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Mouteki/Demark Trendlines 19 replies

[Book Discussion] Thomas R Demark - New Science of Technical Analysis - Chapter 1 30 replies

DeMark Indicators 34 replies

modify Mouteki/ Demark _trend _new indicator? 62 replies

Anyone following Tom DeMark's methods? 2 replies

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DeMark Indicators (ADVANCED)

  • #41
  • Oct 13, 2006 11:33am Oct 13, 2006 11:33am
Quoting clam61
but is it absolutely necessary to begin the countdown? i ask because in one pdf file it mentions nothing about it
TD Sequential is made of three phases:
1. Setup phase
2. Intersection phase (used only for stocks??? i have to check more on this)
3. Countdown phase

Setup and Countdown are the most important.
The trend isyour friend untilis about to end...
  • #42
  • Oct 13, 2006 12:10pm Oct 13, 2006 12:10pm
Hello all,

Can someone modify the Demark_trend_new indicator, so that instead of putting red/blue circles above the appropriate swing highs/lows it actually changes the candles themselves to those colors. Here is an example:

(Please ignore the numbers, arrows, and lines, look at the candles to see what I mean)...

<!-- / message --><!-- attachments -->
Attached Image
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 5,025 downloads
  • #43
  • Oct 13, 2006 3:29pm Oct 13, 2006 3:29pm
Hi All,

I've installed the "Demark trend new.mq4" indicator from Horace Kent's post #42, and it looks very promising.

However, trading has closed for the weekend so I don't yet know how it acts in REAL TIME. That is, whether it lags, appears and then disappears OR, hopefully, predicts accurately.

Thanks Horace, and a good weekend for All!

Regards,

Grahame.
  • #44
  • Oct 13, 2006 3:40pm Oct 13, 2006 3:40pm
Quoting hans_gregor
- 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)<c [4="">
do you have the new science of technical analysis? i dont remember this part.

sigh...lots of hard work. has anyone used this thing successfully? seems hard to believe that 9 and 13 are magic #s for all types of stocks, commodities and currencies. it seems like the concept is good, but ud have to fudge with the #s for each thing you trade
</c>
  • #45
  • Oct 13, 2006 3:42pm Oct 13, 2006 3:42pm
No worries dude.
Quoting Grahame
Hi All,

I've installed the "Demark trend new.mq4" indicator from Horace Kent's post #42, and it looks very promising.

However, trading has closed for the weekend so I don't yet know how it acts in REAL TIME. That is, whether it lags, appears and then disappears OR, hopefully, predicts accurately.

Thanks Horace, and a good weekend for All!

Regards,

Grahame.
  • #46
  • Oct 13, 2006 4:25pm Oct 13, 2006 4:25pm
Great thread folks, and Horace Kent thanks for that indicator. Just a couple questions..

Is this based on the "drawing objective trendlines" pdf? If so, in pointing out the entry bar does it take into account the other qualifications, such as the bar previous to the breakout bar having closed in the opposite direction? Also, aren't we supposed to enter trade when the trendline is broken (provided other qualifications are met), instead of waiting for the next bar? For instance, in the graph below, instead of the where the down arrow is located, shouldn't it be at the previous bar where the breakout actually occurs?

Maybe the indicator operates on a different set of rules in which case my questions are effectively moot, but either way I'm happy as long as the trendlines it draws are accurate. Thanks!
  • #47
  • Oct 13, 2006 4:32pm Oct 13, 2006 4:32pm
Hi weghio,

You're welcome!

The indicator is based on Tom Demark methodology, discussed in "The New Science of Technical Analysis", which was (re)introduced to Forex Factory by Mouteki. The methodology can be found here:

http://www.forexfactory.com/forexfor...ead.php?t=8464

regards,
HK
Quoting weghio
Great thread folks, and Horace Kent thanks for that indicator. Just a couple questions..

Is this based on the "drawing objective trendlines" pdf? If so, in pointing out the entry bar does it take into account the other qualifications, such as the bar previous to the breakout bar having closed in the opposite direction? Also, aren't we supposed to enter trade when the trendline is broken (provided other qualifications are met), instead of waiting for the next bar? For instance, in the graph below, instead of the where the down arrow is located, shouldn't it be at the previous bar where the breakout actually occurs?

Maybe the indicator operates on a different set of rules in which case my questions are effectively moot, but either way I'm happy as long as the trendlines it draws are accurate. Thanks!
  • #48
  • Oct 13, 2006 7:01pm Oct 13, 2006 7:01pm
Quoting clam61
do you have the new science of technical analysis? i dont remember this part.

sigh...lots of hard work. has anyone used this thing successfully? seems hard to believe that 9 and 13 are magic #s for all types of stocks, commodities and currencies. it seems like the concept is good, but ud have to fudge with the #s for each thing you trade
</C>
You are right. The new science of technical analysis does not contain this part and many other details. But in the other book, Demark on daytrading options, things are a little more detailed. Also in this book, Demark states that "the numbered counts and the rules neccessary to arrive at these counts are recommended settings" and "are not absolute. TDSeq is an indicator template, providing the structure from which to arrive at consitent and objective market-timing conclusions".

Attached is a document that contain the settings for TD Indicators from CQG. They are many and can be combined how you like it.
Attached File(s)
File Type: pdf DEMARK indicators formula.pdf   202 KB | 10,862 downloads
The trend isyour friend untilis about to end...
  • #49
  • Oct 13, 2006 7:07pm Oct 13, 2006 7:07pm
Quoting weghio
Great thread folks, and Horace Kent thanks for that indicator. Just a couple questions..

