DeMarker MetaTrader 4 Indicator & DeMarker Signals

Developed by Tom Demark.

This MT4 Indicator is designed to overcome the general shortcomings of traditional overbought and oversold technical MetaTrader 4 Indicators.

The DeMarker is used by traders to predict potential market bottoms and tops by utilizing price data comparisons from one bar to the next.

MetaTrader 4 Indicator & How to Generate Signals

This MT4 Indicator is interpreted in the same way as other overbought / oversold MetaTrader 4 Indicators. The overbought level is marked at 70 while oversold is marked at 30.

Bullish Reversal Signal - When the DeMarker falls below 30, the bullish price reversal should be expected.

Bearish Reversal Signal - When the DeMarker rises above 70, the bearish price reversal should be expected.

MetaTrader 4 Technical Indicator

If you use longer time frames to plot the Demarker, you will get to catch the long term market trends. If you use the short time frame based on shorter periods you can enter the market at the point where the risk is minimum and you can plan the time of transaction so that it is within the major Forex trend.