 |
MASTER INDEX
SEARCH
CHARTS
MAIN TOOLBAR
SETTING PREFERENCES
TECHNICAL
INDICATORS
WHAT'S NEW
ALARMS
BACKTESTING
CONFIRMING TRADES
CUSTOM
COLUMNS
CUSTOM
INDICATORS
CUSTOM
INSTRUMENTS
CUSTOM PRICES
DATA FEEDS
DATABASE
DOWNLOADING
DATA
FEED STATUS
HEARTBEAT
HELP
MULTI-LINKING
MULTI-PERIODICITY
INSTRUMENT SETUP
NASDAQ LEVEL II
NEWS TICKER
NEWS BROWSER
OPTIMIZATION
OPTIONS
ANALYTICS
PLACING TRADES
PORTFOLIOS
PRESETS
PRINTING
QUICK
QUOTES
QUOTE PAGES
REALIZATION
RTL LANGUAGE
SCANS
SCHEDULES
SCOPE
SYSTEM STATUS
TICKER
TAPE
TIME AND SALES
TRADING NOTES
USER VARIABLES
VERTICAL SCALE
MASTER INDEX
DICTIONARY
FEEDBACK
Tom DeMark Range Expansion Index (TD REI)
| The Formula . . . |
. . .more on Formulas |
| IF( ( (HI>=LO5 OR
HI>=LO6) AND (LO<=HI5 OR LO<=HI6) ) OR ( (HI2>=CL7 OR HI2>=CL8) AND (LO2<=CL7 OR LO2<=CL8) ) ) THEN VALUE = HI - HI2 + LO - LO2 ABSVALUE = ABS(HI - HI2) + ABS(LO - LO2) ELSE VALUE = ABSVALUE = 0 TD_REI = SUM(VALUE, N) / SUM(ABSVALUE, N) where N is the the TD_REI Period |
|
| The Presentation . . . |
. . . more on Charts |
|
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. |
|
| The Preferences . . . |
. . . more on Preferences |
|
|
|
|
|
| The Description . . . | |
| 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, 1999. 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 -100 to +100 with 45 or higher indicating overbought conditions and -45 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.
See also: |
|
