Forex Technical Indicators- Range Expention Index.

Image source: instaforex.

It is developed by Thomas DeMark. It is an Oscillator indicator.

It can be used in long term and short term time frames.

This Oscillator fluates between 100 land -100 levels.

If it runs over 60 level means, it shows overbought position.

If it runs down to -60 level means, it shows oversold position.

Better to use it with EMA 50.

Ref: instaforex.