DeMarks Gold Analysis & Range Expansion Index Signals

Created by Tom DeMark.

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

DeMarks Range Expansion Index

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

Gold Analysis & Generating Signals

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

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

Over-sold Zones - Readings of -45 or lower indicates over sold conditions.

Overbought and Oversold Levels on Technical Indicator

Exit Signals - DeMark advises against trading in extreme over-bought conditions indicated by six bars above +45, exit for buy signals is generated six bars after price touches +45.

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

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