Combining RSI and DeMarker as a Color Histogram Signal

Summary

This indicator combines the Relative Strength Index and DeMarker into an averaged histogram intended to show changes in asset direction. Its stated interpretation is that a rising indicator with green bars accompanies growth, while a falling indicator with pink bars indicates decline. A change in histogram color is presented as a possible trade timing cue.

The description provides a qualitative signal interpretation, but no calculation details, parameter settings, tested markets, or performance evidence. It does not specify how to confirm a color change, manage a position, or handle false signals and lag. The implementation depends on a separate smoothing library, so the text alone is not enough to reproduce the indicator exactly. Treat the color transitions as a technical indicator idea to evaluate, rather than as evidence of a reliable standalone trading strategy.

Key ideas

• The indicator combines RSI and DeMarker into an averaged histogram.
• Green bars with a rising reading are associated with asset growth in the description.
• Pink bars with a falling reading are associated with asset decline.
• A histogram color change is proposed as a potential trade timing signal.
• The description gives no performance tests or complete calculation specification.

Tags

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