General Trading Chat

[vagar11]

Vagar, are you doing manual counting or using some afl?

Vivek

Using tradingview.com. This is a tradingview script.

You can easily find it on net. Just google TD setup tradingview script.

Let me know if u are not able to find it. i will share.

 

[vivektrader]

Using tradingview.com. This is a tradingview script.

You can easily find it on net. Just google TD setup tradingview script.

Let me know if u are not able to find it. i will share.

Thanks, does it mark TD setup (TDST lines) or countdown also, and what about discretionary criteria involved, does the script manage all that accurately?

Vivek

 

[vagar11]

Thanks, does it mark TD setup (TDST lines) or countdown also, and what about discretionary criteria involved, does the script manage all that accurately?

Vivek

The script gives count for TD setup and countdown. No lines. I didn't made it. I found it on net. Can't day about accuracy. Looked ok to me.

 

[paappy]

Sir,

For Bajaj Finance, was both TD buy setup & count down got completed and then a buy signal or a buy signal after TD buy set up. Because, i read that price reversal is possible after both TD buy set up and also after TD buy countdown as below, so it is kind of confusing for me.

"When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely. It is also at that point where TD Sequential starts the second phase with TD Countdown and is completed with a 13 count. When the 13 count is recorded, it is at that point, a price pause, price pullback, or a reversal is likely"

Thanks

I think we can enter long after TD buy setup also. As per Jason Perl book

"Perl’s Rules for Trading TD Buy Setups Objectively: Initiate a long position
1. When the TD Buy Setup has been perfected, that is, the low of TD Buy Setup bar 8 or 9 is less than the lows of TD Buy Setup bars 6 & 7.
2. When none of the bars within the TD Buy Setup has closed below TDST support, and
3. When the close of TD Buy Setup bar nine is in close proximity to TDST support."

ST Da already mentioned about entry point after countdown 13.

Regards,

 

[manojborle]

The script gives count for TD setup and countdown. No lines. I didn't made it. I found it on net. Can't day about accuracy. Looked ok to me.

_SECTION_BEGIN("TD Systems");
// Parameters
ShowNumbers= ParamToggle("Show 1-8 Numbers","No|Yes", 1);
ShowTDPoints = ParamToggle("Show TD Points", "No|Yes", 1);
ShowTDST = ParamToggle("Show TD Setup Trend", "No|Yes", 1);
tdstsa = 0;
tdstba = 0;
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
//********************************************** TD Points ********************************************************************/
function TD_Supply()
{
	return ( H > Ref(H, 1) AND H > Ref(H, -1) AND H > Ref(C, -2));
}
function TD_Demand()
{
	return ( L < Ref(L, 1) AND L < Ref(L, -1) AND L < Ref(C, -2));
}
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// *********************************************** TD Sequential ************************************************************/
// *** Setup Buy Signal ***
//nine consecutive days closes less than the close four days earlier
Con = C < Ref( C, -4);
Buy9Bars = BarsSince(BarsSince(Con));
Buy9Signal = Buy9Bars == 9;

// *** Requirements ***
//The first day of the nine-day  must be preceded by a close day immediately before it that is greater than or equal to the close four days earlier
Con = Ref(C, -9) >= Ref(C, -13);
Buy9Req = Buy9Signal AND Con;

// *** Intersection ***
// the high of either day 8 or day 9 is greater than or equal to the low three, four, five, six, or seven days earlier
Con1 = (H >= Ref(L, -3)) OR ( Ref(H, -1) >= Ref(L, -3));
Con2 = (H >= Ref(L, -4)) OR ( Ref(H, -1) >= Ref(L, -4));
Con3 = (H >= Ref(L, -5)) OR ( Ref(H, -1) >= Ref(L, -5));
Con4 = (H >= Ref(L, -6)) OR ( Ref(H, -1) >= Ref(L, -6));
Con5 = (H >= Ref(L, -7)) OR ( Ref(H, -1) >= Ref(L, -7));

Buy9Intr = Buy9Req AND (Con1 OR Con2 OR Con3 OR Con4 OR Con5);
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// *** Setup Sell Signal ***
//nine consecutive days closes greater than the Close four days earlier.
Con = C > Ref( C, -4);
Sell9Bars = BarsSince(BarsSince(Con));
Sell9Signal = Sell9Bars == 9;

// *** Requirements ***
//The first day of the nine-day must be preceded by a Close day immediately before it that is less than the Close four days earlier
Con = Ref(C, -9) < Ref(C, -13);
Sell9Req = Sell9Signal AND Con;

