DeMark Indicators

Jason Perl has recently published a book on Bloomberg Press titled:

"Demark Indicators"

As far as Im concerned, Perl does a better job explaining DeMark's indicators than DeMark does. Also, from reading dozens of posts here and using DeMark studies on Aspen Graphics, i think a lot of people are using his tools incorrectly (I could be wrong as I'm no expert).

So... I thought I would start a new post on DeMark Indicators so that we might be able to help educate each other on the use of his extensive tools.

PS - please post what charting platform you use to view DeMark Indicators. According to the author, the indicators are only available on Aspen Graphics, Bloomberg, CQG, Thompson Financial, and Trade Station.

If you like elliot waves - here is a nice intra-day cycle (GBP/USD) using TD D-wave.

http://www.tradingranges.com/ex_charts/ishot-17.png

notice how wave 4 coincides with TD-line.

wait for your postbecause I'm very interested in DM indicators.

Good old DeMark misunderstood by many and understood by so few.

When I first came across DeMark I thought this guy was a fruit cake but when I got into it I realised that he wrote his books the way he thinks and he has a strange thought process, it took me a while to come to terms with it.

The main indicator of DeMarks that I use is the Range Expansion Index and have found it to be extremely helpful in measuring the potential of a run.

the formula is

IF ( ( (HIGH>=LOW[5] OR HIGH>=LOW[6]) AND (LOW<=HIGH[5] OR
LOW<=HIGH[6]) ) OR ( (HIGH[2]>=CLOSE[7] OR HIGH[2]>=CLOSE[8]) AND
(LOW[2]<=CLOSE[7] OR LOW[2]<=CLOSE[8]) ) ) THEN
VALUE = HIGH - HIGH[2] + LOW - LOW[2]
ABSVALUE =ABS(HIGH - HIGH[2]) + ABS(LOW- LOW[2])
ELSE
VALUE = 0
ABSVALUE = 0
ENDIF

RETURN SUMMATION[N](VALUE) / SUMMATION[n](ABSVALUE) AS "REI"

now this has been modified to work on IG Markets platform, not a lot of platforms have REI avaliable.

Hope you have fun with it and it will be interesting to see this thread develope over time.

cheers

I have a TD trend line indicator (Demark_trend_new) installed on my MT. Common sense makes it pretty usefull but I feel like there is much more.

Can someone direct me to a place with an explanation of the various notations that appear on this particular indicator? For example sometimes a little x appears below a bar and othertimes its an arrow. (I undertand the arrow)
but what's the x?

There are horizontal lines that show HLL 1

and some dotted lines that say LTL 11 and then others labeled LTL 13.

How do I use this information more effectively; where can I find out more?

TIA
Jim

are any of the DeMark indicators available for MetaTrader$?

Foreyes,

I do not use MT, but maybe if you post a snapshot someone can help. I use aspen graphics and the trendlines sometime change to indicate a false breakout (and fading opp) due to a failure of one of the DeMark qualifiers.

Enoch

Elliot Wave, Fibonacci, seem like they might work in theory, but for me they are still to subjective in determining when and where to start. Tom DeMark must think like I do, as his TD D Wave indicator is a mechanical interpretation of the Elliot Wave principle.

The “S” on the attached chart (EUR/GBP) indicated a “start” of a new wave cycle. You will also notice the numbers 1,2,3,4,5 which show the start of each new wave.


You might be thinking to yourself, this is all fine and dandy, but how the hell am I supposed to use this to make money!


Well, I am glad you asked! If you are comfortable trading without a lot of indicators you can simply wait for wave 1 & 2 to complete and enter in the direction of the overall trend when the price breaks the extreme of wave 1. For example, if you look at the attached chart, the high of wave 1 was 0.7927 (EUR/GBP). So we would wait for wave 2 to form and then look to go long at the best price over 0.7927.


The gain from the high of wave 1 to the high of wave 3 was 236 pips; and the gain from the high of wave 1 to the high of wave 5 was 735 pips.


Credit must be given to Jason Perl’s book “DeMark Indicators” (chapter 3) for clarifying the proper use of DeMarks D-Wave.

Great information
Do you have Dwave indicator for MT4?

Sorry - I use Aspen Graphics specifically for the DeMark Indicators. I have no idea if they are available for Meta Trader.

How much do you pay for Aspen Graphics with the DeMark Tools?

I have already found a few Indicators from DeMark for MT4...but not all.

TD Combo, TD Lines & TD REI

Well... it aint cheap. The cheapest forex feed is FXCM and runs $65/month then the DeMark subscription is an additional $195/month.

I have some of the DeMark tools running on AmiBroker but the display is not quite the same. You should try the Aspen Graphics demo and you will see the licensed subscription is far superior to the code that is floating around the net. For example the TD trendlines drawn by Amibroker are fine, but the AspenGraphics version will draw a dotted line to indicate an unqualified trendline break as per DeMarks rules. The dotted line/unqualified break is a good place to fade. If you look at the image attached to post #8 of this thread you will see the gold dotted lines and be able to view nice fades.

I believe I used to use Demark indies on MT4 so a bit of research should turn it up. I'd give the indicator but I don't have MT4 up and running anymore.

Nice to see a thread here on this. I have Demarks book; I agree, other people do a far better job of explaining his stuff than he does, he's a terrible person to have explain his material but you can get the main ideas out if his book(s.) Peter Bain uses a lot of his stuff really, really well.

Demark's methods give something all traders need and that's EXITS. He has some very easy and elegant price projections that anyone can use.

Wow, now I've talked myself into reopening his book again.

Can you upload them, please?

Bloomberg & Thompson are too expensive

CQG more then 600 $ per Month

Aspen 260$ per month

What about Tradestation? I wrote them an E-Mail but didn't receive any answer

I just started reading this book and found it very helpful. I use TD trend lines and just eyeball the qualified trades. It is fairly easy, especially 1 and 2, once you get used to it.

btw, I looked into Tradestation. It is free as long as you trade 10 one lot round trips per month. Otherwise I think it is about $99.

I've attached the TD Trend Line indicator I use for MT4. There are others but I always come back to this one for some reason.

I'm still looking for a TD Sequential indicator.

About TD sequential, maybe you can use some indicator here. Hope you enjoy them

Hello,

I have read that with sequential after a 9 is established it can be perfected, how?

why is the 1 - 13 # spaced out, I have seen 4,5 or more bars in between #'s when counting from 1-13.

i have seen 1-9 established then it starting over again, what is happening here?

thanks in advance.

my contribution...

I have just coded and attached the TD Lines indicator for the TeleTrader Professional Workstation. Any comment is appreciated!