tom demark moving average
Info
The tom demark moving average is a Indicator for MetaTrader 5 that indicator tom_demark_moving_average is the moving average based on demark's statements regarding trend identification. it has two configurable parameters:trend period- a period to identify the trend;sma period- calculation period.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use tom demark moving average
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
indicator tom_demark_moving_average is the moving average based on demark's statements regarding trend identification.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Relative Moving Average (RMA) Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
indicator tom_demark_moving_average is the moving average based on demark's statements regarding trend identification.it has two configurable parameters:
trend period
- a period to identify the trend;
sma period
- calculation period. operation algorithm
probable trend is identified first. if the current low (bullish trend) or high (bearish trend) is higher (for low) or lower (for high) of the previous low or high within trend period (12 bars by default), it means that the pressure by bears/bulls decreases and the up/down trend is probable;
as long as condition 1 is met, the line of the up/down trend line of td ma is drawn within four bars. if within four bars the price fixes the next minimum/maximum within trend period, then td ma will continue the next four bars;
if the conditions for bullish or bearish trend are not met, a horizontal line is drawn in the color of the last trend line.
td ma = sma(sma period, price_low) - for bullish trend;
td ma = sma(sma period, price_high) - for bearish trend.
You may also like: multi-timeframe moving average indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.