DeMarks XAUUSD Technical Analysis & Range Expansion Index XAUUSD Signals
Developed by Tom DeMark.
DeMark used the Range Expansion Index to trade options, in his strategy. This xauusd indicator is an oscillator.
DeMarks Range Expansion Index
This Oscillator Trading is used as a market-timing oscillator technical indicator which attempts to overcome problems with exponentially calculated oscillators, which are calculated arithmetically & these technical indicators tend to lag the market.
Technical Analysis and How to Generate Signals
This Oscillator Trading Indicator typically oscillates between values of -100 to +100.
Over-bought Levels - Readings of +45 or higher indicates over bought conditions.
Oversold Zones - Readings of -45 or lower indicates over sold conditions.
Overbought & Oversold Levels on Indicator
Exit Signals - DeMark advises against trading in extreme over-bought conditions indicated by six bars above +45, exit for buy signals gets generated six bars after price touches +45.
Exit Signals - extreme over-sold conditions indicated by six or more bars below the -45 thresholds will generate exit signal for short trades.
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