DeMarker Indicator
April 22, 2017, 7:59 PM
Indicators
6 Comments
The DeMarker (DM) is a very good indicator to spot divergencies with price. In the way the DeMarker is computed it gives, often, even better signal than the RSI.
The way I use it. Once I find the divergence I wait until the DM crosses above the peak between the two bottom and enter long. The opposite for shorts.
Blue skies!!
//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
Download
Filename:
Mio-DeMarker-for-PRT.itf
Downloads:
354
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