The DeMarker indicator is an oscillator by the reputable technical analyst Thomas DeMark.
This indicator compares the most recent maximum and minimum prices to the previous period's equivalent prices to measure the demand of the underlying asset. It's helpful for traders who aim to assess the directional trend of the market.
With the analysis of the oscillator value in relation to overbought & oversold regions, DeMarker Trend Pro assists traders to gauge trend phases, or to capitalize on probable imminent trend extensions.
This indicator is also used to determine price exhaustion, identify market tops and bottoms, and assess risk levels.
Key features:
- Plot DeMarker
- Allow configuring "Sensitive Mode"
- Allow selecting DeMax from
- Allow selecting DeMin from
- Allow smoothing DeMarker (with
)
- Paint bars to show 2 phases: uptrend, downtrend
- Paint background to show 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Colorize DeMarker based on 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Highlight upper & lower regions
- Print markers on trend shift
- Trigger alerts on trend shift
- Print markers on trend resuming
- Trigger alerts on trend resuming
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State: 1 = upper, -1 = lower, 0 = center
- Signal_Trend: 2 = uptrend strong, 1 = uptrend weak, -2 = downtrend strong, -1 = downtrend weak
- 22 Mar 2022 - The indicator was released (build new).
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