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  • #201
  • Oct 11, 2006 11:08am Oct 11, 2006 11:08am
don't know why. i am not a coder. just some things i collected that looked good at the time
  • #202
  • Oct 11, 2006 6:57pm Oct 11, 2006 6:57pm
Hi guys,

Here is something I made based on the method here: http://www.forexfactory.com/forexfor...5&page=1&pp=15.

The method sounds really interesting, but I am not sure if I understand the method correctly. If you guys can help me debug these indicators I may be able to improve it to 70% trend reversal success rate as they claimed (that's huge, isn't it?!)

aha
Attached File(s)
File Type: mq4 TD_AHA Bearish Trend Reversal 0.1.mq4   9 KB | 550 downloads
File Type: mq4 TD_AHA Bullish Trend Reversal 0.1.mq4   9 KB | 529 downloads
Target: Trading naked.
  • #203
  • Oct 11, 2006 8:59pm Oct 11, 2006 8:59pm
I noticed you were on the sight and wondered if you could comment on my question on post 185? thank you.
  • #204
  • Oct 11, 2006 10:09pm Oct 11, 2006 10:09pm
Hello aha,
In the thread you linked there was an indicator complete with the first 9 steps to setup the trade, but as you recognized it was missing the final 13 countdown steps. Is this what you have tried to implement? If so it would be helpful if you could include the numbering process and have it actually show on the chart so that it would be easier to manually confirm and check for any errors, etc. Thanks for your efforts!
  • #205
  • Oct 11, 2006 10:18pm Oct 11, 2006 10:18pm
Hi Aha,

I downloaded both 'demark sequential' indicators you created. I don't see a countdown on either. Please advise me on what the indicators are doing. Great idea trying to code that by the way. Thank you for your efforts.

best,
HK
Quoting aha
Hi guys,

Here is something I made based on the method here: http://www.forexfactory.com/forexfor...5&page=1&pp=15.

The method sounds really interesting, but I am not sure if I understand the method correctly. If you guys can help me debug these indicators I may be able to improve it to 70% trend reversal success rate as they claimed (that's huge, isn't it?!)

aha
  • #206
  • Oct 11, 2006 10:28pm Oct 11, 2006 10:28pm
I don't know how others do it, but what I am doing is that I use an email account that can forward email automatically to my cell phone, and my cell phone plan has a feature called email to text message which assigns an email address to my cell and receive emails as test message on my cell. So all you need to do is to set your MT4 up so it send email to the email account and set the email account up so it forwards to your cell.

Hope it helps.


Quoting Toothman
AHA,
Thank you for all your work and creating this thread. I have the Bago AHA zip downloaded to my MT4 platform and its on my indicators list. So if I understand you, each alert will send me an e-mail. My question is, how do I modify it to send me a text message at the same time? thanks much
Target: Trading naked.
  • #207
  • Oct 11, 2006 10:41pm Oct 11, 2006 10:41pm
Yeah, numbering would be nice ... I was concentrating on the method itself, which wasn't easy to implement in the first place... I will implement numbering after I found the time...

Now for testing, we could manually put arrows to those valid bars and count the arrows to check setups or countdowns.



Quoting weghio
Hello aha,
In the thread you linked there was an indicator complete with the first 9 steps to setup the trade, but as you recognized it was missing the final 13 countdown steps. Is this what you have tried to implement? If so it would be helpful if you could include the numbering process and have it actually show on the chart so that it would be easier to manually confirm and check for any errors, etc. Thanks for your efforts!
Target: Trading naked.
  • #208
  • Oct 11, 2006 10:45pm Oct 11, 2006 10:45pm
HK,

I haven't implemented numbering yet. But they should put some marks on your chart to signal trend reversal. Arrows appears when there is a setup completed, pointing fingers appears when a countdown completes. The small marks are regular setups or countdowns, large marks are for perfect setup and countdowns.

aha


Quoting Horace Kent
Hi Aha,

I downloaded both 'demark sequential' indicators you created. I don't see a countdown on either. Please advise me on what the indicators are doing. Great idea trying to code that by the way. Thank you for your efforts.

best,
HK
Target: Trading naked.
  • #209
  • Oct 12, 2006 9:31am Oct 12, 2006 9:31am
Thanks Aha,

Is there a problem with the TD Sequential indicator posted in another thread?

