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DeMarker

Are the highs or the lows doing the moving? The DeMarker from 0 to 1, from your bars.

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The bars

The DeMarker

The 14-bar DeMarker is 0.79, in the overbought zone (0.70 or more): the highs have been rising far more than the lows have been falling.

The direction: It was 0.75 on the bar before, so it is rising. Over the last 14 bars the highs rose by 7.807 a bar on average and the lows fell by 2.036: 7.807 / (7.807 + 2.036) = 0.79.
The zones: It was last overbought on the last bar, and last oversold 35 bars ago. Of the 66 readings, 13 were overbought and 4 oversold.
What followed: 1 move into the oversold zone, after which the close 5 bars later was higher 1 time; 2 moves into the overbought zone, after which the close 5 bars later was lower 1 time. A handful of cases proves nothing either way: test years of your own market before leaning on a level.
Read it with care: Overbought means the highs have been doing most of the moving, not that the price must fall; in a strong trend the DeMarker can stay above 0.70 or below 0.30 for a long time. The 0.30 and 0.70 levels are a convention, not a rule.

The close and the 14-bar DeMarker on the last bars. A dash means no reading. The last bar is marked.

Bar	Close price	DeMarker
5 ago	2,399.10	0.77
4 ago	2,412.50	0.75
3 ago	2,430.80	0.71
2 ago	2,427.40	0.73
1 ago	2,432.40	0.75
Last	2,443.60	0.79

Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning

Educational only, not financial advice; trading involves risk.

Highs against lows

The DeMarker, from Tom DeMark, compares how far each bar's high rose above the high before it with how far its low fell below the low before it. Averaged over a window, the rises are divided by the rises plus the falls, so the reading runs from 0 to 1: near 1 the highs have done nearly all the moving, near 0 the lows. Readings of 0.70 or more are commonly called overbought and 0.30 or less oversold. Unlike the RSI it looks at highs and lows, not closes. DeMarker is a trademark of its owner; this free page is independent, follows the commonly published formula, and is not affiliated with or endorsed by Tom DeMark.

Compare it with the RSI calculator, the Williams %R and the stochastic oscillator.

Not advice. Arithmetic on the bars you type; past readings do not promise future ones.