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DeMark Indicators (ADVANCED)

  • #1
  • First Post: Edited 9:12pm Oct 10, 2006 5:06pm | Edited 9:12pm
Sine Mouteki became a big hit we all started to learn about Thomas DeMark and a few have even read his book. Demark Indicators are a little more complex than just a few trend lines so if anyone wants to take a deeper look into it.

attached is little something I came across on DeMark's Sequential Indicator


turbo
Attached File(s)
File Type: pdf Impressive Signals From Demark.pdf   201 KB | 43,989 downloads
  • #2
  • Oct 10, 2006 5:27pm Oct 10, 2006 5:27pm
Thanks Turbo!
Trade what you see - Not what you think
  • #3
  • Oct 10, 2006 5:52pm Oct 10, 2006 5:52pm
Nice find, Turbo. Thanks!

I would highly recommend Demarks book, especially for those that are getting into the whole Mouteki thing. You'll see where he (Mouteki) came up with the system, although the book goes into more detail. It also covers the TD sequential, wave analysis, and other fun stuff.
  • #4
  • Oct 10, 2006 6:24pm Oct 10, 2006 6:24pm
Which book is it? He has 2 of them :

The New Science of Technical Analysis and New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion
Fdisk Please I just want a few pips. Is that too much to ask?
  • #5
  • Oct 10, 2006 6:25pm Oct 10, 2006 6:25pm
Quoting fdisk
Which book is it? He has 2 of them :

The New Science of Technical Analysis and New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion
I would recommend The New Science of Technical Analysis. I haven't read his other book.
  • #6
  • Oct 10, 2006 8:40pm Oct 10, 2006 8:40pm
While we're on the subject of his book, can I ask if the New Science of Technical Analysis is worth buying? I was thinking of buying it almost a year ago based on the stellar reviews, but upon looking at them closer, EVERY SINGLE REVIEW ON AMAZON, with the exception of two, were fake! The only two non-fake reviews were less than flattering. I don't know if the situation has changed since then, but it made me skeptical of TDM to say the least.

I'll take your guys' word for it if you say it is in fact a good book, I just don't want to throw money down the drain on a sham of a book. Also, is the book even worth getting if your'e familiar with "Mouteki's" method?
  • #7
  • Oct 10, 2006 8:42pm Oct 10, 2006 8:42pm
DeMark is not for manual counting bars on the screen. It's easy to get tired, lost, and confused
but this is a perfect basis to code an indicator in MQL. Volunteers? Anyone?
  • #8
  • Oct 10, 2006 8:55pm Oct 10, 2006 8:55pm
Can someone check if this mq4 is the correct one ?
Attached File(s)
File Type: mq4 TD Sequential.mq4   3 KB | 9,752 downloads
The future depends on what we do in the present.
  • #9
  • Oct 10, 2006 9:15pm Oct 10, 2006 9:15pm
Countertrend forex trading w/ TD SEQUENTIAL from Jan 05 Currency Trader
Attached File(s)
File Type: pdf TD SEQUENTAIL.pdf   246 KB | 24,763 downloads
  • #10
  • Oct 10, 2006 9:16pm Oct 10, 2006 9:16pm
Drawing objective trendlines: TD Lines from Sept. 06 Currency Trader
Attached File(s)
File Type: pdf TD LINES.pdf   388 KB | 20,012 downloads
  • #11
  • Edited 10:02pm Oct 10, 2006 9:25pm | Edited 10:02pm
If you like Mouteki's method I highly recommend you getting the book just do to the simple fact Mouteki got his method from DeMark. Not to mention Mouteki has only been trading for three years and considering the the time line Mouteki came out and "Drawing objective trendline: TD Lines" came out. You just might want to have a look at what the guy has to say about his own system. Plus you will find a lot more good stuff in the book you might find usefull



Quoting Loki
While we're on the subject of his book, can I ask if the New Science of Technical Analysis is worth buying? I was thinking of buying it almost a year ago based on the stellar reviews, but upon looking at them closer, EVERY SINGLE REVIEW ON AMAZON, with the exception of two, were fake! The only two non-fake reviews were less than flattering. I don't know if the situation has changed since then, but it made me skeptical of TDM to say the least.

