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    DeMarker (DeM)
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      DeMarker (DeM)

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        Article summary

        DeMarker (DeM) is a technical indicator that derives its values by comparing the most recent maximum and minimum prices with the equivalent prices of the previous period. The indicator attempts to assess the directional bias of the market, so it can be used to determine either when to enter a market, or when to buy or sell an asset.

        The DeMax(i): if high(i) > high(i-1), then DeMax(i) = high(i)-high(1), otherwise DeMax(i) = 0
        The DeMin(i): if low(i) < low(i-1), then DeMin(i) = low(i-1)-low(i), otherwise DeMin(i) = 0
        DeMarker: DMark(i) = SMA(DeMax, N) / [SMA(DeMax, N) + SMA(DeMin, N)]

        where:
        high (i) – the highest price of the current bar
        low (i) – the lowest price of the current bar
        high (i -1) – the highest price of the previous bar
        low (i - 1) – the lowest price of the previous bar
        SMA – Simple Moving Average
        N – number of periods used in the calculation

        DeMarkerDeMarker

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        DeMarkerThe DeMarker plot
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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