Range Expansion Index Forex Strategy

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Originally this is a Repainting Indicator. But if you choose indicator properties and set Period to 1. This will not repaint. That’s how we are going to use it here. You can use this technique to other indicators too. Set Maximum, Minimum values and lower the period, That will give you non-repaint indicators.

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Indicators used : Range Expansion Index indicator  ($2.99 Only + Instant Download)

Time Frame: 5M
Expiry Time: 5M
Entry: 2-3 Seconds Before Previous Candle Expiry

You need to set up your charts like below ;

REI Settings

Len : 1 

Range Expansion Index Forex Strategy
REI Indicator

Rules

This indicator can be used as 3 or 4 signal types. As an Oversold / Overbought indicator or as a Zero cross indicator. But that’s not what I’m going to present to you. This is an odd way. After indicator is oversold or overbought wait until it comes to the zero level. Once the indicator line stops at zero. Follow the trend in the same direction as the indicator. Look at the chart below to clear your doubts. Don’t trade if the above rules are not true.

Range Expansion Index Forex Strategy
Range Expansion Index Binary Options Strategy

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