DeMarks Analysis & Range Expansion 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.

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 indicators tend to lag the market.

Technical Analysis & Generating Signals

This Oscillator MT5 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 and Oversold Levels on 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 oversold conditions indicated by six or more bars below the -45 thresholds will generate exit signal for short trades.