DeMarker Super Position RSI indicator - an optimal combination of the best oscillators
RSI DeMarker Super Position indicator - is a compilation of two popular oscillators: indicators RSI and DeMarker.
It is no secret that the RSI and DeMarker indicators behave differently not only in uncertain situations on the chart, but also in relation to themselves with different periods of the indicators, so it is very useful for the trader to see this difference.
What does the RSI DeMarker Super Position indicator show:
- four RSI lines with different periods (the period change step is specified in the indicator parameters) form the average weighted part of the RSI indicator (the line of golden color);
- four DeMarker lines with different periods (the period change step is specified in the indicator parameters) form the average weighted part of the Demarker indicator (silver line);
- Due to the difference in RSI and DeMarker dimensions, the average readings are reduced to a single display system;
- Weighted average by RSI and DeMarker actually form a superposition of two indicators (black line)
- two superposition lines are superimposed on the superposition line moving averages (red and blue lines) for easier interpretation of readings;
- For a complete picture, the histogram of the difference between the average weighted RSI and DeMarker is displayed.
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