The Range Expansion Index (REI) is a useful and popular free Forex indicator for MT4. The indicator works by measuring the amount of price expansion or contraction that has occurred over a specified period of time. The REI is a popular indicator among traders because of its simple and effective approach to identifying market conditions.
- Author fx
- Creation date
More resources from fx
-
MT4 Misus EntryIdentify optimal entry points with clear buy and sell signals -
MT4 Pro4X Pivot LinesSpot key support and resistance with dynamic pivot lines -
MT4 Trend Direction IdentificationClearly identify bullish and bearish trends for smarter trading -
MT4 Waddah Attar TrendIdentify trends and potential reversals with reliable signals -
MT4 Average Change High LowMeasure price volatility and spot potential trend reversals