DeMarker Extrem on Chart

Hello.

I downloaded the DeMarker from this link
https://www.prorealcode.com/prorealtime-indicators/demarker-indicator/

here the code:

//DeMarker Indicator
period=14
up=max(0,high-high[1])
down=max(0,low[1]-low)
 
ratio=100*average[period](up)/(average[period](up)+average[period](down))
 
return ratio as "DeMarker",20,80

//DeMarker Indicator

period=14

up=max(0,high-high[1])

down=max(0,low[1]-low)

ratio=100*average[period](up)/(average[period](up)+average[period](down))

return ratio as "DeMarker",20,80

and then I adapted the DeMarker “OnChart” in this way, you can see possible entry points for short and long positions in the Dax 4H as a reverse signal at extreme points.

//DeMarker Indicator Extrem on Chart

// graphic taken and little bit modified from PRC Scalping Indikator V3
PIP                 = 0.1*Pipsize   ///ARROW DISTANCE
LIN                 = 5             //LENGTH OF SEGMENT OF SUPPORT OR RESISTENCE
RESISTENCE          = 10*Pipsize    //DISTANCE OF THE SEGMENT OF THE RESISTENCE
SUPPORT             = 10*Pipsize

r =255
g=0
b=255


// variables dfault value
L = 5
S = 95
period = 6
Tstart = 080000
Tend = 220000



// DeMark
up=max(0,high-high[1])
down=max(0,low[1]-low)
DeMark =100*average[period](up)/(average[period](up)+average[period](down))


// TimeWindows to show the graphic,
IF time >=Tstart and time <=Tend Then

 If DeMark <L then
  DRAWARROWUP(barindex,LOW-PIP)coloured(r,g,b)
  DRAWSEGMENT(barindex,LOW-SUPPORT,barindex-LIN, LOW-SUPPORT )coloured(r,g,b)
 Endif

 If DeMark >S then
  DRAWARROWDOWN(barindex,HIGH+PIP)coloured(r,g,b)
  DRAWSEGMENT(barindex,HIGH+RESISTENCE,barindex-LIN, HIGH+RESISTENCE) coloured(r,g,b)
 endif
ENDIF

 
return

//DeMarker Indicator Extrem on Chart

// graphic taken and little bit modified from PRC Scalping Indikator V3

PIP = 0.1*Pipsize ///ARROW DISTANCE

LIN = 5 //LENGTH OF SEGMENT OF SUPPORT OR RESISTENCE

RESISTENCE = 10*Pipsize //DISTANCE OF THE SEGMENT OF THE RESISTENCE

SUPPORT = 10*Pipsize

r =255

g=0

b=255

// variables dfault value

L = 5

S = 95

period = 6

Tstart = 080000

Tend = 220000

// DeMark

up=max(0,high-high[1])

down=max(0,low[1]-low)

DeMark =100*average[period](up)/(average[period](up)+average[period](down))

// TimeWindows to show the graphic,

IF time >=Tstart and time <=Tend Then

If DeMark <L then

DRAWARROWUP(barindex,LOW-PIP)coloured(r,g,b)

DRAWSEGMENT(barindex,LOW-SUPPORT,barindex-LIN, LOW-SUPPORT )coloured(r,g,b)

Endif

If DeMark >S then

DRAWARROWDOWN(barindex,HIGH+PIP)coloured(r,g,b)

DRAWSEGMENT(barindex,HIGH+RESISTENCE,barindex-LIN, HIGH+RESISTENCE) coloured(r,g,b)

endif

ENDIF

return

until then
JohnScher

Demark demarker Thomas Demark

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Alai-n • 06/18/2018 #
Hello, it is impossible to import the file.Itf! The platform responds that the file is only available for one import !!! Thank you
- JohnScher • 06/18/2018 #
  Oh … problem .. i don´t why, could you ask Nicolas? He’s much more familiar with PRT than I am.
- Nicolas • 06/18/2018 #
  I changed the file, now it is all good.

JohnScher • 06/18/2018 #
Thank you! Nicolas!

HeikinAshi • 06/18/2018 #
looks interesting.

can you say something about the variables?
(L = 5
S = 95)
are those on the H4 optimized?
which would you recommend for M5 and M30?