andyshooktrader Posted May 5, 2014 Report Share Posted May 5, 2014 (edited) Hi, does anyone has DeMarker oscillator? I tried to search in the forum, but unfortunately I didn't find anything, I found it only for MetaTreader 4...:((:((:(( Thanks and good trading! Andyshooktrader Small description of DeMarker: Demarker Technical Indicator is based on the comparison of the period maximum with the previous period maximum. If the current period (bar) maximum is higher, the respective difference between the two will be registered. If the current maximum is lower or equaling the maximum of the previous period, the naught value will be registered. The differences received for N periods are then summarized. The received value is used as the numerator of the DeMarker and will be divided by the same value plus the sum of differences between the price minima of the previous and the current periods (bars). If the current price minimum is greater than that of the previous bar, the naught value will be registered. When the indicator falls below 30, the bullish price reversal should be expected. When the indicator rises above 70, the bearish price reversal should be expected. If you use periods of longer duration, when calculating the indicator, you’ll be able to catch the long term market tendency. Indicators based on short periods let you enter the market at the point of the least risk and plan the time of transaction so that it falls in with the major trend. Edited May 5, 2014 by andyshooktrader newbie0101 1 Quote Link to comment Share on other sites More sharing options...
orfila Posted May 5, 2014 Report Share Posted May 5, 2014 http://www.greattradingsystems.com/Demarker-ninjatraderindicator andyshooktrader, Traderbeauty, ⭐ whinny and 1 other 4 Quote Link to comment Share on other sites More sharing options...
andyshooktrader Posted May 5, 2014 Author Report Share Posted May 5, 2014 http://www.greattradingsystems.com/Demarker-ninjatraderindicator Thanks so much it works perfectly!!!! You rock!! :D :D :D Quote Link to comment Share on other sites More sharing options...
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