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

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modify Mouteki/ Demark _trend _new indicator? 62 replies

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DeMark Indicators (ADVANCED)

  • #61
  • Oct 14, 2006 7:10am Oct 14, 2006 7:10am
Quoting weghio
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.
If you will use 1 bar for daily charts, 2 bars for 4H charts, 4bars for 1H charts, etc. you will get almost the same TL on all the charts. That's why is this difference between mouteki and TD.
The trend isyour friend untilis about to end...
  • #62
  • Oct 14, 2006 8:09am Oct 14, 2006 8:09am
aha, why is my chart different then your chart on Post #55?

I'm using the same indicators found in the EA factory post#213.

Thanks,

Jim


(Thinking a little more clearly, it's because of differrent data)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #63
  • Oct 14, 2006 12:00pm Oct 14, 2006 12:00pm
Not again, this time difference problem is everywhere.

Which timezone is your data feed from? Jarroo.


Quoting jarroo
aha, why is my chart different then your chart on Post #55?

I'm using the same indicators found in the EA factory post#213.

Thanks,

Jim


(Thinking a little more clearly, it's because of differrent data)
Target: Trading naked.
  • #64
  • Oct 14, 2006 12:40pm Oct 14, 2006 12:40pm
From the pdf in post 48, posted by hans, the countdown shouldn't start if the setup is not "perfected". But the criteria for perfection is a lot different from the pdf in post 9.


The conditions for recycling is mentioned in the pdf as well, but is a little different from what weghio discribed in his/her posts in EA factory.

Could anyone look up the following information for me please if you own the book(s)?

1. perfection criteria for setup
2. perfection criteria for countdown
3. conditions for recycling

You may post it either here or in EA factory.

Thanks.

aha


Quoting hans_gregor
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.
Target: Trading naked.
  • #65
  • Oct 14, 2006 3:10pm Oct 14, 2006 3:10pm
jim,

TD Sequential 2 was written by me and I didn't have the full algorithm. The complete TD Sequential algorithm is actually a bit more complicated than is shown in the previous links.

I wouldn't use TD Sequential 2 yet

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
  • #66
  • Oct 14, 2006 10:31pm Oct 14, 2006 10:31pm
Quoting aha
Not again, this time difference problem is everywhere.


Which timezone is your data feed from? Jarroo.
Sorry for the delay.

I use the Spot Trader- demo account

My time is EST - Spot Trader ?

When its 6:00 PM EST - Spot Trader is 0000.

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #67
  • Oct 14, 2006 11:34pm Oct 14, 2006 11:34pm
I'm a little new to the TD sequential indicator, can anyone tell me in real time on a daily chart if USD/CHF is meeting that criteria right now? It looks that way on some charts and not on others, depending on the open and close time frames. New York close vs. London. Which close should be used?
"The time to act is when others show signs of tire." --W.D. Gann
  • #68
  • Oct 15, 2006 6:47am Oct 15, 2006 6:47am
Quoting aha

1. perfection criteria for setup
2. perfection criteria for countdown
3. conditions for recycling
1. The setup is perfected when the market registered the minimum number of bars where, in case of a buy setup, the close is less then four bars ago. But the setup phase can continue after bar 9 until the market registers a price flipor a neutral reding. This thing is important if TDSEQ is used with other indicators. The bars need to be consecutive.
2. The countdown is perfected when there are 13 bars where the close is less then two bars ago. 13 bars is maximum and also the minimum number of bars for a countdown. The bars don't need to be consecutive.
3. For recycling, there are two options:
a. the recent setup is maintined and from this setup will start count the countdown
b. the other option is called "Ignore lowest true high/low''. You find the Highest true high and the lowest true low for both setups. Compute the difference for both setups, and maintain on chart, for start of countdown, the setup with a bigger size.
The trend isyour friend untilis about to end...
  • #69
  • Oct 15, 2006 8:28am Oct 15, 2006 8:28am
Hi, does anyone have this Tom Demark REI indicator for mt4? its oscilator type indicator. I cant find any by google. the only one I found is TD REI for metastocks.
From TD REI example charts I've found in google, it seems this to be a good one to filter which price projection that most likely reached, from TD price projection trendline break.
  • #70
  • Oct 15, 2006 10:37am Oct 15, 2006 10:37am
Quoting dutdot
Hi, does anyone have this Tom Demark REI indicator for mt4? its oscilator type indicator. I cant find any by google. the only one I found is TD REI for metastocks.
From TD REI example charts I've found in google, it seems this to be a good one to filter which price projection that most likely reached, from TD price projection trendline break.
Follow this:

