DeMarker
DeMarker, an oscillator-type indicator, measures the demand for an asset and identifies potential price exhaustion. Integrating Amibroker data into DeMarker calculations provides traders with a comprehensive view of market dynamics. With an accurate Amibroker data feed, traders can rely on DeMarker signals to navigate volatile market conditions and make timely decisions.
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_SECTION_BEGIN("DeMarker");
/*
** 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 ) );
Graph0 = DeMarker;
_SECTION_END();