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Help with Tom Demark indicator 27 replies

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Tom demark Trendlines

Quoting zackery
Anyone knows of an TD-Indicator that draws Trendlines from LOWER Timeframes in the HIGHER Timeframe?
i.E. if I like to show the Trendlines from the H1 in the H4 .
I appreciate any suggestions.
Thanks.
Greeds Zack
Here is the best indi so far. Just give it a try. Its advisable to read also Forex Trendline Strategy by Kelvin Lee.
He showed more insight on Demark trendline strategy.
Attached File
File Type: mq4 TD TRENDLINES.mq4   16 KB | 415 downloads
Hi guys,

I'm looking for Tom DeMark indicator (TDTL), but with a dotted line to show the previous lines (support and resistance).
  • Dray
    Joined Feb 2013
Hello,

I have this indicator Demark trend trader which I want to test in demo.This indicator has a alert function in it but I dont know why its not functioning.
It will be very useful,If anyone can see through the code and tell me whats wrong.
Attached File
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 190 downloads
Here is DeMark on D1, L2 TLs ...Always promising, and puzzling... Beguiling... To trail, or to use TPs? At times the TP levels look completely illogical... Has everyone abandoned this?????? SunTrader????????
Attached Image (click to enlarge)
Click to Enlarge Name: tdtll2.gif Size: 36 KB
which of the TD indicators would anyone consider the most reliable, the primary ones are the TD Sequential, I have them plotted on my ES chart but so far they are not what I expected, in most cases after a 9 count sequential on a Buy oe Sell set up, I have observed that the signals result into a loss, any comments from anyone on the best way to use these indicators would be appreciated
Hi, Im try to use Demark method but something I dont get it... A lot of times when price break one of the line and when I put a sell or buy stop below or above that candle, price reach that stop and then price back and go against me... How to filter the real break from tha fakes? I know the 3-4 qualifiers but its the same with them... For example I will put 2 pics and if you can, please comment it.
Attached Images (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 26 KB Click to Enlarge Name: usdchf.gif Size: 34 KB
You have those little pesky small range bars for Sunday trading throwing things off.

Also the qualifiers work but they are not infallible.
Quoting Pippopotamus
Here is DeMark on D1, L2 TLs ...Always promising, and puzzling... Beguiling... To trail, or to use TPs? At times the TP levels look completely illogical... Has everyone abandoned this?????? SunTrader????????
I am not a MT user so I can't comment on TP levels it plots.

But in any case I can say TP's are not always hit.
  • Dray
    Joined Feb 2013
Hello all,I was wondering if there is a modified version of demark trendline indicator which alers when the price closes below or above the trend line.
As in the original version it alerts when the price touches the trendline,which is not helpful.If there is such a modified version please post it here or guide me to the right place.

Cheers...
Hi everyone, can I ask you for little help?
I will attach 2 pics of USD/CAD first is daily and show me a up trend and we have a break of TD bottom line with first qualifier. But is against the trend so I didnt entry yet. On the second pic. is weekly chart we have a down trend and If you draw one trend line, will see that price is touch that trend line and bounce ( the price of weekly also is break upper TD line with second qualifier) So.. Im confused hire... First on daily is up trend but break down TD, on weekly is down trend but break the upper TD and bounce down from the trendline.... How to read the chart in such a moment?
Attached Images (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 80 KB Click to Enlarge Name: usdcadweekly.png Size: 72 KB
Quoting Dimkata
Hi everyone, can I ask you for little help?
I will attach 2 pics of USD/CAD first is daily and show .....
You only concern yourself with the timeframe you are trading.

Also trend only matters in that a qualified break is naturally expected to go counter-trend.
Quoting SunTrader
You only concern yourself with the timeframe you are trading.

Also trend only matters in that a qualified break is naturally expected to go counter-trend.
Sorry my english is not very well
So to avoid other time frames, and looking only one time frame, and the trend direction does not matter right?
Sun Trader, how exactly you trade with TD lines? Do you trade with EMA9,30 and momentum, or you use something other tools for filtering the breaks in addition to the 3 qualifiers?
Hello all
Need some help
What we do in this case?
We have a trandline from points A and B.
A and B (B is lower then A) are followed by C:
1. C is higher then B but lower then A? Do we extend the trendline and the new one is now made by A and C?
2. C is higher then A and B? We just ignore C?

Thanks


Edit:

One more question:
If the last TD point is level 3 (for example) do i must find back in history other level 3 point in order to create a valid TD line...meaning we are not allowed overlapping of levels.
If my last TD point is level 1 .. i must find back level 1 to connect it.
If my last TD point is level 2 .. i must find back level 2 to connect it.

Please can someone clear this
Quoting nikolayy
Hello all
Need some help
What we do in this case?
We have a trandline from points A and B.
A and B (B is lower then A) are followed by C:
1. C is higher then B but lower then A? Do we extend the trendline and the new one is now made by A and C?
2. C is higher then A and B? We just ignore C?

Thanks


Edit:

One more question:
If the last TD point is level 3 (for example) do i must find back in history other level 3 point in order to create a valid TD line...meaning we are not allowed overlapping of levels.
If my last TD point is...
++++++++++++++++++++++++++++++++

I'm not sure what you are asking in the last part of your question.

The Main thing to know and Always respect, is that Trend Lines should Never be used in isolation. In other words we always need to be aware of other levels of S/R, Supply/Demand, Daily, Weekly, Monthly Hi/Lows.

In my opinion, the ABC set up you're talking about;
• Once the candle has close about the B point, that Trend Line is broken. This usually means TL 'A to B' is no longer valid.*
..............* This example is what I consider an exception to what I just said. Red arrow shows price respecting TL extension.
• In this case the new Swing at point 'C' does come into play and creates new TL which seems to have a near perfect effect on price.
................- TL rejects price for 5 full M15 candle before breaking through, and then price takes off with great strength.

Hope this helps,
Darryl
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-03-19 at 10.14.54 AM.png Size: 27 KB
Quoting diamonddbw
The Main thing to know and Always respect, is that Trend Lines should Never be used in isolation. In other words we always need to be aware of other levels of S/R, Supply/Demand, Daily, Weekly, Monthly Hi/Lows.
This is incorrect.

TD Supply and Demand lines (plus using the qualifiers) are designed to be objective and can be used in isloation. He recommends his other techniques for entry/exit and if you like as additional confirmation but it is not neccessary if you prefer not to.
Quoting SunTrader
This is incorrect.

TD Supply and Demand lines (plus using the qualifiers) are designed to be objective and can be used in isloation. He recommends his other techniques for entry/exit and if you like as additional confirmation but it is not neccessary if you prefer not to.
++++++++++++++++++++++++++++++++

Thanks for your opinion.
Quoting diamonddbw
++++++++++++++++++++++++++++++++

Thanks for your opinion.
Not mine. From Tom DeMark's three books.
Quoting SunTrader
Not mine. From Tom DeMark's three books.
++++++++++++++++++++++++++++++++

So you have no opinion? You would just take any TL break?
Quoting diamonddbw
++++++++++++++++++++++++++++++++

So you have no opinion? You would just take any TL break?
I use them as DeMark recommends.

So I guess you can say my opinion is the same so then yes you could say I have an opinion.

If a TL is qualified I enter (if it isn't I fade) anticipated breakout direction regardless of what is happening on another timeframe.
If Seq or another of his techniques are present at that time the better. But TD TL's work standalone satisfactory.
Hi SunTrader,

Do you use others indicators together with TDTL ? And If yes, what settings ?

Regards,
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