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Tom DeMark Pivot Point System

  • #21
  • Dec 8, 2007 1:30pm Dec 8, 2007 1:30pm
Quoting Dr.TofyGuy
Hi Every One

I have found the attached equations for Tom DeMark Pivot Point System, I correctly have no idea if I understand them correctly or not!!!(cry2)
Until now I hadn't opened up the xls file and I didn't see your original question about understanding the calculations.

Basically how the previous day closes detemines how the calculation of pivot is done

If close is greater than previous close then pivot equals
(2 x high + low + close) / 4

If close is less than previous close then pivot equals
(2 x low + high + close) / 4

If close equals previous close then pivot equals
(2 x close + high + low) / 4

Or in other words how the market closes determines which price HLC will be given more weight in the calculation.

S1/S2/S3 and R1/R2/R3 are calculated as per standard way that most others are.

HTH
  • #22
  • Jan 18, 2008 11:17pm Jan 18, 2008 11:17pm
Another example from fridays trading in GU on 15min chart:
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15min.PNG Size: 25 KB
  • #23
  • Jan 21, 2008 6:30am Jan 21, 2008 6:30am
Need to make more and more statistics about this TS... so easy... you need others indicators to confirm, like trend indicator in a High TF.


Best Regards,
Marcelo Marques
  • #24
  • Feb 1, 2008 6:41pm Feb 1, 2008 6:41pm
Another GU 15 min chart with TD Sequential Sell 13 at the R1 level. And then again the support levels become resistance once penetrated at pivot and S1.
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.PNG Size: 29 KB
  • #25
  • Feb 8, 2008 6:51am Feb 8, 2008 6:51am
please SunTrader, can you attach your pivot indicator? thank you.
  • #26
  • Feb 8, 2008 7:04am Feb 8, 2008 7:04am
Quoting Faust
please SunTrader, can you attach your pivot indicator? thank you.
Mine is for TradeStation, not MetaTrader.
  • #27
  • Mar 5, 2008 10:43pm Mar 5, 2008 10:43pm
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
Quoting SunTrader
Mine is for TradeStation, not MetaTrader.
SunTrader,

Not sure if you would be open to posting your Tradestation indicator or not? If not I have a question for you. What time do you use to calculate the days high and the days low in order to get the calculation?
  • #28
  • Mar 6, 2008 9:07pm Mar 6, 2008 9:07pm
Quoting dyos
SunTrader,

Not sure if you would be open to posting your Tradestation indicator or not? If not I have a question for you. What time do you use to calculate the days high and the days low in order to get the calculation?
I've been trying to rewrite it because it is a bit cumbersome between the calculations for an up or down or unchanged close for previous day.

But I see you are on the TradeStation forum - I'll send you a PM there when I have it done and give you a copy of the ELD.
  • #29
  • Mar 7, 2008 9:16am Mar 7, 2008 9:16am
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
Thanks I was actually able to program the indicator to go long or short but I'm having a hell of a time trying to program the stop losses. I have the logic but i'm still troubleshooting it because it is not working.
  • #30
  • Mar 7, 2008 9:25am Mar 7, 2008 9:25am
I think I should clarify my post from yesterday. What I was refering to was TD Daily Pivots. If you are looking for TD Sequential or TD REI I can't provide those because they are locked by Tom DeMark's software company.

TD Daily Pivots I have been putting together from different indicators I found on the TradeStation Forum.
  • #31
  • Mar 7, 2008 8:12pm Mar 7, 2008 8:12pm
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
SunTrader,

What timeframe do you reference for Forex to get your pivot points for the high, low, close calculation? Since Forex is 24 hours.
  • #32
  • Mar 8, 2008 1:58pm Mar 8, 2008 1:58pm
Oh, sorry I forgot you asked this on a previous post.

I use 5pm est for open and then close of each trading day. I know London is the most influential fx trading center but I look at the Far East open monday morning lining up with NY 5pm Sunday night to get a complete cycle of 5 trading days.

I mostly trade GBPUSD and EURUSD and it works well, but using other 24hour periods and other currency pairs might get similar results.
  • #33
  • Mar 8, 2008 2:27pm Mar 8, 2008 2:27pm
td seq for mt4 mate
Quoting SunTrader
I think I should clarify my post from yesterday. What I was refering to was TD Daily Pivots. If you are looking for TD Sequential or TD REI I can't provide those because they are locked by Tom DeMark's software company.

