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Gauss Marker 4

Gauss Marker is developed to detect oversold/overbought markets by comparing Gaussian weighted prices series.

This indicator is most effective when used with a DeMarker based systems. If both indicators move synchronously, there is an emerging trend. But if Gauss Marker enters an oversold/overbought zone, and DeM doesn't follow it, this signals a reverse of the tendency.

To increase the effectiveness by filtering false price spikes, the J-smoothing option has been added.

The MetaTrader 5 version is also available: https://www.mql5.com/en/market/product/1602

2017.03.15 08:07 

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Maksym Mudrakov
2016.08.31 08:13 

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Version 1.1 - 2015.01.07
Fixed detected bugs