Setting Up DeMarks Range Expansion Index Expert Advisor
Indices DeMarks Range Expansion Index Indices Expert Advisor Setup - Setting Up DeMarks Range Expansion Index Indices Expert Advisor - A Indices trader can come up with an DeMarks Range Expansion Index Indices Expert Advisor based on the DeMarks Range Expansion Index stock indices indicator explained below.
Indices DeMarks Range Expansion Index Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.
DeMarks Indices Technical Analysis and Range Expansion Index Indices Trading Signals
Developed by Tom DeMark.
DeMark used the Range Expansion Index to trade options, in his trading strategy. This indicator is an oscillator.
DeMarks Range Expansion Index - Indices DeMarks 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 stock indexes trading market.
Indices DeMarks Range Expansion Index Technical Analysis and Generating Indices Trading 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 - Indices DeMarks 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 indices trading signals is generated six bars after stock indexes 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.