Demarker
October 12, 2015, 7:59 PM
Indicators
0 Comments
DeMarker should be interpreted as other overbought / oversold indicators such as RSI with the levels of 30 and 70. Compared to RSI it is smoother but still able to detect tops and bottoms a little bit better.
Parameters
HIGHM (HIGHM = 0)
LOWM (LOWM = 0)
demarker (demarker = 0)
IF (DHigh(0) > DHigh(1)) THEN
HIGHM= DHigh(0)-DHigh(1)
Else
HIGHM =0
Endif
IF (DLow(0) < DLow(1)) Then
LOWM= DLow(1)-DLow(0)
Else
LOWM = 0
Endif
demarker = 100*summation[13](HIGHM)/(summation[13](LOWM)+summation[13](HIGHM))
return demarker
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Filename:
Demarker.itf
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