The DeMarker (or DeM) indicator is a popular and free forex indicator for the MetaTrader 5 (MT5) trading platform. It is a momentum oscillator that measures the speed and change of price movements. The DeMarker indicator is useful for determining potential overbought and oversold conditions, as well as providing insight into potential trend reversals. The DeMarker indicator is based on the comparison of the most recent high and low prices. It is calculated by taking the highest high of the past n periods and subtracting the lowest low of the past n periods. This value is then divided by the highest high of the past n periods. The DeMarker indicator is usually used in combination with other indicators. It can be used to identify potential overbought and oversold conditions, as well as to confirm potential trend reversals. When the DeMarker indicator is above 0.7, it is an indication of an overbought market. Conversely, when the DeMarker indicator is below 0.3, it is an indication of an oversold market. The DeMarker indicator is usually used in combination with other indicators to confirm potential trading signals.
MT5
DeMarker
The DeMarker Indicator MT5 is a popular and useful free Forex indicator that is available for the MT5 trading platform. It is used to measure the market momentum and identify overbought and oversold conditions. The indicator is easy to use and can be a useful tool for traders looking to increase their profitability.
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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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