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MQL5 ReferenceStandard LibraryStrategy ModulesModules of Trade SignalsSignals of the Oscillator DeMarker 

Signals of the Oscillator DeMarker

This module of signals is based on the market models of the oscillator DeMarker. The mechanism of making trade decisions based on signals obtained from the modules is described in a separate section.

Conditions of Generation of Signals

Below you can find the description of conditions when the module passes a signal to an Expert Advisor.

Signal Type

Description of Conditions

For buying
  • Reverse behind the oversold level — the oscillator turned upwards and its value at the analyzed bar is behind the oversold level (default value is 0.3).

DeMarker - Buy Signal

 

  • Divergence — the first analyzed bottom of the oscillator is higher than the previous one, and the corresponding price bottom is lower than the previous one.

DeMarker - Buy Signal

 

  • Double divergence — the oscillator form three consequent bottoms, each of them is higher than the previous one; and the price formed three corresponding bottoms, and each of them is lower than the previous one.

DeMarker - Buy Signal

For selling
  • Reverse behind the overbought level — the oscillator turned downwards and its value at the analyzed bar is behind the overbought level (default value is 0.7).

DeMarker - Sell Signal

 

  • Divergence — the first analyzed peak of the oscillator is lower than the previous one, and the corresponding price peak is higher than the previous peak.

DeMarker - Sell Signal

 

  • Double divergence — the oscillator formed three consequent peaks, each of them is lower than the previous one; and the price formed three corresponding peaks, each of them is higher than the previous one.

DeMarker - Sell Signal

No objections to buying

Value of the oscillator grows at the analyzed bar.

No objections to selling

Value of the oscillator falls at the analyzed bar.

Note

Depending on the mode of operation of an Expert Advisor ("Every tick" or "Open prices only") an analyzed bar is either the current bar (with index 0), or the last formed bar (with index 1).

Adjustable Parameters

This module has the following adjustable parameters:

Parameter

Description

Weight

Weight of signal of the module in the interval 0 to 1.

PeriodDeM

Period of calculation of the oscillator.