Adding MetaTrader 4 DeMarks Range Expansion Index Indices Technical Chart Indicator
Step 1: Open the Indices Trading Platform Navigator Window
Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”
On the Navigator window, select “Indicators”, (Double Click)
MetaTrader 4 DeMarks Range Expansion Index Indices Indicator
Adding DeMarks Range Expansion Index MetaTrader 4 Indices Technical Chart Indicator
Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the DeMarks Range Expansion Index stock indices chart indicator from this list of stock indices indicators so as to add the DeMarks Range Expansion Index stock indexes technical indicator on the stock indexes trading chart.
From the Above window you can then place DeMarks Range Expansion Index indicator that you want on the Indices Trading chart
How to Put Custom DeMarks Range Expansion Index Stock Indexes Indicator on MetaTrader 4 and How to Install DeMarks Range Expansion Index Stock Indexes Indicator MetaTrader 4
If the stock indices indicator you want to add is a custom indicator - for example if the DeMarks Range Expansion Index indicator you want to add is a custom indicator you will need to first add this custom DeMarks Range Expansion Index indicator on the MT4 stock indexes trading platform and the compile the custom DeMarks Range Expansion Index indicator so that the newly added DeMarks Range Expansion Index custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.
To learn how to install DeMarks Range Expansion Index indicators on MetaTrader 4, how to add DeMarks Range Expansion Index indicator window to MetaTrader 4 and how to add DeMarks Range Expansion Index custom indicator on MT4 stock indexes trading platform - How to add a custom DeMarks Range Expansion Index indices trading Indicator on MT4.
About DeMarks Indices Indicator Tutorial
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
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 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
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.