Jump to content
Medved Trader Forums
  • 0

Tom Demark-Range Expansion Breakout, TD REBO


Riker66
 Share

Question

Hello,
is it possible to implement this indicator for MT?
It is calculated that you take yesterday´s true range, multiply it with 0.382 and 0.618
and add this result to today´s open. So you get two lines. Additionally you can subtract these results
from today´s open to get two more lines.  The assupmtion is that if the price is crossing one of the lines this will cause
a momentum in the direction of the breakout.

Thanks

Link to comment
Share on other sites

5 answers to this question

Recommended Posts

  • 0

I guess can implement this in the same way (and ranges) that pivot points are implemented. How would these four lines be labeled? What are they called?

I googled and saw them called L1+ L2+ L1- L2-... Since in MT the names, since they can be used in the paintbars, should not contain +-, I could call them   L1P  L2P  L1N  L2N --- for positive and negative?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...