DeMark Analysis and Range Extension Index Signals
Developed by Tom DeMark.
DeMarks used the Range Expansion Index to trade options, in his strategy. This trading indicator is an oscillator technical indicator.
DeMark Range Expansion Index
This Oscillator Technical is used as a market-timing oscillator trading which attempts to overcome problems with exponentially calculated oscillators trading indicators, which are calculated arithmetically & these trading indicators tend to lag the market.
Forex Analysis & How to Generate Signals
This Oscillator Trading Indicator typically oscillates between the values of -100 to +100.
Overbought Zones - Readings of +45 or higher indicates over bought conditions.
Over-sold Zones - Readings of -45 or lower indicates oversold conditions.
Overbought & Over-sold Levels on Trading Indicator
Exit Signals - DeMarks advises against trading in extreme over-bought conditions indicated by six bars above +45, exit for buy signals is 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.
Learn More Tutorials & Courses:
- Aroon Trade Forex Robot Expert Advisor
- How Can I Trade SX 50 Strategy?
- Learn Trade Forex Basics Concepts
- List of Top Australia FX Trading Brokers
- MetaTrader FRA 40 Index FRA 40 MetaTrader 4 Forex Trading Platform Software
- Transforming Your Gold Psychology & Mindset When Trade
- What is a Gold Margin Trade Account?
- How to Add Zigzag Trading Indicator on XAUUSD Chart on MetaTrader 4 Software
- MACD Indicator Technical Analysis Summary
- How to Find MT4 NOK JPY Chart