Is this based on the "drawing objective trendlines" pdf? If so, in pointing out the entry bar does it take into account the other qualifications, such as the bar previous to the breakout bar having closed in the opposite direction? Also, aren't we supposed to enter trade when the trendline is broken (provided other qualifications are met), instead of waiting for the next bar?
The differences between TDemark and mouteki methods:
1. Mouteki left his method incomplete (there are other things that can not be revealed for contractual reasons )
2. Mouteki uses as an entry point, one of the Demarks qualifiers (the open of the candle over/below TL )
The trend isyour friend untilis about to end...
  • #50
  • Oct 13, 2006 7:29pm Oct 13, 2006 7:29pm
FYI

Tom Demark and John Murphy make a presentation at Bloomberg. The video can be found on www.bloomberg.com. the link is below:

http://www.bloomberg.com/apps/news?p...d=aOp__L_lAqTM

if the link does not work, just do a search for tom demark on the website.


the first 40 minutes, John Murphy does a quick presentation on intermarket analysis (i highly recommend his book "intermarket analysis"--almost finished reading it. it's the 2004 edition)

Tom demark presents for the next 50 minutes and talks about his indicators.
He in particular speaks about his TD combo and TD sequential methods.

Perhaps we can implement an expert or indicator that incorporates his TD combo method as well.

phoenix
  • #51
  • Oct 13, 2006 8:44pm Oct 13, 2006 8:44pm
Does the TD sequential indicator repaint the past.

I.e., is it as reliable in real time trading as it is when looking at the past.
  • #52
  • Oct 13, 2006 11:06pm Oct 13, 2006 11:06pm
Hello!

From what I understand Mouteki recommends 4 hr timeframe whereas TD seems to deal with daily? Also, looks as if Mouteki counts the significant high/lows as a bar which has two adjacent higher lows (or lower highs) on each side, while TD requires only one such adjacent bar. Maybe this has to do with the timeframe difference.

Quoting hans_gregor
The differences between TDemark and mouteki methods:
1. Mouteki left his method incomplete (there are other things that can not be revealed for contractual reasons )
2. Mouteki uses as an entry point, one of the Demarks qualifiers (the open of the candle over/below TL )
  • #53
  • Oct 14, 2006 12:12am Oct 14, 2006 12:12am
Hi Guys,

I finished modifying my TD Sequential Indicator and posted it on EA Factory. It looks pretty similar to the charts in those pdf files now and seems to indicate the exhaustion of a trend pretty well. Comparing to the version 1, it displays the actually count down numbers so it should be easiler to test it.

To test it, please scroll back the charts as far as possible by pressing pageup key to get enought data on your pc before you load the indicator, this way you can backtest further into history.

Anyway, if you find a logic error or miss count somewhere, please post your chart in the EA factory with some brief description, and I will see if I can debug it.

Personally I like the result. Though it can't pinpoint the reversal point accurately every time, it does give you a warning that the turning point is near.

aha
Target: Trading naked.
  • #54
  • Oct 14, 2006 12:19am Oct 14, 2006 12:19am
Thank you aha,

Have d/l them and will test them over the next week.

Have a great weekend!

best,
HK
Quoting aha
Hi Guys,

I finished modifying my TD Sequential Indicator and posted it on EA Factory. It looks pretty similar to the charts in those pdf files now and seems to indicate the exhaustion of a trend pretty well. Comparing to the version 1, it displays the actually count down numbers so it should be easiler to test it.

To test it, please scroll back the charts as far as possible by pressing pageup key to get enought data on your pc before you load the indicator, this way you can backtest further into history.

Anyway, if you find a logic error or miss count somewhere, please post your chart in the EA factory with some brief description, and I will see if I can debug it.

Personally I like the result. Though it can't pinpoint the reversal point accurately every time, it does give you a warning that the turning point is near.

aha
  • #55
  • Oct 14, 2006 12:21am Oct 14, 2006 12:21am
Enjoy!
Attached Image
Target: Trading naked.
  • #56
  • Oct 14, 2006 12:49am Oct 14, 2006 12:49am
I found this site with Demark indicators. Is this the Original Tom Demark site?. Can anybody confirm.

http://www.tomdemark.com/

Thanks
  • #57
  • Oct 14, 2006 1:02am Oct 14, 2006 1:02am
Quoting aha
Enjoy!
im not sure you have the algorithm right. after the 9 or more setup days, if there is intersection you have 13 countdown days.
  • #58
  • Oct 14, 2006 4:57am Oct 14, 2006 4:57am
Could any expert comment on post 218 and 219 on EA factory? Weghio made some interesting point based on his understanding overthere...
Target: Trading naked.
  • #59
  • Oct 14, 2006 6:33am Oct 14, 2006 6:33am
Quoting aha
Enjoy!
Post #55

It is amazing.

I've tried TD Sequential and TD Sequential2 indicators and I'm getting different numbers than post #55. did i miss a step?

Can't find the EA factory thread.

(I must be getting tired)

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60
  • Oct 14, 2006 6:39am Oct 14, 2006 6:39am
Quoting jarroo
Post #55

It is amazing.

I've tried TD Sequential and TD Sequential2 indicators and I'm getting different numbers than post #55. did i miss a step?

Can't find the EA factory thread.

(I must be getting tired)

Jim

never mind i found it.

(time for bed)

Jim
Indicators show the past. Price Action "Indicates" the future.
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