Introduction to the Demark V1.01 Indicator
The Demark V1.01 indicator is a technical analysis tool that is used to predict short-term price action based on changes in intra-day highs and lows.
It’s a handy gauge to time market entry points and exit points.
The indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Additionally, in the top left corner of the chart you will find time left for current candle to close.
How to set up the Demark V1.01 indicator in MT4?
Copy and paste the demark-v1-01-indicator.ex4 or demark-v1-01-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Demark V1.01 indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Demark V1.01 Indicator Free Download
To download the Demark V1.01 Indicator for Metatrader 4 (MT4) for free just click the button below: