RangeExpansionIndex_HTF - MetaTrader 5 Script - MT4/MT5 Resource
The Range Extension Index (REI) is a relative oscillator with a time range selection option in its input parameters.
This indicator requires the RangeExpansionIndex.mq5 indicator file. Place it in <terminal data folder>\MQL5\Indicators.
Figure 1. RangeExpansionIndex_HTF indicator
Attachment download
📎rangeexpansionindex.mq5 (7.3 KB)
📎 rangeexpansionindex_htf.mq5 (7.97 KB)
Source: MQL5 #12531
RangeExpansionIndex_HTF - MetaTrader 5 script usage and filtering suggestions
RangeExpansionIndex_HTF - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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