DeMarker Metatrader 4 Indicator

DeMarker MT4 indicator oscillates between 0 and 1. Indicator readings above 0.7 suggest overbought levels. Readings below 0.3 suggest oversold levels.

Trading Signals

BUY: In uptrends: Wait for the indicator to turn back above 0.3 from below.
SELL: In downtrends: Wait for the indicator to turn back below 0.7 from above.

Use in conjunction with trend analysis tools to determine the primary trend. Don’t use DeMarker against the primary trend.

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Download the DeMarker Metatrader 4 indicator.

GBP/USD Weekly Chart Example

demarker metatrader4

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