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 -----
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!
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