// *** Intersection ***
//the low of either day 8 or day 9 is less than or equal to the high three, four, five, six, or seven days earlier
Con1 = (L <= Ref(H, -3)) OR ( Ref(L, -1) <= Ref(H, -3));
Con2 = (L <= Ref(H, -4)) OR ( Ref(L, -1) <= Ref(H, -4));
Con3 = (L <= Ref(H, -5)) OR ( Ref(L, -1) <= Ref(H, -5));
Con4 = (L <= Ref(H, -6)) OR ( Ref(L, -1) <= Ref(H, -6));
Con5 = (L <= Ref(H, -7)) OR ( Ref(L, -1) <= Ref(H, -7));

Sell9Intr = Sell9Req AND (Con1 OR Con2 OR Con3 OR Con4 OR Con5);
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
if(StrToNum(NumToStr(Buy9Intr))) Sell9Intr = False;
if(StrToNum(NumToStr(Sell9Intr))) Buy9Intr = False;
BuySignal = Flip(Buy9Intr, Sell9Intr);
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// *** Buy Countdown ***
//With respect to a pending Buy Signal, the close must be less than the low two days earlier; 
Con = C < Ref(L, -2);
Buy13Count = Sum(Con AND BuySignal, BarsSince(Buy9Intr));
Buy13Signal = Buy13Count == 13;

/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// *** Sell Countdown ***
//with respect to a pending Sell Signal, the Close must be greater than the High two trading days earlier.
Con = C > Ref(H, -2);
Sell13Count = Sum(Con AND NOT BuySignal, BarsSince(Sell9Intr));
Sell13Signal = Sell13Count == 13;
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
//*********************************************** TD Sequential Plotting area *************************************************/
Plot(C, "", IIf(O>=C, colorRed, colorGreen), styleBar);
PlotShapes(IIf(Buy9Intr OR Sell9Intr, shapeDigit9, shapeNone),colorBlue, 0, H, 20);
if(ShowNumbers)
PlotShapes(IIf(Buy9Bars==1, shapeDigit1,
 			 IIf(Buy9Bars==2, shapeDigit2,
  			 IIf(Buy9Bars==3, shapeDigit3,
  			 IIf(Buy9Bars==4, shapeDigit4,
  			 IIf(Buy9Bars==5, shapeDigit5,
  			 IIf(Buy9Bars==6, shapeDigit6,
  			 IIf(Buy9Bars==7, shapeDigit7,
  			 IIf(Buy9Bars==8, shapeDigit8,
			 IIf(Buy9Bars >9, shapeStar,shapeNone))))))))),colorGreen, 0, H, H*.001);
if(ShowNumbers)
PlotShapes(
 			IIf(Sell9Bars==1, shapeDigit1,
 			IIf(Sell9Bars==2, shapeDigit2,
  			IIf(Sell9Bars==3, shapeDigit3,
  			IIf(Sell9Bars==4, shapeDigit4,
  			IIf(Sell9Bars==5, shapeDigit5,
  			IIf(Sell9Bars==6, shapeDigit6,
  			IIf(Sell9Bars==7, shapeDigit7,
  			IIf(Sell9Bars==8, shapeDigit8,
			IIf(sell9bars>9, shapeStar,shapeNone))))))))),colorRed, 0, H, H*.001);

Sell = Sell13Signal AND NOT BuySignal;
Buy = Buy13Signal AND BuySignal;
Sell = ExRem(Sell, Buy);
Buy = ExRem(Buy, Sell);
PlotShapes(Sell*shapeDownArrow, colorYellow, 0, H, -H*.001);
PlotShapes(Buy*shapeUpArrow, colorBrightGreen, 0, L, -L*.001);

if(StrToNum(NumToStr(BuySignal)))
bgColor = ColorRGB(0,66, 2);
else
bgColor = ColorRGB(66,2, 0);
SetChartBkGradientFill( colorBlack, bgColor);
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
//*********************************************** TD Points Plotting area *************************************************/
if(ShowTDPoints)
{
PlotShapes(TD_Supply()*shapeSmallCircle, colorRed, 0, H, H*.001);
PlotShapes(TD_Demand()*shapeSmallCircle, colorGreen, 0, L, -L*.001);
///////////////////////////////////////////////////////////////////////////
y0 = StrToNum(NumToStr(ValueWhen(TD_Demand(), L)));
x = LineArray(0, y0, (BarCount-1), y0);
Plot(x, "", colorGold, styleDashed);
y0 = StrToNum(NumToStr(ValueWhen(TD_Supply(), H)));
x = LineArray(0, y0, (BarCount-1), y0);
Plot(x, "", colorGold, styleDashed);
}
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
//*********************************************** TDST Plotting area *************************************************/
// ---------------->>>> Code from Dave <<<----------------------
//
if(ShowTDST)
{
tdstba =Cum(0);
tdstb = Null;
HHV9 = HHV(H,9);
for (i = 0; i < 10; i++)  tdstba[i] = Null;

