DEMA Indicator by Dancharles

The DEMA indicator is part of the stock analysis software trading system and will highlight on the chart when the moving average and candle are touching on a certain percent ratio. When the candle is GREEN and touching the moving average in the correct ratio it will show a GREEN D below the candle. If the candle is RED and it is touching the moving average in the correct ratio it will plot a RED D above the candle.

If you look at any of these charts you will see the red and green D's. The green D's below the green candles would signal a more bullish looking setup where as a red D would signal a more bearish looking setup.

This indicator is great when added to the complete system to look for entries but also exits. This indicator has been used by myself for many years as a trading professional.

Release Notes:

added ATR

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Dancharles for more information, or follow the author's instructions below.

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