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DeMarker Indicator

Category: Indicators By: gabri Created: April 22, 2017, 7:59 PM

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: 360

gabri Master

Developer by day, aspiring writer by night. Still compiling my bio... Error 404: presentation not found.

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Comments

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HeikinAshi

8 years ago

Thanks Gabri, I thought in this direction. I'll check it out, thanks!

gabri

8 years ago

HeikinAshi, you can use this divergency finder https://www.prorealcode.com/prorealtime-indicators/rsi-divergences-finder/ and set the variable a in the first line with a call function for the demarker.

HeikinAshi

8 years ago

How do you spot the divergences? Do you use an divergence-finder indicator?

Rogers

9 years ago

Thank you Gabri for your reply. it is ok now for me. thanks again :)

gabri

9 years ago

Rogers,

if I understood correctly your question you can write a line like this:

return ratio as "Line",20 as "20",80 as "80"

Rogers

9 years ago

Hi Gabri;

thank you for your interresting indicator. Is it possible to give different names to the lines 20, 80 and price line? it can allow integration of your indicator in a auto strategy.

Regards,

Rogers.

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