DeMarker Indicator demonstrates phases of price depletion which usually correspond to price lows or highs. It fluctuates from 0 to 1. Downward movement in prices is expected if the parameter of the indicator moves above the 0.7 mark. Upward movement in prices is expected if the indicator moves below the 0.3 mark.

Market Signals

As the indicator moves above the 0.7 level, prices are predicted to go down. Therefore, it is a signal to sell short. If the indicator is under the 0.3 level, prices are predicted to go up. It is a signal to go long.

Calculation

where N is the period for calculating indicator values.

Chart Example

Implementation and Usage

To initialize DeMarker indicator, use one of the following constructors:

DeMarker – set default values: period = 14

DeMarker(Int32) – set values for period

DeMarker(TimeSpan) – set time period

Use

DeMark - property to get current value.

Example

Copy

 1// Create new instance
 2DeMarker dem = new DeMarker(28);
 3
 4// Number of stored values
 5dem.HistoryCapacity = 2;
 6
 7// Add new data point
 8dem.Add(Bars.Current.Open, Bars.Current.High, Bars.Current.Low, Bars.Current.Close, Bars.Current.Volume, CurrentTime);
 9
10// Get indicator value
11double IndicatorValue = dem.DeMark;
12// Get previous value
13if (dem.HistoryCount == 2)
14{
15    double IndicatorPrevValue = dem[1];
16}