1. TDST lines work well on all time frames including 1min, however sequential works with great accuracy on daily.
2. & 3. TDST (and setups) are based on closing prices, don't repaint after candle close or EOD.
4. They have substantial edge on EOD daily charts, however the bias generated can be used intraday i.e. in direction of dominant trend. For e.g. say a script on daily chart has just broke a TDST buy (blue line) after a completed buy sequential, trend up is likely to continue, so in intraday also we trade with long bias, as they are more likely to succeed.
Vivek
1. There are 2 afls .. 1st and 2nd page of this thread .
which to use?
2. I am asking for TDST .. because
a. read in an interview ... Tom demark was Vice president for Tudor Hedge fund for short time.
b. Physically analyzing .. marking S/R levels on 10-15 scripts daily.. That too on 1 Min TF .. and then monitoring / checking again n again,,,. is a little tiresome .... earlier I traded 2-3 Scripts .it was ok ...... but then they started ranging for longer time .. getting whipsawed ... So for 15 Scripts its tiresome..
c. what I am seeing is . on 1 min ..if Price >
TDSTb and
TDSTs then its trending ..
IF in between them .. then ranging ..
AM I CORRECT ??
3. Can it be used In scalping ... if levels are not repainting ? is it recommended ?