As a rule it takes a lot of time to switch between periods and indicator parameters for comparing their behavior and detecting a true indicator development dynamics.
The indicator was developed after the working area was filled by a set of standard indicators with different parameters.
What is calculated:
- four RSI lines with different periods (the period change step is specified in the indicator parameters) constitute a weighted average of the indicator upon RSI;
- four DeMarker lines with different periods (the period change step is specified in the indicator parameters) constitute a weighted average of the indicator upon DeMarker;
- because of the difference of RSI and DeMarker dimensions, the values of averages are reduced to a common way of displaying;
- the moving average upon RSI and DeMarker constitute a super position upon two indicators;
- two MA lines are attached to the super position line for an easier interpretation of values;
- for a better visualization, a histogram of difference between RSI and DeMarker weighted averages is shown.
The result is: one indicator contains two values of different periods and different dynamics.
RSI and DeMarker behave differently not only in different situations on a chart, abut also towards themselves with different indicator periods. I think, it is useful to see this difference.
In addition to this, a smoothing of the superposition line can be introduced.
MT4 Indicators – Download Instructions
RSI DeMarker Super Position is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
RSI DeMarker Super Position provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install RSI DeMarker Super Position.mq4?
- Download RSI DeMarker Super Position.mq4
- Copy RSI DeMarker Super Position.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on RSI DeMarker Super Position.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator RSI DeMarker Super Position.mq4 is available on your Chart
How to remove RSI DeMarker Super Position.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: RSI DeMarker Super Position