Trade Forex Trading

DeMarks Analysis & Range Extension Index MT5 Indicator

Created by Tom DeMark.

DeMark used the Range Expansion Index to trade options, in his trading strategy. This MT5 indicator is an oscillator.

DeMark Range Expansion Index MT5 Indicator - DeMark Range Extension Index MT5 Indicator

DeMarks Range Expansion Index

This Oscillator MT5 Indicator is used as a market-timing oscillator MT5 indicator MT5 indicator which attempts to overcome problems with exponentially calculated oscillators, which are calculated arithmetically and these trading indicators tend to lag the market.

Technical Analysis & Generating Signals

This Oscillator MT5 Indicator typically oscillates between values of -100 to +100.

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

Oversold Levels -Readings of -45 or lower indicates over-sold conditions.

DeMark Range Extension Index MT5 Indicator - DeMark Range Expansion MT5 Indicator

Overbought and Over-sold Levels on Trading Indicator

Exit Signals - DeMark advises against forex trading in extreme overbought conditions indicated by six bars above +45, exit for buy signals is 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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