DeMarks Bitcoin Trading Analysis & Range Expansion Index Trading Signals

Developed by Tom DeMark.

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

DeMark 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 & these indicators tend to lag the btcusd trading market.

BTCUSD Analysis & Generating Trading Signals

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

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

Oversold Levels - Readings of -45 or lower indicates over sold conditions.

Overbought and Oversold Levels on Technical Indicator

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