DeMarks MT4 Indicator and Range Expansion Index Signals

Created by Tom DeMark.

DeMarks used the Range Expansion Index to trade options, in his strategy. This MT4 Indicator is an MT4 Indicator.

DeMark Range Expansion Index

This MetaTrader 4 Indicator is used as a market-timing MT4 Indicator which attempts to overcome problems with exponentially calculated MT4 Indicators, which are calculated arithmetically and these MT4 Indicators tend to lag the market.

MT4 Indicator and Generating Signals

This MetaTrader 4 Indicator typically oscillates between values of -100 to +100.

Overbought Levels -Readings of +45 or higher indicates overbought conditions.

Oversold Levels -Readings of -45 or lower indicates oversold conditions.

Overbought & Oversold Levels on Indicator

Exit Signals - DeMarks advises against trading in extreme overbought conditions indicated by six bars above +45, exit for buy signals gets generated six bars after price hits +45.

Exit Signals - extreme oversold conditions indicated by six or more bars below the -45 thresholds will generate exit signal for short trades.