Is there a lvl2 Tom DeMark points indicator

Quoting TheWicker

Do you mean fractals?

It's already programed into metatrader4. Insert > Indicators > Bill Williams > Fractals

Quoting Skyhr

Hey, is there an indicator that just marks lvl2 Tom DeMark points - the 2 on right and 2 on left points we use for Mouteki?

I just want it to mark it. And I don't know how to program, so if there is one already available, that'd be great.

Thanks


BTW, if anyone can point me to where I _can_ learn to program MetaEditor, all the syntax and stuff, that'd be great. I know how to program just not the metaeditor language (like the language for charting, etc)

Quoting salpoe

This marks candles with red and blue dots - you draw trend line manually.

Quoting Skyhr

Yeah, thanks a lot. I searched the forum and found that, too.

I should really get into this Tom Demark and his sequentials and stuff. But I'm trying to read James's stuff first so, I'll do that later.

Quoting salpoe

the trend line trades work very well (83 percent) when you use other price action confirmation with it...i did testing with and without supporting confirmation. the 83 is with and its 47 percent without.

Quoting Stogie

Here's the indicators I think you are looking for. If you use the shi channel with it, you will have a better idea if the breakout is real or not. In other words, if the price is at the bottom of the shi channel and it breaks out of the top of the demark indicator, theres a pretty good chance its a real breakout. If it breaks out of the bottom, I would have to sit and watch it.

Quoting Skyhr

I see, I see. Basically, you're trading Mouteki where the price is breaking towards the middle of the SHI channel (assuming price began from top or bottom) and you don't trade where the price breaks AWAY from the SHI channel.

Am I correct in understanding this?