DeMarker Indicator
The DeMarker Indicator, a crucial tool in technical analysis, assists traders in gauging potential trend reversal points. By utilizing Amibroker data, traders can accurately plot DeMarker values to identify overbought and oversold conditions in the market. The Amibroker data feed ensures real-time updates, enhancing the precision of DeMarker readings for informed decision-making.
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_SECTION_BEGIN("Demarker Indicator");
/*
** Tom Demark's DeMarker Indicator
** AFL Implementation by Tomasz Janeczko
*/
highm = IIf( H > Ref( H, -1 ), H - Ref( H, - 1), 0 );
lowm = IIf( L < Ref( L, -1 ), Ref( L, - 1 ) - L, 0 );
DeMarker = 100 * Sum( highm, 13 )/( Sum( lowm, 13 ) + Sum( highm, 13 ) );
Plot(DeMarker, "TD_Demarker", colorRed);
_SECTION_END();