Thomas DeMark Sequential System
- Thread starter leo_3455
- Start date
This is the best AFL that I was able to find. It is nicely documented. . . . slow, but matches most of the signals from Bloomberg. I use it to run the 'Explore' feature in 'Analysis'.
For Sequential and Combo the open can be used as a substitute for the close on Countdown Bar 13. This is the default setting that is used by DeMark on Bloomberg. I am not certain that it addresses this rule.
It is also missing Combo. The addition of Combo Version 2 (outlined in Perl's book) would make it an even more useful AFL.
For Sequential and Combo the open can be used as a substitute for the close on Countdown Bar 13. This is the default setting that is used by DeMark on Bloomberg. I am not certain that it addresses this rule.
It is also missing Combo. The addition of Combo Version 2 (outlined in Perl's book) would make it an even more useful AFL.
.. completed 13 count and bang ....
1) I find that these TD Lines work best on daily timeframe. I have tried them on intraday timeframes of 5/15/30/60 min but the accuracy which the daily timeframe gives, I found that intraday does not give that accuracy.
2) If you are considering standard version of TD Lines, then having TD Supply line which is upsloping is not possible because in construction of this line, we go from left to right and we connect immediate TD high above the price to a Higher TD high on the left ....so it has to be downslopping. Similarly, for TD Demand lines we connect TD Point low immediately below the price to a lower TD point low...so the TD Demand line has to be upsloping and it cannot be downsloping due to the points we connect in its construction.
3) Breakouts are defined as under :
i) Up breakout is the one in which TD supply line is broken on upside and successively higher TD supply lines break without TD Demand line breaking.....and vice versa for Downside breakdown.
ii) When we have a market which alternatively keeps breaking TD Demand and TD supply lines without making progress in any direction , we have a sideways market at hand.
Hope the above clarify your doubts.
Smart_trade
2) If you are considering standard version of TD Lines, then having TD Supply line which is upsloping is not possible because in construction of this line, we go from left to right and we connect immediate TD high above the price to a Higher TD high on the left ....so it has to be downslopping. Similarly, for TD Demand lines we connect TD Point low immediately below the price to a lower TD point low...so the TD Demand line has to be upsloping and it cannot be downsloping due to the points we connect in its construction.
3) Breakouts are defined as under :
i) Up breakout is the one in which TD supply line is broken on upside and successively higher TD supply lines break without TD Demand line breaking.....and vice versa for Downside breakdown.
ii) When we have a market which alternatively keeps breaking TD Demand and TD supply lines without making progress in any direction , we have a sideways market at hand.
Hope the above clarify your doubts.
Smart_trade
other info on td indicators
http://news.cqg.com/cgi-bin/mt/mt-search.cgi?blog_id=7&tag=DeMark Indicators&limit=10
http://news.cqg.com/cgi-bin/mt/mt-search.cgi?blog_id=7&tag=DeMark Indicators&limit=10
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