The DeMarker indicator named after Thomas DeMark is a momentum oscillator very similar in nature to the Relative Strength Index (RSI) developed by Welles Wilder. By comparing inter-period price maxima and minima the DeMarker indicator attempts to gather information about price movements to help determine the underlying trend strength and identify over-bought/sold trade conditions. One of the main benefits of the DeMarker indicator is that they are less prone to distortions seen in indicators such as the Rate of Change (ROC), which are introduced by erratic price movements at the start of the analysis window which can cause sudden shifts in the momentum line even when the current price is little changed.
The default period for the calculation of the DeMarker indicator is 14. Traders should look to go long when the DeMarker falls below 30 during an up-trend and go short when DeMarker rises above 70 during a down-trend.
Traders should avoid selling/buying at overbought/oversold levels in strongly trending markets as subsequent periods of sideways trading can return the oscillator to more normal levels without any material favourable movement in the direction of the trade.
Easy DeMarker provides a comprehensive dashboard that allows you to view the DeMarker signals of up to 37 instruments across 6 timeframes (M5, M15, M30, H1, H4, D1) at one glance. In this way, you do not miss out any trading opportunities even on the go.
Below are some of the key features of the app.
– Timely display of DeMarker signal of up to 37 instruments across 6 timeframes (M5, M15, and M30 are only available for subscribers),
– Allows configuration of oversold/overbought condition that best suit your personal trading strategy,
– Timely push notification alert when oversold or overbought condition is hit
– Display headline news of your favourite instruments,
– Economic Calendar of upcoming events
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy DeMarker Premium. This subscription removes all advertisements within the app, allows you to view all timeframes (including M5, M15, M30) and supports our development of future enhancements.
To learn more about us and our products, please visit www.easyindicators.com .
For technical support / enquiries, email our technical support team at firstname.lastname@example.org
Join our facebook fan page.
Follow us on Twitter (@EasyIndicators)
*** IMPORTANT NOTE ***
Please note that updates are not available during weekend.
Forex trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Trading involves substantial risk of loss and is not suitable for all investors.
EasyIndicators has taken great measures to ensure the accuracy and timeliness of the information in the application, however, does not guarantee its accuracy and timeliness, and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information, inability to access the information, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this application.
The Application Provider (EasyIndicators) reserves the rights to stop the service without any advance notification.