StockFetcher Forums · Indicators and Measures · DeMarker<< >>Post Follow-up
stockfetcher
979 posts
msg #35786
4/28/2005 2:02:02 PM

Demarker

Parameters Period
Usage DeMarker(14)
Description Developed by Thomas R. Demark, this indicator attempts to detect price tops and bottoms through adjacent highs and lows.

First, an average of differences is computed from the current intraday high and previous intraday high. If the current high is above the previous, the difference is used, otherwise nothing is added. Next, the same process is used for current intraday lows which are less than the previous intraday low. Finally, a ratio is computed by taking the average of highs over the sum of the average high and low differences.

The DeMarker values range between 0 and 1.0 with 0.30 and 0.70 considered to be important thresholds.

Examples
Fetcher[DeMarker(14) crossed above 0.30]



StockFetcher Forums · Indicators and Measures · DeMarker<< >>Post Follow-up

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