference lines can be drawn at user-set values, but these lines do not affect the calculation or display of the REI line itself.