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!!
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//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 |
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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.
Rogers,
if I understood correctly your question you can write a line like this:
return ratio as \"Line\",20 as \"20\",80 as \"80\"
Thank you Gabri for your reply. it is ok now for me. thanks again 🙂
How do you spot the divergences? Do you use an divergence-finder indicator?
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.
Thanks Gabri, I thought in this direction. I’ll check it out, thanks!