for( i = 10; i < BarCount; i++ ) 
{ 
  if (Buy9Bars[i] == 9)
    {
      HHV_b = HHV9[i];
      if (HHV_b > C[i-9])
                  tdstb = HHV_b;
             else tdstb = C[i-9];

      for (j = 0; j < 9; j++ )
          tdstba[i-j] = tdstb;
    }
      else tdstba[i] = tdstb;
}

tdstsa =Cum(0);
tdsts = Null;
LLV9 = LLV(L,9);
for (i = 0; i < 10; i++)  tdstsa[i] = Null;

for( i = 10; i < BarCount; i++ ) 
{ 
  if (Sell9Bars[i] == 9)
    {
      LLV_b = LLV9[i];
      if (LLV_b < C[i-9])
                  tdsts = LLV_b;
             else tdsts = C[i-9];

      for (j = 0; j < 9; j++ )
          tdstsa[i-j] = tdsts;
    }
      else tdstsa[i] = tdsts;
}
Plot(tdstba, "TDSTb", colorBlue,styleStaircase | styleThick|styleDots);
Plot(tdstsa, "TDSTs", colorRed,styleStaircase | styleThick|styleDots);

}
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Title =  "{{DATE}} - "+Name()+" ("+ FullName()+ ")  - "+" Open="+O+", High="+H+", Low="+L+", Close="+C+StrFormat(" (%.2f  %.1f%%) ",IIf(ROC(C,1)==0,0,C-Ref(C,-1)),SelectedValue( ROC( C, 1 )))+
"\n"+EncodeColor(colorBlue) +"TDST Buy = " +WriteVal(tdstba, 5.2) +" "+EncodeColor(colorRed) +"TDST Sell = " +WriteVal(tdstsa, 5.2)+
"\n"+EncodeColor(colorGold)+WriteIf(BuySignal, "(Buy Signal Active:"+Buy13Count, "(Sell Signal Active: "+Sell13Count)+")";

_SECTION_END();

I think this should solve your purpose.

 

[Satya.]

@vivek
wht tf r u using tdst?
is 1tf reliable?

 

[traderniftybull]

Today

NF 8177
and
BNF 18055
will play an important role in intraday trading.

If able to sustain above these numbers then we may see a good move.

A good probability for an open with positive bias and a gap up open in both indices.

 

[vivektrader]

@vivek
wht tf r u using tdst?
is 1tf reliable?

For TDST, I am using 5min TF. As far as I remember once ST sir told in demark thread that TDST work well in all time frames including 1min.
However TDsetups and countdowns work best on time frames hourly onwards.

Vivek

 

[Smart_trade]

I think we can enter long after TD buy setup also. As per Jason Perl book

"Perl’s Rules for Trading TD Buy Setups Objectively: Initiate a long position
1. When the TD Buy Setup has been perfected, that is, the low of TD Buy Setup bar 8 or 9 is less than the lows of TD Buy Setup bars 6 & 7.
2. When none of the bars within the TD Buy Setup has closed below TDST support, and
3. When the close of TD Buy Setup bar nine is in close proximity to TDST support."

ST Da already mentioned about entry point after countdown 13.

Regards,

Buying on TD setup completion is like buying on a correction in ongoing uptrend.Here the TDST support is not violated by the price. Buying on TD Countdown 13 is like buying on exhaustion of current downtrend in force and looking for catching the uptrend which is likely to follow.

In other words buying on TD set up 9 is buying in a correction and buying on TD countdown 13 is buying for a reversal of trend.

Smart_trade

 

[Smart_trade]

Sir,

For Bajaj Finance, was both TD buy setup & count down got completed and then a buy signal or a buy signal after TD buy set up. Because, i read that price reversal is possible after both TD buy set up and also after TD buy countdown as below, so it is kind of confusing for me.

"When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely. It is also at that point where TD Sequential starts the second phase with TD Countdown and is completed with a 13 count. When the 13 count is recorded, it is at that point, a price pause, price pullback, or a reversal is likely"

Thanks

Bajaj Finance ,Asian Paints buy signal was on completion of TD setup 9 and also TD countdown 13 so it was showing reversal of the downtrend and start of new uptrend.

The difference between buying on TD Setup 9 and TD set up 9 plus TD countdown 13 is posted in my post above.

ST