SUPER EFFECTIVE Forex RSI DeMarker with Elliot Wave Oscillator Trading Software As Mechanical System

FREE DOWNLOAD Forex RSI DeMarker Trading System Software – The only thing that could make this system fail over the long term is you not sticking to the rules…….that’s it!

RSI-DeMarker-Forex

 

RSI DeMarker Super Position indicator for MetaTrader 4  –  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.
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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.

 

Forex RSI DeMarker with Elliot Wave Oscillator Trading 

 

The only thing that could make this system fail over the long term is you not sticking to the rules…….that’s it!

 

BUY Rules

RSI-DeMarker-Forex-BUY

 

  • Price upward above Kijun Sen line
  • Elliot Wave Oscillator Green and above 0 level
  • RSI DeMarker green histogram above 0 level
  • RSI DeMarker lines upward above 2 MA lines
  • Signal Trend green bars
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SELL Rules

RSI-DeMarker-Forex-BUY

  • Price downward below Kijun Sen line
  • Elliot Wave Oscillator red and below 0 level
  • RSI DeMarker green histogram below 0 level
  • RSI DeMarker lines downward below 2 MA lines
  • Signal Trend red bars


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