DeMarker Oversold/Overbought Price Oscillator For Metatrader 4
The DeMarker Price Oscillator for MT4 reveals overbought and oversold market conditions with great precision.
It’s an excellent Forex indicator to pinpoint entries in both trending and ranging currency markets.
An extreme value of 1 indicates an overbought market while the 0 value represents an oversold market.
In order to improve its performance during trending markets, combine it with a longer-term trend indicator.
For instance, combine with ADMI, 200 SMA or 100 EMA.
Trade the overbought and oversold DeMarker signals in the direction of the dominant trend.
Avoid counter-trend signals.
- The DeMarker 1 value represents an overbought market, look for sell signals.
- The DeMarker 0 value represents an oversold market, look for buy signals.
- Use together with a longer-term trend indicator for accurate entry points.
- Use as a stand-alone during range-bound market conditions.
Feel free to explore the DeMarker Oversold Overbought Price Oscillator indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The DeMarker Oversold/Overbought Price Oscillator MT4 Indicator
Buy Signal: Execute a buy trade whenever the Demarker Price Oscillator turns back above the 0.15 value from below (see chart above).
Place stop loss below short-term support, or use your own favorite SL method.
Exit the buy trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Alternatively, utilize a fixed profit target to exit the DeMarker Price Oscillator based buy position.
Sell Signal: Execute a buy trade whenever the Demarker Price Oscillator turns back below the 0.85 value from above.
Place stop loss above short-term resistance, or use your own favorite SL method.
Exit the sell trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Alternatively, utilize a fixed profit target to exit the DeMarker Price Oscillator based sell position.
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DeMarker period, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: price oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.