TD Daily Pivots I have been putting together from different indicators I found on the TradeStation Forum.
Attached File(s)
File Type: zip TD Sequential.zip   1 KB | 2,243 downloads
  • #34
  • Mar 8, 2008 5:43pm Mar 8, 2008 5:43pm
Thanks. But I am not in need of it.
  • #35
  • Mar 9, 2008 4:11am Mar 9, 2008 4:11am
Quoting SunTrader
Oh, sorry I forgot you asked this on a previous post.

I use 5pm est for open and then close of each trading day. I know London is the most influential fx trading center but I look at the Far East open monday morning lining up with NY 5pm Sunday night to get a complete cycle of 5 trading days.

I mostly trade GBPUSD and EURUSD and it works well, but using other 24hour periods and other currency pairs might get similar results.
Hi,
Would you pls tell me how to calculate R2,S2 etc,
Next HIGH,LOW is not accurate,but PP maybe wonderful
OK?
ele
  • #36
  • Mar 9, 2008 10:02am Mar 9, 2008 10:02am
The pivot point is generally going to be near the previous close so the other levels are more important to me. I calculate the pivot based on DeMark's method of weighting 2*High if up close, 2*Low if down close or 2*Close if an equal or flat close.

Then use the usual pivot formula to get S1-S3 and R1-R3 levels:

S1 = 2*PP - H[1]
S2 = 2*PP - ( H[1] - L[1] )
S3 = S1 - ( H[1] - L[1]] )

R1 = 2*PP + L[1]
R2 = 2*PP + ( H[1] + L[1] )
R3 = R1 + ( H[1] + L[1] )

What does this mean "Next HIGH,LOW is not accurate"
  • #37
  • Mar 9, 2008 4:02pm Mar 9, 2008 4:02pm
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
Quoting SunTrader
The pivot point is generally going to be near the previous close so the other levels are more important to me. I calculate the pivot based on DeMark's method of weighting 2*High if up close, 2*Low if down close or 2*Close if an equal or flat close.

Then use the usual pivot formula to get S1-S3 and R1-R3 levels:

S1 = 2*PP - H[1]
S2 = 2*PP - ( H[1] - L[1] )
S3 = S1 - ( H[1] - L[1]] )

R1 = 2*PP + L[1]
R2 = 2*PP + ( H[1] + L[1] )
R3 = R1 + ( H[1] + L[1] )

What does this mean "Next HIGH,LOW is not accurate"
I think I got it down finally. But my equation is different from yours see below.

If close > open[minutes] then
PivPT = ((2*USH)+USL+close)/4;
If close < open[minutes] then
PivPT = ((2*USL)+USH+close)/4;

Res1 = (2 * PivPT) - USL;
Sup1 = (2 * PivPT) - USH;
Res2 = PivPT + (Res1 - Sup1);
 Sup2 = PivPT - (Res1 - Sup1);

Res3 = USH + (2*(PivPT - USL));
Sup3 = USL - (2*(USH - PivPT));

If I use your equation for res1 I get a very large number that is off the chart R1 = 2*PP + L[1]

http://i34.photobucket.com/albums/d1...s/tdpivots.jpg
  • #38
  • Mar 9, 2008 5:01pm Mar 9, 2008 5:01pm
Even though it wasn't very early this morning when I posted, I must have been sleep-typing. Here is what I use:

Pivot = ((2*H ) + L + C ) / 4 for close greater than open
((2*L ) + H + C ) / 4 for close less than open
((2*C ) + H + L ) / 4 for close unchanged

R1 = 2*Pivot - Previous day Low
R2 = Pivot + Previous day Range {H-L}
R3 = R1 + Previous Day Range

S1 = 2*Pivot - Previous day high
S2 = Pivot - Previous day Range
S3 = S1 - Previous day Range

As an example for GU Monday the numbers would be:

R3 - 2.0372
R2 - 2.0293
R1 - 2.0240
P - 2.0161
S1 - 2.0108
S2 - 2.0029
S3 - 1.9976

Apologies for confusion from what I previous posted.
  • #39
  • Edited 9:17am Mar 10, 2008 8:56am | Edited 9:17am
If you dont want to try to decypher the data... just use this link.
The Demark Pivots Points and Support / Resistance point can be calculated here...
http://www.mataf.net/en/forex/tradin...points/demark/
  • #40
  • Mar 10, 2008 9:27am Mar 10, 2008 9:27am
Thanks. Interesting site but I prefer them right on the chart.
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