I'll take your guys' word for it if you say it is in fact a good book, I just don't want to throw money down the drain on a sham of a book. Also, is the book even worth getting if your'e familiar with "Mouteki's" method?
  • #12
  • Oct 10, 2006 9:33pm Oct 10, 2006 9:33pm
I would also highly suggest his daytrading options book as well.
Mr. Trend
  • #13
  • Oct 10, 2006 9:52pm Oct 10, 2006 9:52pm
Big thx for the book bro..it help a lot.
  • #14
  • Oct 11, 2006 2:15am Oct 11, 2006 2:15am
Quoting compro99
Can someone check if this mq4 is the correct one ?
Hi Compro and all who have downloaded and tried this mq4,

I've tried it and also looked at the codes, I'm afraid it is not complete.

The mq4 numbers the TD setup up to 9 (and beyond??? TD only requires
up to 9). This part is fine.

BUT, according to TD, this is only the setup. We still need
to follow on by counting the TD countdown before the TD Sequential
is considered completed.

So, anyone here can help to complete the puzzle? http://www.forexfactory.com/forexfor...ons/icon12.gif

Cheers!
  • #15
  • Oct 11, 2006 10:25am Oct 11, 2006 10:25am
I didn't have a chance to look at the code yet, but are you sure that the numbers that go higher than 9 aren't the TD Countdown? I'll open the indicator up in MT4 when I get home, but I just thought I'd check. I do remember them being in a different font/size.
  • #16
  • Oct 11, 2006 11:25am Oct 11, 2006 11:25am
Quoting fdisk
Which book is it? He has 2 of them :

The New Science of Technical Analysis and New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion
Actualy, i have found 3 books. I would recomend DeMark on daytrading options, because presents more detailed the indicators. But is also good New Science of Technical Analysis.
The trend isyour friend untilis about to end...
  • #17
  • Oct 11, 2006 6:39pm Oct 11, 2006 6:39pm
Yeah, it has only the setup searching part of the code.


Quoting fjfx
Hi Compro and all who have downloaded and tried this mq4,

I've tried it and also looked at the codes, I'm afraid it is not complete.

The mq4 numbers the TD setup up to 9 (and beyond??? TD only requires
up to 9). This part is fine.

BUT, according to TD, this is only the setup. We still need
to follow on by counting the TD countdown before the TD Sequential
is considered completed.

So, anyone here can help to complete the puzzle? http://www.forexfactory.com/forexfor...ons/icon12.gif

Cheers!
Target: Trading naked.
  • #18
  • Oct 11, 2006 6:51pm Oct 11, 2006 6:51pm
I made two trend reversal indicators based on the pdf and will post them on EA factory thread. But I am not so sure if my understanding to the pdf is correct, the success rate of the signals was definitely smaller than 70%.

I haven't implement the SL calculation yet. If you guys can help me debug the indicator and make the accuracy more like 70%, I will continue to improve it and maybe later even implement an EA on it.
Target: Trading naked.
  • #19
  • Oct 11, 2006 7:47pm Oct 11, 2006 7:47pm
Has anyone actually made live trades with this method? I have used this method for stocks but not forex. The issue rises becuase he states in his book that you review the open of the following day based on the close of the prior. You really can't do that in forex.
  • #20
  • Oct 11, 2006 8:35pm Oct 11, 2006 8:35pm
Quoting PTOURNIS
Has anyone actually made live trades with this method? I have used this method for stocks but not forex. The issue rises becuase he states in his book that you review the open of the following day based on the close of the prior. You really can't do that in forex.
I haven't made any trades based on this method yet, just testing.

But, if you read the article posted by turbokaos in Post 1, TD is
being used for FX. The article even boasts 90% accuracy.

I've done a little bit of testing with cable and euro, but I find the signals
few and far between.
But, I admit I'm doing it manually (no code or EA). It's extremely tedious
and frustrating. Hoping Aha can come up with the code soon.

Anyone else here can share their experience
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