OPEN-SOURCE SCRIPT
DeMarker
indicator is a momentum oscillator designed to evaluate the demand of an asset by comparing recent highs and lows to previous periods. It helps traders identify potential overbought and oversold market conditions with enhanced visual clarity and classic parameter settings.
using a default period of 15 and displaying key reference levels (0.05, 0.1, 0.5, 0.9, and 0.95) to highlight potential reversal or continuation zones.
using a default period of 15 and displaying key reference levels (0.05, 0.1, 0.5, 0.9, and 0.95) to highlight potential reversal or continuation zones.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.