The DeMarker indicator (also known as DeM) is a popular and useful Forex indicator that is used to identify potential buying and selling opportunities in the Forex market. The DeMarker indicator is available for free on most popular trading platforms such as MetaTrader 4 (MT4). The DeMarker indicator measures the strength of a price trend in the Forex market. It is based on the comparison between the current price and the highest and lowest points of the past periods. The higher the value of the indicator, the stronger the trend. Conversely, the lower the value of the indicator, the weaker the trend. The DeMarker indicator is calculated by subtracting the lowest price from the current price and dividing it by the difference between the highest and lowest prices. The result is then multiplied by 100. The DeMarker indicator typically ranges between 0 and 1, with readings above 0.7 indicating an uptrend and readings below 0.3 indicating a downtrend. The DeMarker indicator is a useful tool for traders looking to identify potential entry and exit points in the Forex market. It is free and available on most popular trading platforms such as MetaTrader 4 (MT4). By monitoring the DeMarker indicator, traders can gain an edge in the market and increase their chances of making profitable trades.
MT4
DeMarker
The DeMarker Indicator (also known as DeM) is a popular and free Forex indicator used by traders to identify potential trend reversals. The DeMarker Indicator is a momentum oscillator that measures the speed of price movements. It is useful for traders to identify potential price reversals and to time the entry and exit of trades. The DeMarker Indicator helps traders to identify when the market is overbought or oversold by comparing the current price with the previous price. It then plots the values of the indicator on a chart to determine when the market is overbought or oversold. The DeMarker Indicator is a useful tool for traders looking to improve their trading performance.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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