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Hi
The following lines relating TD sequential formula. I copied this
table from Demark.pdf book from somewhere.
The TD Sequential formula is available in formula library, but in
that formula it is ending with 9.....after that.........what action
we should taken?
And also i'm posting one file in files section called "Impressive
signals from Demark.pdf".
Kindly read that file i hope someone can convert this code afl
language.
regards... ajay
=======================
TD Sequential? -- TD SEQ
=========================
Sequential? is a pattern recognition technique designed to identify
both high risk and low risk entry zones.
This indicator is contratrend since it anticipates areas of price
exhaustion which often occur just prior to, or
coincident with, price turning points. There are two components to
Sequential -- the Setup? and the
Countdown? phases. Whereas minor price reversals are generally
associated with the completion of Setup,
major turning points are typically identified upon completion of
Countdown.
A Buy Setup is a series of "X" consecutive trading bar closes less
than the close "Y" trading bar closes
earlier. These are displayed on a chart with blue numbers positioned
beneath each respective bar.
Conversely, a Sell Setup is a series of "X" consecutive trading bar
closes greater than the close "Y" trading
bar closes earlier. These are displayed on a chart with red numbers
positioned above each respective bar.
Prior to completion of Setup, the Setup must be "perfected"
or "qualified" by successfully fulfilling a process
called Intersection?. Countdown will not commence until Intersection
has occurred. Intersection occurs for a
Buy Setup once the high of bar eight (8) or of bar nine (9) or the
first subsequent bar to any standard nine (9)
bar Setup is greater than or equal to the low of any bar three or
more bars earlier up to and including the first
bar of the Setup. Conversely, Intersection occurs for a Sell Setup
once the low of bar eight (8) or of bar nine
(9) or the first subsequent bar to any standard nine (9) bar Setup
is less than or equal to the high of any bar
three or more bars earlier up to and including the first bar of the
Setup.
UNLESS other conditions are selected during the Countdown process,
should the market complete another
Setup, "Before, On, or After the Countdown is complete and prior to
the first bar of a new Setup in the other
direction", the Countdown must begin again. This method of
cancellation of the ongoing Countdown and
restarting is called Recycle?.
Parameters for TD Sequential?
================================
Parameter = Default = Description
================================
Color = Setup: Blue CountDown: Red Intersection: Blue = Colors used
for Setup (blue), CountDown (red), and
Intersection (blue).
Setup Price
CountDown
Price = Close = Price used for comparing previous bars. Optional
choices are: open, high, true high, low, true
low, close, mid-point, HLC/3, average, buy
high/sell low, buy low/sell high, buy true
high/sell true low, buy true low/sell true high.
Setup Period 4 = This user selects the specific reference bar for
establishing Setup; i.e. current bar versus previous
bar - (4).
CountDown Period 2 = This user selects the specific reference bar
for
establishing CountDown; i.e. current bar versus
previous bar - (2).
Intersection Period = On = Selected via a checkbox.
Setup Signal = 9 = This selection determines number of trading bar
comparisons for establishing Setup.
CountDown Signal = 13 = This selection determines the number of
trading
bar comparisons for establishing CountDown.
Intersection Signal = 8 = This selection determines the first bar of
Setup to
look for Intersection.
Setup Advanced = Cancels >>> Access to the Cancels Dialog for TD
Sequential.
Countdown Advanced = Parameters >>> Access to Parameters Dialog for
TD Sequential.
Intersection Advanced = Qualifiers >>> Access to Qualifiers Dialog
for TD Sequential.
Setup Display = both = This selection allows for the display of both
the
Setup and the CountDown. Optional settings: include only Setup or
include only cDown.
Countdown Display = Levels >>> Access to the Countdown Levels Dialog.
Setup Update = 1.
The user selects the conditions required for Canceling Setup once
Countdown begins. These conditions may
be turned on/off individually via the Setup Cancels Dialog
checkboxes.
Please note that this group is for discussion between users only.
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