hi, thanks, was not planning to put that much time in it. His book is on the net, not sure if this is allowed but you can just google it: http://books.google.be/books?id=YoLisyN_h18C&pg=PA126&lpg=PA126&dq=TD+sequential+countdown+intersection&source=bl&ots=xBMxFQGZ6F&sig=0m2WPfjG9TWZi8DPb8KwnyTmF78&hl=nl&ei=1pYESreRKeO6jAe70anpBA&sa=X&oi=book_result&ct=result&resnum=2#PPA125,M1 he explains the steps himself. On page 129 you see a chart and the countdown at the earliest starts at bar number 9. If you include the intersection constraint it could even start later than that. regards, Ed
--- In [email protected], "wavemechanic" <fim...@...> wrote: > > If you are going to get into the DeMark's sequential stuff (and more) you > might find that the information available on the net is not super clear, > resulting in more head scratching than you would like. However, there is a > new book that does a fairly good job of breaking DeMark's indicators down > into programmable steps which I think you might find quite helpful. > > http://www.amazon.com/DeMark-Indicators-Bloomberg-Market-Essentials/dp/1576603148/ref=sr_1_1?ie=UTF8&s=books&qid=1241954271&sr=1-1# > > http://www.ordering1.us/bloombergbooks/product.php?pid=328 > > > ----- Original Message ----- > From: Edward Pottasch > To: [email protected] > Sent: May 10, 2009 4:22 AM > Subject: Re: [amibroker] TD Sequential again... > > > > > > 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! >
