DeMark Trend Lines, Channels, and Signal Cancellation

Summary

This indicator plots DeMark trend lines alongside channels and price targets. The author describes adding a third target based on 1.62 times an inner extremum and cancelling a signal when the close returns inside the channel.

The document offers only a brief feature description; it does not explain the calculations, parameter choices, or how signals should guide trades. It provides no performance evidence or testing details, so traders would need the underlying implementation and independent evaluation to assess its behavior.

Key ideas

• The indicator draws channels in addition to DeMark trend lines and targets.
• It adds a third target calculated from an inner extremum using a 1.62 multiplier.
• A signal is cancelled when the closing price falls within the channel.
• The description gives no backtest evidence or detailed trading rules.

Tags

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