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A DeMarker-Based TSI Oscillator with a Colored Signal Cloud

Article MQL5 code base

Summary

This document describes TSI_DeMarker, an oscillator that derives its values from the DeMarker technical indicator. It includes its own signal line, displayed as a colored cloud. The description identifies MetaQuotes as the author and notes a dependency on the SmoothAlgorithms library, whose classes must be placed in the terminal’s MQL5 include folder.

The page provides only a brief description of the indicator and its installation requirement. It does not specify the calculation formula, explain what the cloud’s colors mean, define entry or exit rules, or provide charts or performance evidence. As a result, it introduces the indicator’s construction at a high level but does not establish how its signals should be used or whether they are effective in any market or timeframe.

Key ideas

  • TSI_DeMarker is an oscillator based on DeMarker indicator values.
  • The indicator includes a signal line displayed as a colored cloud.
  • Its implementation depends on the SmoothAlgorithms library being available in the terminal’s include folder.
  • The document does not define the color signals or provide trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.