DeMark Range Expansion Index EA Setup - Setting Up DeMark Range Expansion Index Expert Advisor

DeMark Range Expansion Index EA Setup - Setting Up DeMark Range Expansion Index EA - A trader can come up with an DeMark Range Expansion Index EA based on the DeMark Range Expansion Index indicator explained below.

DeMark Range Expansion Index EA rules can be combined with other Forex trading indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

DeMarks Forex Trading Technical Analysis & Range Expansion Index Signals

Developed by Tom DeMark.

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

DeMark Range Expansion Index - DeMark Range Expansion Index EA Setup

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

DeMark Range Expansion Index Technical Analysis Generating Forex Signals

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

Overbought Zones - Readings of +45 or higher indicates over bought conditions.

Oversold Areas - Readings of -45 or lower indicates oversold conditions.

Overbought and Oversold Levels - DeMark Range Expansion Index EA Setup

Exit Trading Signals - DeMark 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 Trading Signals - extreme oversold conditions indicated by six or more bars below the -45 thresholds will generate exit signal for short trades.