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

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

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

DeMarks Technical Analysis and Range Expansion Index Forex Signals

Developed by Tom DeMark.

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

DeMark Range Expansion Index - Forex DeMark Range Expansion Index Expert Advisor 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.

Forex DeMark Range Expansion Index Technical Analysis Generating Forex Signals

This Oscillator 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 - Forex DeMark Range Expansion Index Expert Advisor Setup

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