Cronex T DeMarker GFC
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This script is a sophisticated technical analysis tool designed for the MetaTrader platform to help traders identify momentum trends and potential reversals in financial markets. By blending a traditional oscillator with advanced smoothing mathematics, it aims to provide a clearer picture of market behavior than standard indicators alone.
Core Logic and Mechanics
1. Multi-Layered Data Averaging The tool begins by analyzing the "DeMarker" oscillator, a standard metric used to measure momentum. However, instead of relying on a single snapshot of data, this script calculates an average across four different time offsets simultaneously. This "multi-step" approach helps filter out "market noise"—those small, erratic price movements that can often trigger false signals—resulting in a more stable base reading.
2. Advanced Signal Smoothing (The "GF" Logic) Once the base data is collected, the script applies a unique smoothing process. It uses a series of complex mathematical weights to create a secondary signal line. This transformation is designed to:
- Reduce lag (the delay between a price move and an indicator reaction).
- Provide a "curved" trajectory that more naturally mimics organic market flows.
- Create a distinct baseline against which the current momentum can be measured.
3. Automated Signal Identification The script identifies specific trading opportunities by monitoring the relationship between the primary momentum line and the smoothed signal line:
- Cross-Up Signals: When the momentum line climbs above the signal line, it suggests that bullish strength is accelerating.
- Cross-Down Signals: When the momentum line drops below the signal line, it indicates that bearish pressure is taking over.
4. Divergence Tracking Beyond simple crosses, the tool includes a "Divergence" logic. It measures the gap between the raw momentum and the smoothed signal. By tracking whether this gap is expanding or contracting, the script helps traders visualize the intensity of a move. This allows for an early warning system: if price is moving in one direction but the momentum gap is shrinking, it may indicate that the current trend is losing "fuel."
Visual Representation
The indicator provides several visual cues on the chart to assist the user:
- Lines: Display the primary momentum and the smoothed signal line for general trend tracking.
- Arrows: Automatically appear at specific points where the momentum line crosses the signal line, highlighting potential entry or exit zones.
- Histograms: Visually represent the divergence moves, showing the magnitude of the difference between the momentum and its smoothed counterpart.
//+------------------------------------------------------------------+
//| Cronex T DeMarker GF.mq4 |
//| Copyright © 2009, 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 6
#property indicator_color1 DarkOrange
#property indicator_color2 DodgerBlue
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_color5 Green
#property indicator_color6 Red
#property indicator_width1 2
#property indicator_level1 20
#property indicator_level2 10
#property indicator_level3 -10
#property indicator_level4 -20
//---- 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 DiverTBuffUP[];
double DiverTBuffDN[];
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);
SetIndexStyle(5,DRAW_HISTOGRAM);
SetIndexEmptyValue(0,0.0);
SetIndexEmptyValue(1,0.0);
SetIndexEmptyValue(2,0.0);
SetIndexEmptyValue(3,0.0);
SetIndexEmptyValue(4,0.0);
SetIndexEmptyValue(5,0.0);
SetIndexArrow(2,217);
SetIndexArrow(3,218);
//---- indicator buffers mapping
SetIndexBuffer(0,DeMarkerTBuffer);
SetIndexBuffer(1,DeMarkerBuffer);
SetIndexBuffer(2,CrossUpTBuffer);
SetIndexBuffer(3,CrossDnTBuffer);
SetIndexBuffer(4,DiverTBuffUP);
SetIndexBuffer(5,DiverTBuffDN);
//---- 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 move UP");
SetIndexLabel(5,"Divergence move DN");
//---- 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 T DeMarker GFC |
//+------------------------------------------------------------------+
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];
}
DiverTBuffUP[i]=0.0;
DiverTBuffDN[i]=0.0;
if (DeMarkerBuffer[i]-DeMarkerTBuffer[i]>DeMarkerBuffer[i+1]-DeMarkerTBuffer[i+1])
{
DiverTBuffUP[i]=DeMarkerBuffer[i]-DeMarkerTBuffer[i];
}
else
{
DiverTBuffDN[i]=DeMarkerBuffer[i]-DeMarkerTBuffer[i];
}
}
//---- done
return(0);
}
//+------------------------------------------------------------------+
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