The DeMarker Indicator is a technical analysis oscillator developed by Tom DeMark that compares the most recent price action to the previous period's range to assess demand. Values above 0.7 suggest overbought conditions, while values below 0.3 indicate oversold conditions.
Example
“The DeMarker indicator dropped below 0.3 on the daily chart, signaling oversold conditions and prompting the trader to look for bullish reversal setups.”