Green Line = DM+
Red Line = DM-
Black Line = ADX
White Line = ADX Entry (if ADX is below this line indicates trend is weakness)
The indicator shows de DM- and DM+ cross, If the DM+ is above the DI- is in an uptrend (green background). Conversely, if the DM- is above the DI+ is in a downtrend (red background)
I recommend using it together with some other...
Others have published the DeMarker indicator, but with strange styles that make it difficult to read.
I found myself needing to customize my own DeM to be easily readable and pleasant to look at.
I have decided to publish my own version because I believe it is more standard and useful than others I could find.
This DeMarker indicator includes a moving average to...
This technique was described by William Blau in his book "Momentum,
Direction and Divergence" (1995). His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship between
price and momentum in step-by-step examples. From this...