hi,
I am trying to code it right now and will post maybe next week. However, if I
look at the chart that you add then this does not follow the Demark rules as I
understand them. Found his book somewhere on the net and he explains 3 phases
to this system, the setup phase, the intersection phase and the countdown
phase. The intersection phase I omit for now since he says that it is of least
importance and was actually designed to avoid stocks that are going bankrupt.
He explains that in these modern markets this hardly occurs. Not sure what
markets he is looking at but what I am seeing now is that management fills
their pockets as soon as possible and gives f...all if the company goes belly
up, just seek bankruptcy protection and start and new listed company, that's
the way you make money in this modern age.
This aside, when the setup phase is finished only then the countdown phase
starts, not earlier. In the chart you show the countdown phase already starts
when the setup phase starts. In charts Demark provides in his book you never
see the numbers of the setup phase plotted at the same bar as the countdown
phase. If I am wrong please explain the rules.
As far as I got programming this I am not impressed by the countdown phase.
Basicly after the setup phase you still have to wait at least 13 bars before
you get confirmation that you can buy. I think the setup phase itself gives
pretty nice signals, countdown seems to make things worse at the first glance.
below some code Dimitris coded few years back. It is basicly the setup phase of
the TD sequental system only it is generalized (not limited to 9 consecutive
events), rgds, Ed
// Generalised Sequential buy/sell signals
SetChartOptions(0, chartShowDates);
GraphXSpace = 5;
Plot(C,"C",colorWhite,64);Title=Name()+",";
for(x=8;x<25;x++)
{
b2=Sum(C<Ref(C,-4),x) == x;
Buy=b2==0 AND Ref(b2,-1) AND dma1 > 0;
//PlotShapes((shapeHollowSmallCircle)*b2,x);
PlotShapes(shapeUpArrow*Buy,colorWhite,0,C,0 );
Title=Title+WriteIf(b2,"b["+WriteVal(x,1.0)+"]","");
}
for(x=8;x<25;x++)
{
s2=Sum(C>Ref(C,-4),x) == x;
Sell=s2==0 AND Ref(s2,-1) AND dma1 < 0;
//PlotShapes((shapeHollowSmallCircle+shapePositionAbove)*s2,x);
PlotShapes(shapeDownArrow*Sell,colorYellow,0,C,0 );
Title=Title+WriteIf(s2,"s["+WriteVal(x,1.0)+"]","");
}
----- Original Message -----
From: droskill
To: [email protected]
Sent: Friday, May 08, 2009 6:23 PM
Subject: [amibroker] TD Sequential again...
Hey all - I've done searches on TD Sequential and found the two existing
indicators in the library, but I found that neither seems to do the 13 day part
of the indicator - they seem to only do the 9 day. Does anyone have something
like that? Here's a sample of what I'm trying to get to:
http://maoxian.com/images/2009/510050sequential.png
Thanks!
