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PureBytes Links
Trading Reference Links
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email me at epintoem@xxxxxxxxx and I will send you the code
--- In amibroker@xxxxxxxxxxxxxxx, "Martin M" <marmal@xxxx> wrote:
> Hi,
>
> My first post, let's see if this works...
>
> In his book The New Science of Technical Analysis Tom Demark
describes objective and automatic ways to draw trendlines. For
example: a TD demand line can be drawn connecting the two most recent
troughs conforming to the following criteria:
> Yesterday's low is higher than today's low
> Tomorrow's low is higher than today's low
>
> So a trough has higher lows on both sides. The two most recent
troughs are then connected with a trendline and the trendline is
extended into the future. If at anytime the trendline is broken a
short position can be initiated at the point of the line break. If a
new trough is created the trendline is re-drawn between the lows of
the two most recent troughs. Additionally, the demand line must have
a positive slope so the most recent trough's low must be higher than
the previous one.
>
> Similarly, a TD supply line kan be drawn connceting the two most
recent tops (a bar with lower highs on both sides) and a break of a
supply line can work as a trigger for a long position or to cover a
short or both. Likewise, the supply line must have a negative slope.
>
> I have seen succesful trading systems only based on TD Lines, but I
am not good enough to program it into amibroker. So I was wondering
if someone can help?
> It doesn't look too difficult, though. The troughs and tops
must "only" be defined and connected with trendlines.
>
> Any help would be very appreciated,
> Martin from Sweden
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