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Combining Five DeMarker Oscillators into a Weighted Indicator

Article MQL5 code base

Summary

This note describes a color Zero Lag DeMarker variant built from five DeMarker indicators. Its adjustable input variables include factors that determine the unit weight contributed by each numbered DeMarker to the overall indicator value. The description presents this as a combined oscillator, but it does not specify the individual DeMarker periods, the weighting formula, the color rules, or how the resulting values should be interpreted as trading signals.

All variables are exposed as indicator inputs, allowing users to configure the component indicators and their contributions. The document cautions that the inputs are interdependent and should be adjusted carefully. It provides no chart evidence, signal examples, performance results, or rules for entry, exit, or risk control. As a result, it introduces the composite indicator’s structure and tuning consideration, while leaving its behavior and usefulness to be established through further documentation and testing.

Key ideas

  • The indicator combines five DeMarker indicators into one oscillator.
  • Factor inputs control the relative contribution of each numbered DeMarker to the total.
  • Indicator variables are editable through the input settings.
  • The inputs interact, so changing one may affect the behavior of the combined indicator.
  • The description gives no 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.