Thomas DeMark Sequential System

[Smart_trade]

http://img361.imageshack.us/my.php?image=nifty60co3.jpg

Posting Nifty Futures Hourly chart.Observe that the upmove till 8 th Sept found it extremely difficult to take out Buy TDST at 4588=80. The downmove which started from 8th Sept( 60 min flow also signalled a sell today ) will face support at a Sell TDST at 4287.If this level gets broken on the downside,then we are in for a sustained downmove ......

Best Wishes,Trade Well !!!


Smart_trade

 

[Smart_trade]

http://img223.imageshack.us/my.php?image=niftyf5m100908wv7.jpg

Posting yet another chart,this time it is Nifty Fut 5 min till 10-9-2008.

Observe the rhythem of the market.See that TDST at 4467=35 was broken on the downside but rallies fail to break 4451=40 and 4471 signalling a downturn in Nifty Futures .

Best Wishes,Trade Well !!!

Smart_trade

 

[vvvv]

though this is not related to tom demark but cudnt have found a better place to post it as here we have both metastock & amibroker programmers in 1 place.
i am postin the metastock formula for AMA(adaptive mov avg).this goes totally flat during range bound markets.can any1 translate it into amibroker.
i cant understand the last 2 lines as u dont have the PREV & PWR syntax in amibroker...thnks


Periods := Input("Time Periods:",1,1000, 10);
Direction := CLOSE - Ref(CLOSE,-periods);
Volatility := Sum(Abs(ROC(CLOSE,1,$)),periods);
ER := Abs(Direction/Volatility);
FastSC := 2/(2 + 1);
SlowSC := 2/(30 + 1);
SSC := ER * (FastSC - SlowSC) + SlowSC;
Constant := Pwr(SSC,2);
AMA := If(Cum(1) = periods +1, Ref(CLOSE,-1) + constant * (CLOSE - Ref(CLOSE,-1)),PREV + constant * (CLOSE - PREV));
AMA

 

[karthikmarar]

VVVV

AMA is a standard function in Amibroker.

fast = 2/(2+1);
slow = 2/(30+1);
dir=abs(close-ref(close,-10));
vol=sum(abs(close-ref(close,-1)),10);
ER=dir/vol;
sc =( ER*(fast-slow)+slow)^2; graph0 = ama( close, sc );

 

[kkseal]

It's the Kaufman AMA or KAMA. Later modified to this :-

{ Kaufman AMA indicator }
PriceSeries:=Input("Prices series - 0:O|1:H|2:L|3:C",0,3,3);
Periods:=Input("Periods",1,32767,10);
FEndF:=Input("Fast end factor",0,1,0.666);
SEndF:=Input("Slow end factor",0,1,0.0645);
Pr:=If(PriceSeries=0,OPEN,If(PriceSeries=1,HIGH,If(PriceSeries=2,LOW,CLOSE)));
Signal:=Abs(Pr-Ref(Pr,-Periods));
Dnoise:=Abs(Pr-Ref(Pr,-1));
Noise:=Sum(Dnoise,Periods);
EffRatio:=If(Noise>0.,Signal/Noise,0.);
FERatio:=FEndF*EffRatio+SEndF*(1-EffRatio);
SmoothF:=Power(FERatio,2);
PKAMA:=Pr*SmoothF+(1-SmoothF)*PREV;
PKAMA;

In Ami, KAMA = AMA(Pr, SmoothF)

It's adaptive to the noise-filtered momentum.

Regards

 

[Czar]

The TD system gave a buy yesterday in Nifty ?

 

[Apurv7164]

On 8th October Nifty seems to have completed fresh set up i.e. it seems to have recorded 9.

Not sure if we can trade on completion of set up. However, as per Jason Perl, startning of countdown phase is definite trend following indicator.... I am trying to understand his derivatives of Tom DeMark....

Anyone who understands Jason's trading concepts on Tom DeMark, please through some light....

Apurv
Still not an expert...

 

[nilaish]

On 8th October Nifty seems to have completed fresh set up i.e. it seems to have recorded 9.

Not sure if we can trade on completion of set up. However, as per Jason Perl, startning of countdown phase is definite trend following indicator.... I am trying to understand his derivatives of Tom DeMark....

Anyone who understands Jason's trading concepts on Tom DeMark, please through some light....

Apurv
Still not an expert...

Dear Apurv,
have you read jason perl's new book "demark indicators" or from where you get his article. I am currently studying demark's books. I have not seen nifty chart but as per demark even the completion of countdown phase can give bounce back.

regards
nilaish

 

[Apurv7164]

Yes Sir, I bought "DeMark Indicators" by Jason Perl. However, have not got much time to read it thoroughly due to recent work pressure in my Primary job.....

I can say from my at a glance reading that Jason has practically explained DeMark methodologies.....

 

[nilaish]

Yes Sir, I bought "DeMark Indicators" by Jason Perl. However, have not got much time to read it thoroughly due to recent work pressure in my Primary job.....

I can say from my at a glance reading that Jason has practically explained DeMark methodologies.....

Dear Apurv,
First of all don't call me sir, I am only a junior member. I was also planning to bought the book, but I will have to wait till it's available in india as i dont know how to buy through amazon.
anyway best of luck for your trading.
regards
nilaish