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Multi-Timeframe DeMarker Trend Indicator

Article MQL5 code base

Summary

This indicator displays DeMarker oscillator conditions across ten timeframes to give a compact view of current market trends. Each line represents an indicator on a separate timeframe. Its color marks whether the oscillator is below the oversold threshold, above the overbought threshold, or between those levels: red, blue, or gray, respectively.

Colored dots indicate when a bar changes on the corresponding timeframe. This makes the display useful for observing how extreme or neutral readings align across time horizons. The document describes the indicator’s visual logic but does not provide entry or exit rules, parameter values, performance tests, or risk controls. Its signals therefore need interpretation and independent evaluation before they are used in a trading strategy.

Key ideas

  • The indicator displays DeMarker oscillator readings from ten separate timeframes.
  • Each timeframe has its own line, colored according to whether its reading is below, above, or between the stated thresholds.
  • Dots mark a new bar on the corresponding timeframe.
  • The description provides no tested 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.