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DeMark Indicators (ADVANCED)

  • #21
  • Oct 11, 2006 10:56pm Oct 11, 2006 10:56pm
I highly recommend reading TD's book "The New Science of Technical Analysis", i have it on my trading desk and refer to it often. As for the TD indicators? Last summer i was using a couple of them that created automatic TD lines and signals. I found even my then, newbee, TD understood line placement to be more accurate than the indicator's TD lines/signals so i ditched them. Not saying they don't have merrit or value, but for manual trading i would recommend reading the book and learning how to place them yourself : )

Cheers,
Thom
  • #22
  • Oct 11, 2006 11:13pm Oct 11, 2006 11:13pm
Tom Demark's indicators are second to none.

Particularly TD Sequential. The big boys use it religiously.
Mr. Trend
  • #23
  • Oct 12, 2006 10:25am Oct 12, 2006 10:25am
in the pdf about trendlines, he mentions that use with spot forex needs furthe research


but i have a question about countdown and sequential...where do these magic #s come from?
  • #24
  • Oct 12, 2006 1:29pm Oct 12, 2006 1:29pm
im writing a demark sequential indicator for metatrader, but i came across this article and now i have a question

http://www.tradertalk.com/tutorial/demark.html

Quote
A.Set Up Criteria

1.For a Buy signal. Nine consecutive daily price closes which are lower than the close four days earlier.

For a Sell signal. Nine consecutive daily price closes which are higher than the closes four days earlier.

2.An Absolute Prerequisite

The day prior to the first day of a nine consecutive set up sequence must:

for a buy signal have a close higher than or equal to the close four days earlier,

for a sell signal have a close lower than or equal to the close four days earlier.


i did not read about this prerequisite in the attached pdf articles. any demark experts out there that can comment on this being necessary?
  • #25
  • Oct 12, 2006 1:37pm Oct 12, 2006 1:37pm
I saw this prerequisite condition in the second pdf file. I think it can be used to start the counting for setups.



Quoting clam61
im writing a demark sequential indicator for metatrader, but i came across this article and now i have a question

http://www.tradertalk.com/tutorial/demark.html




i did not read about this prerequisite in the attached pdf articles. any demark experts out there that can comment on this being necessary?
Target: Trading naked.
  • #26
  • Edited 2:14pm Oct 12, 2006 1:43pm | Edited 2:14pm
also, during a countdown, can a new setup begin ?

if so, and i think so...it seems a bit harder to program correctly than i first thought



for example, say a setup completes now you begin the countdown..but what if during that countdown a new setup sequence begins? can that happen?
  • #27
  • Oct 12, 2006 3:29pm Oct 12, 2006 3:29pm
From the charts in the pdf, sometimes they have the countdown number and setup number on the same bar, so I guess it's ok. But I am no expert on this.


The impression I got from the first pdf was, countdown has to start after setup completes (and perfects?), what if a new setup (2nd setup) begins before the countdown completes (clam's question), what if the 2nd setup sequence completes before the 1st countdown completes, what if a setup sequence complete (the 9 th bar) and the 10th bar also qualify as a setup bar? Continue to count as the 1st setup? or just ignore it?
Target: Trading naked.
  • #28
  • Oct 12, 2006 4:16pm Oct 12, 2006 4:16pm
i tried going to barnes n noble to look for his book, but its not in stock

im in the process of writing an indicator for metatrader that will include all of this (the other sequential indicator in this thread does not include countdown)..but i need to find out the algorithm first. hope someone can help
  • #29
  • Oct 12, 2006 4:49pm Oct 12, 2006 4:49pm
You could take a look at the indicators I made in EA factory for reference. I am planning to modify it so it count bars one by one (less computation each time), what it is doing now is searching into the history to find if the current bar is at the completion of a setup and a countdown sequence, and give signals based on the results, but my understanding (not necessarily correct) of the algorithms are already there. maybe we can bounce some ideas on how the method should be interprated ...

aha


Quoting clam61
i tried going to barnes n noble to look for his book, but its not in stock

im in the process of writing an indicator for metatrader that will include all of this (the other sequential indicator in this thread does not include countdown)..but i need to find out the algorithm first. hope someone can help
Target: Trading naked.
  • #30
  • Edited 6:15pm Oct 12, 2006 6:01pm | Edited 6:15pm
Update: I had a bug, new version uploaded 4:23 PM PST

Based on these two articles

http://www.tradertalk.com/tutorial/demark.html
http://www.technicalanalyst.co.uk/de...0sequential%22

I wrote this indicator based on TD Sequential, including TD Setup and TD Countdown. However I need to be sure of the algorithm which at this point I am not. Two things I am unsure of:

1) For now I assumed that a sequential count can occur during a countdown, i.e. things can overlap.

