Cronex T DeMarker GF
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The Cronex T DeMarker GF is a sophisticated technical analysis tool designed to help traders identify market momentum, potential trend reversals, and price-action discrepancies. It works by transforming raw market data into a smoother, more readable visual signal that filters out "market noise" while highlighting critical turning points.
Core Mechanics
1. Data Smoothing and Averaging The script begins by calculating the DeMarker oscillator—a standard tool used to measure momentum. However, instead of relying on a single data point, this indicator takes an average of four different measurements across specific intervals. This multi-point averaging helps ensure that the resulting data is more stable and less prone to erratic spikes caused by temporary market volatility.
2. Advanced Signal Filtering (The "T" Component) Once the basic momentum data is collected, the script applies a complex mathematical smoothing process. It uses a series of weighted calculations (based on a specific curvature factor) to generate a "Signal Line."
- Think of this as a "moving average" for the momentum itself.
- The goal here is to create a secondary line that moves more slowly and smoothly than the primary data, allowing for clearer identification of where the trend is actually heading.
3. Automated Signal Detection By comparing the raw momentum data against the smoothed signal line, the indicator automatically identifies "crosses." These are specific moments when the momentum pushes past its average:
- Upward Crosses: When the momentum moves from below the signal line to above it, it can indicate a shift toward bullish strength.
- Downward Crosses: When the momentum drops from above the signal line to below it, it can suggest a shift toward bearish pressure.
4. Divergence Tracking The script also calculates the "distance" between the raw data and the smoothed signal line. This provides traders with a visual representation of divergence—situations where the price movement and the underlying momentum are moving out of sync. Large gaps or specific patterns in this distance can often precede significant price reversals.
Summary for Traders
In practical terms, this indicator serves as a "filter" for market sentiment. By smoothing out the jagged edges of standard momentum oscillators, it provides you with:
- Cleaner Entry/Exit Points: Identifying where momentum is truly shifting rather than just fluctuating.
- Trend Confirmation: Helping to distinguish between a temporary price blip and a sustained change in market direction.
- Visual Alerts: Using specific markers (arrows) to highlight exactly when the primary momentum has crossed the signal line, making it easier to spot potential trading opportunities at a glance.
//+------------------------------------------------------------------+
//| Cronex T DeMarker GF.mq4 |
//| Copyright © 2008, Cronex. |
//| http://www.metaquotes.net/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2008, Cronex"
#property link "http://www.metaquotes.net/"
//---- indicator settings
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_color1 DarkOrange
#property indicator_color2 DodgerBlue
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_color5 SlateGray
#property indicator_width1 2
//---- indicator parameters
extern int DeMarker=24;
extern int DeMStep=4;
extern double Curvature=0.618;
//---- indicator buffers
double DeMarkerBuffer[];
double DeMarkerTBuffer[];
double CrossUpTBuffer[];
double CrossDnTBuffer[];
double DiverTBuffer[];
double e1,e2,e3,e4,e5,e6;
double c1,c2,c3,c4;
double n,w1,w2,b2,b3;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_ARROW);
SetIndexStyle(3,DRAW_ARROW);
SetIndexStyle(4,DRAW_HISTOGRAM);
SetIndexArrow(2,217);
SetIndexArrow(3,218);
//---- indicator buffers mapping
SetIndexBuffer(0,DeMarkerTBuffer);
SetIndexBuffer(1,DeMarkerBuffer);
SetIndexBuffer(2,CrossUpTBuffer);
SetIndexBuffer(3,CrossDnTBuffer);
SetIndexBuffer(4,DiverTBuffer);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("Cronex T DeMarker GF("+DeMarker+")");
SetIndexLabel(0,"DeMarker GF");
SetIndexLabel(1,"DeMarker Smoothed");
SetIndexLabel(2,"Cross UP");
SetIndexLabel(3,"Cross Dn");
SetIndexLabel(4,"Divergence");
//---- variable reset
e1=0; e2=0; e3=0; e4=0; e5=0; e6=0;
c1=0; c2=0; c3=0; c4=0;
n=0;
w1=0; w2=0;
b2=0; b3=0;
//
b2=Curvature*Curvature;
b3=b2*Curvature;
c1=-b3;
c2=(3*(b2+b3));
c3=-3*(2*b2+Curvature+b3);
c4=(1+3*Curvature+b3+3*b2);
n=DeMarker;
//
if (n<1) n=1;
n=1 + 0.5*(n-1);
w1=2/(n + 1);
w2=1 - w1;
//----
//---- initialization done
return(0);
}
//+------------------------------------------------------------------+
//| Cronex DeMarker |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars=IndicatorCounted();
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=300;
//---- DeMarker counted in the 1-st buffer
for(int i=limit; i>=0; i--)
{
DeMarkerBuffer[i]=(
iDeMarker(NULL,0,DeMarker+DeMStep*0,i)+
iDeMarker(NULL,0,DeMarker+DeMStep*1,i)+
iDeMarker(NULL,0,DeMarker+DeMStep*2,i)+
iDeMarker(NULL,0,DeMarker+DeMStep*3,i))*100/4-50;
e1=w1*DeMarkerBuffer[i] + w2*e1;
e2=w1*e1 + w2*e2;
e3=w1*e2 + w2*e3;
e4=w1*e3 + w2*e4;
e5=w1*e4 + w2*e5;
e6=w1*e5 + w2*e6;
//
DeMarkerTBuffer[i]=c1*e6 + c2*e5 + c3*e4 + c4*e3;
}
//---- signal line counted in the 2-nd buffer
/* */
for(i=limit; i>=0; i--)
{
if (DeMarkerBuffer[i+1]<=DeMarkerTBuffer[i+1] && DeMarkerBuffer[i]>DeMarkerTBuffer[i])
{
CrossUpTBuffer[i]=DeMarkerTBuffer[i];
}
if (DeMarkerBuffer[i+1]>=DeMarkerTBuffer[i+1] && DeMarkerBuffer[i]<DeMarkerTBuffer[i])
{
CrossDnTBuffer[i]=DeMarkerTBuffer[i];
}
DiverTBuffer[i]=DeMarkerBuffer[i]-DeMarkerTBuffer[i];
}
//---- done
return(0);
}
//+------------------------------------------------------------------+
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