http://www.forex-tsd.com/suggestions...ark-3-1-a.html
  • #71
  • Oct 16, 2006 10:47am Oct 16, 2006 10:47am
Thanks Hans. I have finished coding most of these conditions... except the "Ignore lowest true high/low'' condition for recycling.



Quoting hans_gregor
1. The setup is perfected when the market registered the minimum number of bars where, in case of a buy setup, the close is less then four bars ago. But the setup phase can continue after bar 9 until the market registers a price flipor a neutral reding. This thing is important if TDSEQ is used with other indicators. The bars need to be consecutive.
2. The countdown is perfected when there are 13 bars where the close is less then two bars ago. 13 bars is maximum and also the minimum number of bars for a countdown. The bars don't need to be consecutive.
3. For recycling, there are two options:
a. the recent setup is maintined and from this setup will start count the countdown
b. the other option is called "Ignore lowest true high/low''. You find the Highest true high and the lowest true low for both setups. Compute the difference for both setups, and maintain on chart, for start of countdown, the setup with a bigger size.
Target: Trading naked.
  • #72
  • Oct 16, 2006 11:00am Oct 16, 2006 11:00am
aha

there are also some other restrictions for TD Sequential. Did you code them too? For example, what about the restriction, for a buy setup, that any bar's high (or close, i forget) in the countdown cannot be higher than any high during setup
  • #73
  • Oct 16, 2006 12:45pm Oct 16, 2006 12:45pm
Daily USDCHF chart (NYT close) has a Sell SetUp in place as of 10/13/06. Can't get file size small enough to post.
  • #74
  • Oct 16, 2006 1:44pm Oct 16, 2006 1:44pm
wut mt4 provider has a ny time close?
  • #75
  • Oct 17, 2006 12:50am Oct 17, 2006 12:50am
this is my sequential indicator...still not done because of some questions i have regarding the algorithm like the one above, but i added the option to take away the #s for less clutter, and I also drew a box around the setup.

soon i will also display the extreme high and low of the setup as well as put in indicators for perfect setups, etc. wtih the stop loss and entry markings as well.

here is USDJPY weekly...these are buy setups going to 9 only so you could buy at the end of the box. DeMark says he doesnt personally trade 9s as they aren't as reliable as a perfected 9 or a 13, but as you can see there is something to this. with a good stop loss, good money management, and letting your winners ride you can make some good $ with this!

aha, id like to collaborate with you, so give me a hoot
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  • #76
  • Oct 17, 2006 1:00am Oct 17, 2006 1:00am
here is USDJPY on the one hour. again pretty good signals.

reminding you that these are not perfected setups or countdowns, just plain 9s. on top of that none of the filters are implemented.

when we get the all filters out im sure its gonna be better.


btw, for daily its recommended to use a broker with NY TIME close as the EOD.

who besides strategybuilder has a demo feed wtih NY TIME close? their datastreams have been somewhat hokey lately.
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  • #77
  • Oct 17, 2006 1:20am Oct 17, 2006 1:20am
Quoting SunTrader
Daily USDCHF chart (NYT close) has a Sell SetUp in place as of 10/13/06. Can't get file size small enough to post.
U trade USD/CHF??
  • #78
  • Oct 18, 2006 9:45pm Oct 18, 2006 9:45pm
Keep in mind that TD Sequential draws a box encompassing a 9 bar SetUp once a "price flip" has happened. Doesn't mean you have to do the same. Whatever you prefer.
  • #79
  • Oct 18, 2006 9:50pm Oct 18, 2006 9:50pm
Can anyone please help me to find the link to download the indicator. I am not able to find the download link..
  • #80
  • Oct 18, 2006 9:54pm Oct 18, 2006 9:54pm
I trade whatever moves.
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