Reading DeMarker Overbought and Oversold Levels Across Ten Timeframes

Summary

The document describes an indicator that displays the DeMarker oscillator across ten timeframes. For each timeframe, it uses the most recently completed bar and marks the oscillator’s state with a colored square: red when it is below the oversold threshold, light blue when above the overbought threshold, and gray when between those conditions. The display provides a compact way to compare oscillator readings across multiple horizons.

This is a description of a visualization tool, not a complete trading strategy. It does not specify threshold values, explain how to combine timeframe readings, or provide backtest or performance evidence. The indicator relies on a font-name library as a software dependency. Its signals summarize closed-bar oscillator values, so they do not describe the current unfinished bar or establish that a particular color predicts a price move.

Key ideas

• The indicator displays DeMarker readings from ten timeframes.
• It evaluates the last closed bar in each timeframe.
• Red marks readings below the oversold level, while light blue marks readings above the overbought level.
• Gray indicates readings between the two thresholds.
• The display summarizes oscillator states but does not define a complete trading rule.

Tags

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