![]() ![]() It looks at the current bar of the asset and compares it with the previous bar. Instead, it focuses on intra-period highs and lows. The DeMark indicator does not focus on closing levels as the RSI does. We know many successful Wall Street traders who can’t explain how simple indicators like moving averages are calculated. How to calculate it?Īs we have written before, calculating how an indicator is calculated is not mandatory. By making this comparison, the indicator attempts to assess the directional bias of the market.Īs it is doing this, the indicator helps the users identify the oversold and overbought levels. The indicator is derived by comparing the maximum and minimum prices that have been achieved in a certain period with those achieved in another period. It looks like other oscillators like the relative strength index and the commodity channels index. The DeMarker indicator is found on the oscillators section of most trading platforms. ![]() Tom is one of the best-known traders of our time, and his eponymous consulting firm is used by many Wall Street professionals. Other indicators in the family are Differential, Channel 1, 2, and 3, Double Point, Camouflage, and Arc among others. The indicator is one of the 30+ indicators that were developed by Tom DeMark. The DeMarker indicator is a free indicator that is available in most charting software like MT4 and PPro8. Using the DeMarker to find divergencies. ![]()
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