Smoothed oscillator based on basic DeMarker indicators. Shows the volatility of the price direction. Can be used to determine intraday entry and exit points from the market.
Suitable for use on all time frames and trading instruments. It is recommended to use on M5, M15 and M30.
The green line shows the price direction up, the blue line shows the price direction down. The red line is a smoothed representation of the price.
Input parameters
- Period – Period of the main indicator DeMarker
- Number Bars – The number of indicator bars on the chart.
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