Demarker Indicator in an indicator that work on past data to predict current price range minimum or maximum depending on past range also known as DeM.
It is wave pattern under the chart window work between 0 and 1 with the levels of 0 to 1 with these levels it indicates over bought and oversold for any time frame using currency pairs this information is quite enough to predict entry and exit best times.
What is Demarker Indicator for meta trader 4?
Demarker Indicator has ability to predict the divergence bullish and bearish and predict current price with respect to old price and predict when a trend is start and when ends entry or exits are clear.DeMarker indicator formula, which is as follows:
- DEM = SMA(DeMMAX) [SMA(DeMMAX) + SMA(DeMMIN)] where, DeMMAX is difference of current hight and previous high and DEMMIN is difference between current low and previous low over MA.
Parameters of the DeMarker Indicator for MT4
- extern int DeMarkerPeriod=14;
Buffers of the DeMarker Indicator for MT4
Set Index Buffer (0, DeMarker Buffer);
Set Index Buffer (1, ExtMax Buffer);
Set Index Buffer (2, ExtMin Buffer);
How Demarker Indicator works:
It is initially developed for comparing price range if the price range is low then the previous price data it predicts as zero level wise versa if the price range is high then it is recorded as one.
Buy: when the price range move above the level of oversold means 0.3 level and indicates upward trend. Exit or take profit before its oversold level reaches the level 0.7 means to stop loss around 0.5 or 0.6 level.
Sell: when the price range move below the level of overbought means 0.7 level and indicates downward trend. Exit or take profit before its overbought level reaches the level 0.3 means to stop loss around 0.4 or 0.5 level.
Characteristics of Demarker Indicator mt4:
- Look back period: customized usually 14
- Platform are: MetaTrader4
- Fixed minimum level: zero
- Fixed maximum level: one
- Use charted graph for presentation.
- Use different colour line (any colour)
- Timeframe: few minutes, few hours, day to day
- Work for any pair of currency. (EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, GBP/JPY, EUR/JPY, AUD/JPY, USD/CHF, XAU/USD)
Benefits of Demarker Indicator mt4:
Demarker Indicator has ability to predict the divergence bullish and bearish and predict current price with respect to old price and predict when a trend is start and when ends entry or exits are clear. It gives confirm signals on what market is trending. This indicator also indicate market overbought and oversold price pressure. Through this market reversal is revealed. Well suited for any currency pair for any timeframe. It has tremendous ability to recognise real and fake trend signals just because of it is able to keep record.
Demerits of Demarker Indicator:
It is an oscillator indicator but not best as other and does nothing more than trend analyzing. It is difficult to understand for beginners so require some practice.