This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
Tom Demark, in his book 'Day Trading Options', has developed a market-timing indicator (oscillator), called TD Range Expansion Index (REI), which identifies areas that are risky for buying and selling. A weakness in the security or market price could occur if the value of the TD Range Expansion Index is higher than a defined threshold. Above this value, the indicator prevents investors from buying and selling the stock or the security prematurely.
The TD Range Expansion Index is calculated using the close, low and high prices. It produces an oscillator whose values vary from -100 to +100. When the TD Range Expansion Index falls below -45, which is an oversold area, then rises above -45, this tell us that price is becoming stronger. But, when the TD Range Expansion Index rises above +45, which is an overbought area, and then falls below +45, this tell us that the price is weak or is becoming weaker and in that case, as I said earlier, investors should avoid buying (when the price is advancing), and selling (when the price is declining).
The function is named 'TDREI' and it has no parameters. The TD Range Expansion Index formula is optimized for backtesting and analysis uses. The indicator formula uses 12 backward bars and no forward bars.
>>>> More trading objects? click here to search for trading sytems, downloaders, screens, custom drawing tools, indicators... by country, market or style.