HK
Quoting aha
HK,

I haven't implemented numbering yet. But they should put some marks on your chart to signal trend reversal. Arrows appears when there is a setup completed, pointing fingers appears when a countdown completes. The small marks are regular setups or countdowns, large marks are for perfect setup and countdowns.

aha
  • #210
  • Oct 13, 2006 4:01am Oct 13, 2006 4:01am
hi aha, just chiming in on this thread.

i coded a sequential indicator and it has countdown as well. the indicator is in the initial stages...i still need clarification on the algorithm, details and download found here:


http://www.forexfactory.com/forexfor...9&postcount=30
  • #211
  • Oct 13, 2006 5:11pm Oct 13, 2006 5:11pm
Yeah, it doesn't count down.



Quoting Horace Kent
Thanks Aha,

Is there a problem with the TD Sequential indicator posted in another thread?

HK
Target: Trading naked.
  • #212
  • Oct 13, 2006 5:12pm Oct 13, 2006 5:12pm
I am with you on the thread, Clam.



Quoting clam61
hi aha, just chiming in on this thread.

i coded a sequential indicator and it has countdown as well. the indicator is in the initial stages...i still need clarification on the algorithm, details and download found here:


http://www.forexfactory.com/forexfor...9&postcount=30
Target: Trading naked.
  • #213
  • Oct 13, 2006 11:53pm Oct 13, 2006 11:53pm
Ok guys, the attached is the version 0.2 of TD Trend Reversal Indicator, with numbering on. Let's test if there are bugs in it.

I think this is something. Even though it couldn't pinpoint the reversal day each time, but it does give you indication that the trend is exhausted with a high successful rate.

Thomas DeMark rocks!
Attached File(s)
File Type: mq4 TD_AHA Bullish Trend Reversal 0_2.mq4   17 KB | 812 downloads
File Type: mq4 TD_AHA Bearish Trend Reversal 0_2.mq4   8 KB | 765 downloads
Target: Trading naked.
  • #214
  • Oct 14, 2006 12:25am Oct 14, 2006 12:25am
Here is cable daily chart. See how the indicator shows the sign of exhuastion one or two days before the turning points.

Enjoy!


Quoting aha
Ok guys, the attached is the version 0.2 of TD Trend Reversal Indicator, with numbering on. Let's test if there are bugs in it.

I think this is something. Even though it couldn't pinpoint the reversal day each time, but it does give you indication that the trend is exhausted with a high successful rate.

Thomas DeMark rocks!
Attached Image
Target: Trading naked.
  • #215
  • Oct 14, 2006 12:36am Oct 14, 2006 12:36am
Hi aha,

Now we can definitely work with this! OK, the first thing that jumped out at me...

According to TD, there is a qualifier for Countdown bar 13. I'll just quote from one of the pdf: "The low of buy Countdown bar 13 must be less than or equal to the close of Countdown bar 8." I'm sure the same principle applies for sell Countdown bar 13, just in reverse - that is, the high of sell Countdown bar 13 must be higher than or equal to the close of Countdown bar 8.

For example, in the graph below, where the buy Countdown bar 13 is indicated towards the right, we can see that the low of this bar is NOT less than or equal to to the close of Countdown bar 8 (as marked by the red horizontal line). Therefore this is not a valid Countdown bar 13. The indicator should be adjusted to take this critical factor into account.

I'll keep checking and let you know of anything else that comes up. Thanks very much for your work!

Quoting aha
Ok guys, the attached is the version 0.2 of TD Trend Reversal Indicator, with numbering on. Let's test if there are bugs in it.

I think this is something. Even though it couldn't pinpoint the reversal day each time, but it does give you indication that the trend is exhausted with a high successful rate.

Thomas DeMark rocks!
Attached Image
  • #216
  • Oct 14, 2006 12:51am Oct 14, 2006 12:51am
What you talked about is a perfect countdown situation, the indicator does have that logic built-in. For perfect ones the arrow will be larger, for not so perfect ones it will still give a arrow, just small in size.

Note that the color is still the same. So the up arrow at the left of your chart was a setup signal (not perfect one neither), not a count down signal.

You will find the difference when you see the perfect countdown signal.


Quoting weghio
Hi aha,

Now we can definitely work with this! OK, the first thing that jumped out at me...

