DeMark Range Extension Index Expert Advisor Setup - Setting Up DeMark Range Expansion Index Expert Advisor
DeMark Range Extension Index Expert Advisor Setup - Setting Up DeMark Range Extension Index Expert Advisor - A trader can come up with an DeMark Range Expansion Index Expert Advisor based on the DeMark Range Extension Index indicator explained below.
DeMark Range Extension Index Expert Advisor rules can be combined with other Forex technical indicators to come up with other EA Robots that trade using rules based on two or more indicators combined to form a tradingtrade system.
DeMarks Analysis & 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 - DeMark Range Extension Index Expert Advisor Setup
This Oscillator Trading Indicator is used as a market-timing oscillator technical indicator which attempts to overcome problems with exponentially calculated oscillators indicators, which are calculated arithmetically & these technical indicators tend to lag the market.
DeMark Range Extension Index Analysis Generating Signals
This Oscillator Trading Indicator typically oscillates between the values of -100 to +100.
Overbought Levels -Readings of +45 or higher indicates over-bought conditions.
Oversold Levels -Readings of -45 or lower indicates over-sold conditions.
Overbought and Oversold Levels - DeMarks Range Expansion Index Expert Advisor Setup
Exit Signals - DeMarks advises against trading in extreme overbought conditions indicated by six bars above +45, exit for buy signals is generated six bars after price hits +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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