The https://www.bigshotrading.info/ oscillator is bounded between values of 0 and 1.0, which gives us the opportunity to identify market tops and market bottoms with a minimum level of risk involved. The correct way to interpret this Demarker chart reading is quite simple. If the effort is big, but the result is small, expect a reversal. In other words, if the Demarker oscillator line advances faster than the price, the price move lacks the bullish momentum. As a result, the smart money isn’t behind this trend move and it’s most likely to reverse. Our preferred Demarker setting is to use a parameter value of 13 periods. We also like to tweak the overbought and oversold levels and instead of using the classical 0.7 and respectively 0.3 levels we use the 0.9 and respectively 0.1 levels.
Therefore we combine the Moving Average indicator with the DeMarker indicator. The Moving Average that we use is the Simple Moving Average period 14. Therefore, in its use, other indicators should be included as material for confirmation so that our entry is accurate. Extreme fluctuation in the indicator, such as too high or too low, is to identify possible entry and exit points.
IC Markets are my top choice as I find they have tight spreads, low commission fees, quick execution speeds and excellent customer support. (Inherited from HistoryDataQueue T.)HistoryCapacitySet or Get indicator’s history capacity. Do not set capacity for indicator if you already add data to it.
Because the character of the Moving Average tends to be lagging but this MA indicator is quite accurate in reading the direction of the trend. If the maximum price has the same value, then the recorded value is zero. Conversely, if the indicator shows a value below 0.3, the price may have reached the bottom, and it is possible to go up. This indicator is useful to find out if the price is too high or too low.
The authors of the articles or RoboForex company shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. (Inherited from BaseIndicator T.)HistoryCountCount of indicators values in indicator history. Symbol name on the data of which the indicator will be calculated. The technical storage or access that is used exclusively for anonymous statistical purposes. Binary options are not promoted or sold to retail EEA traders. The demarker indicator is one of the easiest to read and use when trading.
Like all price oscillators, they are best used in combination with other technical tools and are not intended to be standalone instruments. You may already have a go-to weapon for trading tools, whether it be your own or third-party indicators, or just built-in MT4 indicators. But in this article, we will discuss everything about the DeMarker indicator which is a family of oscillator indicators. A signal to sell appears when the price chart shows another high above the previous one, while the DeMarker line demonstrates a high lower than the previous one. This means the bears are accumulating strength, and a reversal downwards may follow. When the price chart reverses downwards, open a selling position with an SL behind the nearest high. The signal appears when the indicator reaches the low in the oversold area (under 0.3).