MATHR3E REI

MATHR3E REI is an indicator based on TD Range Expansion Index developed by Thomas Demark .
This indicator is also combined with TD POQ from the same author.

TD REI is an oscillator that was created to link the price of a given day to that of two previous days.
It helps to identify prospective reversals relative to overbought and oversold zones:
- When the TD REI is above 40 for fewer than six price bars, and then falls back, that’s a sign of weakness
- When the TD REI is below -40 for fewer than six price bars, and then recovers, that’s a sign of strength.

TD POQ is a means of filtering the signals generated by the TD REI .


MATHR3E REI is a Fully Customizable dual REI indicator


Note:
This is a private indicator:
Access is granted to anyone who supports my work.
For more details, please check my profile or signature section below


Available Programmable alerts
- POQ Long // Buy signal
- POQ Short // Sell signal
- POQ X // Any POQ Signal


Inputs parameters:
- REI Method = (Standard/Alternate)
- POQ Method = (MATHR3E/ DEMARK )
- REI Display = (Dual/Merge)
- REI Smoothing = (None/ SMA / EMA / WMA /RMA)
- Smoothing Length (if REI Smoothing selected)
- REI Duration Analysis (defval=6, minval=1, maxval=20)
- REI High Source (defval="High")
- REI High Lookback (defval=2, minval=2, maxval=5)
- REI Low Source (defval="Low")
- REI Low Lookback (defval=2, minval=2, maxval=5)
- REI1 Period (defval=5, minval=3, maxval=10)
- REI2 Period (defval=8, minval=3, maxval=10)
- REI1 Weight (If Merge Selected, 1 to 3)
- REI2 Weight (If Merge Selected, 1 to 3)
- Overbought Level (defval=40, minval=10, maxval=90)
- OverSold Level (defval=-40, minval=-10, maxval=-90)

Catatan Pelepasan: label: MATHR3E REI-2.1
Upgraded: Pinescript V5
Fix: Rei Method Standard Option
Fix: Rei Method Alternate Option
New: Rei Method None Option (Old Standard)
New: Alerts
 •Start Strenght/Weaknesss

Catatan Pelepasan: label: MATHR3E REI-2.2
New: Adding Demarker option