According to TD, there is a qualifier for Countdown bar 13. I'll just quote from one of the pdf: "The low of buy Countdown bar 13 must be less than or equal to the close of Countdown bar 8." I'm sure the same principle applies for sell Countdown bar 13, just in reverse - that is, the high of sell Countdown bar 13 must be higher than or equal to the close of Countdown bar 8.

For example, in the graph below, where the buy Countdown bar 13 is indicated towards the right, we can see that the low of this bar is NOT less than or equal to to the close of Countdown bar 8 (as marked by the red horizontal line). Therefore this is not a valid Countdown bar 13. The indicator should be adjusted to take this critical factor into account.

I'll keep checking and let you know of anything else that comes up. Thanks very much for your work!
Target: Trading naked.
  • #217
  • Oct 14, 2006 1:00am Oct 14, 2006 1:00am
OK, here's another thing that I noticed. There are two conditions under which the entire Countdown setup must be completely aborted and started from scratch. I'll take the buy Countdown for illustration, and just mention the first condition for now. The first of these conditions occurs when, after the initial Countdown setup (1-9) is completed, the low of any subsequent price bar, and the close of the prior bar, are [b]both above the highest price of the entire buy Setup series.

Thus, in the graph below, we can see that the initial buy Countdown setup (1-9) is complete. The red horizontal line is used to mark the highest price of the entire buy Setup series. Now look at the price bar at the extreme right of the graph. The low of this price bar, as well as the close of the bar prior to it, are both above this horizontal line. According to my interpretation of TD, this means that the 1-9 Countdown setup (as well as the 1-13 Countdown process) must be erased completely, and started over from scratch.

The same principle would apply for sell Countdown Setup, but in reverse: after the initial sell Countdown setup (1-9) is completed, the high of any subsequent price bar, and the close of the prior bar, are both below the lowest price of the entire sell Setup series. In this case, the entire sell Countdown setup would be erased and started over.

I've done my best to properly interpret the TD strategy and describe it here, and I hope if I'm mistaken in any of this, someone will point it out to me. But for now, it would be great if the indicator could take these factors into account and have the RESET condition implemented accordingly. I'll talk about the second condition in a subsequent post. Thanks again aha!
Attached Image
  • #218
  • Oct 14, 2006 1:05am Oct 14, 2006 1:05am
Hello again,

What I was referring to was the large arrow at the right of the chart, the one marked 13 with a greenish large arrow. It appears to me that the low of this bar 13 is not lower or equal to the close of Countdown bar 8 (not the yellow setup bars, but the greenish countdown bar 8), and from what I understand of the TD rule, in this case the bar 13 is not a legitimate bar 13. Please let me know if I have misunderstood you in any way here. Thanks

Quoting aha
What you talked about is a perfect countdown situation, the indicator does have that logic built-in. For perfect ones the arrow will be larger, for not so perfect ones it will still give a arrow, just small in size.

Note that the color is still the same. So the up arrow at the left of your chart was a setup signal (not perfect one neither), not a count down signal.

You will find the difference when you see the perfect countdown signal.
  • #219
  • Oct 14, 2006 1:13am Oct 14, 2006 1:13am
OK, here is the 2nd condition under which the Countdown setup process would be aborted:

In the case of a buy Countdown, it is aborted when a contradictory sell Setup (1-9) appears before the completion of the Countdown.

In the case of a sell Countdown, it is aborted when a contradictory buy Setup appears before the completion of the Countdown.

I'll just use the chart from the previous post again. In the chart below, we can see once again the initial buy Countdown setup (1-9) is completed, and the Countdown process (1-13) has begun. But then, a contradictory sell Setup was completed towards the right. At this point, the entire buy Setup (1-9) and Countdown (1-13) must both be erased.

Comments are appreciated becuase, once again, this is how I best understand the TD rule and it's always possible I could be mistaken.
Attached Image
  • #220
  • Oct 14, 2006 1:22am Oct 14, 2006 1:22am
i have the bullish TD Sequential here only. Look at the squared region, shouldn't there be a TD Setup starting here too?

Btw, aha, check your PM
Attached File(s)
File Type: mq4 TD_AHA Bullish Trend Reversal 0_2.mq4   17 KB | 482 downloads
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