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 -----
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!
