I like Tom demark indicator which I have posted below.The trades that generate are pretty good.I want to incorporate some of the buy and sell criteria ( mentioned below)to get more accurate signals. It would be nice to incorporate those criteria into the indicator and show buy and sell arrows on chart. It also should be easy to create an EA for this sytem.
Hope someone can help me with this project.
Here are the indicator and criteria I like incorporated:
Upside breakout qualifiers
Qualifier 1: The price bar prior to an upside breakout must be a down close.
Qualifier 2: The current price bar’s open must be greater than both the current TD Supply Line and the
previous price bar’s close and must then trade at least one tick higher.
Qualifier 3: The previous price bar’s close plus the previous bar’s “buying pressure” must be below the current
price bar’s TD Supply Line price level.
Qualifier 4: The current price bar’s open must be above both the previous two price bars’ closes, and the
current price bar’s TD Supply Line must be above the previous price bar’s high.
Downside breakout qualifiers
Qualifier 1: The price bar prior to a downside breakout must be an up close.
Qualifier 2: The current price bar’s open must be less than both the current TD Demand Line and the previous
price bar’s close and must then trade at least one tick lower.
Qualifier 3: The previous price close minus the previous bar’s “selling pressure” must be above the current
price bar’s TD Demand Line price level.
Qualifier 4: The current price bar’s open must be below both the previous two price bars’ closes, and the
current price bar’s TD Demand Line must be below the previous price bar’s low.
Hope someone can help me with this project.
Here are the indicator and criteria I like incorporated:
Upside breakout qualifiers
Qualifier 1: The price bar prior to an upside breakout must be a down close.
Qualifier 2: The current price bar’s open must be greater than both the current TD Supply Line and the
previous price bar’s close and must then trade at least one tick higher.
Qualifier 3: The previous price bar’s close plus the previous bar’s “buying pressure” must be below the current
price bar’s TD Supply Line price level.
Qualifier 4: The current price bar’s open must be above both the previous two price bars’ closes, and the
current price bar’s TD Supply Line must be above the previous price bar’s high.
Downside breakout qualifiers
Qualifier 1: The price bar prior to a downside breakout must be an up close.
Qualifier 2: The current price bar’s open must be less than both the current TD Demand Line and the previous
price bar’s close and must then trade at least one tick lower.
Qualifier 3: The previous price close minus the previous bar’s “selling pressure” must be above the current
price bar’s TD Demand Line price level.
Qualifier 4: The current price bar’s open must be below both the previous two price bars’ closes, and the
current price bar’s TD Demand Line must be below the previous price bar’s low.
Attached File(s)
like Stevehopwood will be able to help
