DeMarks Technical Analysis & Range Expansion Trading Signals
Made by Tom DeMark.
DeMarks used the Range Expansion Index to trade options in his plan. This trading tool is a type of indicator called an oscillator.

DeMarks Expansion Index for Ranges
This Oscillator Technical Indicator works as a timing tool for the market and tries to fix problems found in oscillators that use exponential calculations. These other oscillators use arithmetic calculations and tend to be slow to react to market changes.
Technical Analysis and How to Generate Trading Signals
This Oscillator Indicator commonly oscillates between the values of -100 to +100.
Overbought tiers - Readings of +forty five or better shows overbought conditions.
Oversold zones are indicated by readings of -45 or lower, which signify oversold conditions.

Over-bought and Oversold Levels on Indicator
Exit signals according to DeMark emphasize avoiding trades during extreme overbought conditions defined by six or more bars above +45. Exits are recommended six bars after +45 is reached.
Exit signals pop up when you see six or more price bars below the -45 threshold, which means it's time to close your short trades.
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