DeMarks Gold Analysis & Range Expansion Index Signals

Developed by Tom DeMark.

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

DeMarks Range Expansion Index

This Oscillator Technical is used as a market timing oscillator trading which attempts to overcome the problems of exponentially calculated oscillators indicators, which are calculated arithmetically and these technical indicators will tend to lag the market.

Gold Analysis & Generating Signals

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

Over-bought Levels - Readings of +45 or higher indicates overbought conditions.

Oversold Zones - Readings of -45 or lower indicate over sold conditions.

Over-bought & Oversold Levels on Indicator

Exit Signals - DeMark advises against trading in extreme overbought conditions indicated by 6 or more bars above +45, exit for buy signals is generated six bars after price tests/touches +45.

Exit Signals - extreme over-sold conditions indicated by 6 or more bars below the -45 thresholds will generate exit signal for short trades.

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