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Tom Demark-Range Expansion Breakout, TD REBO



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.


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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?

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