How to Add DeMark Range Extension Index Indicator on MetaTrader 4 Charts

Step 1: Open the Navigator Panel on Trading Platform

Open Navigator panel as shown & illustrated below: Go to 'View' menu (click on it), then choose 'Navigator' panel window (click), or From Standard Tool-Bar click 'Navigator' button or press key-board short cut keys 'Ctrl+N'

On Navigator panel, select 'Indicators', (DoubleClick)

How to Add DeMark Range Expansion Index Trading Indicator in MT4 - DeMark Range Expansion Index Trading Indicator Setting on MT4

How to Add DeMark Range Expansion Index Trading Indicator on MetaTrader 4 - MT4 DeMark Range Extension Index Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding DeMark Range Expansion Index MT4 Indicator

Expand the menu by pressing the expand(+) button marker (+) or doubleclick the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the DeMark Range Expansion Index chart indicator from this list of trading indicators so as to add the DeMark Range Extension Index indicator on the chart.

How to Add DeMark Range Extension Index Indicator on the Forex Chart

How to Add DeMark Range Extension Index Trading Indicator - From the Above window you can then place DeMark Range Expansion Index indicator that you want on the Forex chart

How to Add Custom DeMark Range Expansion Index Trading Indicator to MT4

If the indicator you as a trader want to add is a custom indicator - for example if the DeMark Range Extension Index indicator you as a trader want to add is a custom indicator you will need to first add this custom DeMark Range Extension Index indicator on the MT4 platform & then compile custom DeMark Range Expansion Index indicator so that the newly added DeMark Range Extension Index custom indicator pops up on the list of custom indicators in MT4 platform.

To learn how to install DeMark Range Expansion Index indicators on MT4, how to add DeMark Range Extension Index indicator panel to MT4 and how to add DeMark Range Extension Index custom indicator in MT4 - How to add a custom DeMark Range Extension Index indicator in MetaTrader 4.

About DeMark Indicator Explained

DeMarks Analysis & Range Expansion Index Signals

Created by Tom DeMark.

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

DeMark Range Extension Index Indicator Setting in MetaTrader 4 - Adding MT4 DeMark Range Extension Index in MT4 Charts

DeMarks Range Expansion Index

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

Forex Technical Analysis and Generating Signals

This Oscillator Technical 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.

DeMark Range Extension Index Trading Indicator Settings on MT4

Overbought and Over-sold Levels on Trading Indicator

Exit Signals - DeMark advises against trading in extreme over-bought conditions indicated by six bars above +45, exit for buy signals gets 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 trade transactions.

Learn More Lessons & Tutorials:

Trade Forex Trading