Smoothed DeMarker Volume Histogram with Dynamic Thresholds

Summary

The document describes a DeMarker histogram indicator that incorporates volume and applies additional averaging to both the resulting histogram and its dynamic overbought and oversold levels. Its settings allow the user to choose the DeMarker period, volume input, smoothing method and length, and the threshold levels. A phase parameter supports particular smoothing algorithms, while a shift setting moves the plotted indicator horizontally by bars. The description identifies tick volume as the default volume input and gives example threshold settings.

This is an implementation-oriented indicator description rather than a trading rule. It does not state how histogram crossings or threshold breaches should be interpreted, nor does it provide market examples, performance evidence, or backtesting. The indicator also depends on an external smoothing library for MetaTrader, so reproducing it requires that dependency and compatible platform setup. The document explains configurable components, but leaves signal design and validation to the user.

Key ideas

• The indicator applies smoothing to a volume-based DeMarker histogram and to its dynamic threshold levels.
• The user can configure the DeMarker period, volume source, smoothing approach, and smoothing length.
• The settings include multiple overbought and oversold levels and a horizontal bar shift.
• The indicator depends on an external smoothing library for its implementation.
• The document gives no trading interpretation or performance evidence.

Tags

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