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DeMarker Oscillator with Trend-Colored Buy and Sell Signals

Article MQL5 code base

Summary

The document describes an oscillator built from the DeMarker technical indicator. It presents the DeMarker values in purple and changes the surrounding cloud color to indicate the signal direction: blue for buying and red for selling. This offers a visual way to read the indicator alongside its directional interpretation.

The description gives no calculation details, entry or exit rules, thresholds, market context, or performance evidence. It therefore explains how to interpret the displayed colors but does not establish when the signals may be reliable or how they should be tested. Traders would need further documentation and independent evaluation before treating the color changes as a complete strategy.

Key ideas

  • The indicator displays values derived from the DeMarker oscillator.
  • The DeMarker line is shown in purple.
  • A blue cloud indicates a buy signal, while a red cloud indicates a sell signal.
  • The description provides no trading rules or evidence of performance.

Tags

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