2) Also, in my previous post I asked about the "absolute prerequisite". I was not sure what to do with this since this was not mentioned in the other TD Sequential article, but I included that in my code.

Perhaps a DeMark expert can comment on this.

For now the code behaves as such:


1. Since this is in development, I only made the code look for buy signals.

2. TD Setups (1-9 in red) are made disregarding the need for an "absolute prerequisite", however if an absolute prerequisite is found, a P is placed underneath.

3. An arrow below a 9 indicates that it is a "Perfection buy"

4. Countdowns are shown in green, with a checkmark under the 13th

5. Change the input variable "spacing" to adjust the amount of space between the #s and symbols. A spacing value of 20 equates to the amount of space that 20 pips takes on your chart.

6. I did not program the entry stage or stop losses setups that are talked about in the articles
Attached File(s)
File Type: mq4 TD Sequential2.mq4   5 KB | 5,701 downloads
  • #31
  • Oct 12, 2006 6:02pm Oct 12, 2006 6:02pm
btw, I will probably take out hte clutter later, or at least make it an option, but for now it is useful for debugging
  • #32
  • Oct 13, 2006 3:56am Oct 13, 2006 3:56am
Quoting aha
I saw this prerequisite condition in the second pdf file. I think it can be used to start the counting for setups.
but is it absolutely necessary to begin the countdown? i ask because in one pdf file it mentions nothing about it
  • #33
  • Oct 13, 2006 5:21am Oct 13, 2006 5:21am
Hello Friends,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

This is my first posting as a member of this website.<o></o>

I am intrigued by the interest generated by the Thomas DeMark book ‘The New Science of Technical Analysis’. I have this book with me for about one year, but I find it a tough read. <o></o>

This book is hardbound and is seldom used, just like new. Being outside <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1lace w:st="on"><st1:country-region w:st="on">America</st1:country-region></st1lace>, I can’t sell through Amazon.com. <o></o>

. I would be interested in selling this, if someone wants to buy this.I would be ready to sell a bit cheaper than the price available at Amazon.com, plus postage expenses.

kapanil
  • #34
  • Oct 13, 2006 6:11am Oct 13, 2006 6:11am
Hi,

Where can i get the correct Demark TD Sequential indicator and a description on how to use it?

Thanks.
QS
"Invest With The Insiders, Not The Masses" George Muzea
  • #35
  • Oct 13, 2006 7:14am Oct 13, 2006 7:14am
Quoting Qu|cksilver
Hi,

Where can i get the correct Demark TD Sequential indicator and a description on how to use it?

Thanks.
QS
Clam61, Quicksilver,

Hope this is of use to you,

Neil.
Attached File(s)
File Type: mq4 TD Sequential.mq4   3 KB | 3,967 downloads
  • #36
  • Oct 13, 2006 7:32am Oct 13, 2006 7:32am
Thanks Neil.
"Invest With The Insiders, Not The Masses" George Muzea
  • #37
  • Oct 13, 2006 9:28am Oct 13, 2006 9:28am
Quoting Neilg36
Clam61, Quicksilver,

Hope this is of use to you,

Neil.
neil, i have this, it doesnt really do TD Countdown or check for other criteria mentioned in the PDF for TD setup, etc., i.e. its missing a lot of stuff.
  • #38
  • Oct 13, 2006 10:04am Oct 13, 2006 10:04am
clam check your private messages

HK
  • #39
  • Oct 13, 2006 10:17am Oct 13, 2006 10:17am
Quoting clam61
neil, i have this, it doesnt really do TD Countdown or check for other criteria mentioned in the PDF for TD setup, etc., i.e. its missing a lot of stuff.
Ok, thanks clam61,

Sorry that it was of little benefit.

Neil.
  • #40
  • Oct 13, 2006 11:29am Oct 13, 2006 11:29am
Quoting clam61
1) For now I assumed that a sequential count can occur during a countdown, i.e. things can overlap.
Yes, you are correct. During the countdown phase, a new Setup phase can occur. Demark call this Recycling (two or more consecutive setups of the same kind). This means:
- you have to check all the time for a new setup
- determine which setup to be used for countdown (the most recent setup or ignore smaller-sized recycled Setups by comparing the differences between lowest true low and highest true high of both setups and choosing the setup with the bigger difference)
- Recycling will cancel one of those two Setups

Quoting clam61
2) Also, in my previous post I asked about the "absolute prerequisite". I was not sure what to do with this since this was not mentioned in the other TD Sequential article, but I included that in my code.
The "absolute prerequest" is in fact the signal to start a new Setup phase. A buy Setup is initiated where a price bar's close that is greater than the close four price bars earlier is immediately succeeded (on the next price bar) by a close that is less than the close four price bars earlier.
<C[4]< p>
The trend isyour friend untilis about to end...
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