Author: Cronex
The RSI and DeMarker indicators are vital tools for any trader. However, constantly switching between periods and parameters can be a real hassle when you’re trying to analyze market trends.
Enter the Cronex Super Position indicator. This powerful tool is designed to streamline your analysis by bringing together the insights from both the RSI and DeMarker indicators in one cohesive view.
The Cronex Super Position does several things:
- It calculates four different RSI lines based on varying periods (the period settings can be adjusted in the indicator's parameters) to create a weighted average.
- Similarly, it computes four DeMarker lines that also vary in periods, leading to another weighted average.
- The results from both averages are unified for easy interpretation, taking into account the differences between RSI and DeMarker.
- This unique superposition of the two indicators is based on their weighted averages, providing a clearer picture of market dynamics.
- For better analysis, two moving averages (MAs) are displayed on the superposition line.
- The histogram visualizes the difference between the weighted averages of RSI and DeMarker, giving you a complete overview of the situation.
In essence, this indicator combines characteristics of different periods and dynamics. It’s common knowledge that RSI and DeMarker can behave quite differently during uncertain market conditions and in relation to their various periods. Thus, having a tool to visualize these differences can be incredibly insightful.
The Cronex Super Position indicator utilizes the СMoving_Average class from the SmoothAlgorithms.mqh library. You can find more details about this class in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Originally, this indicator was implemented in MQL4 and posted on CodeBase back on January 14, 2008.
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