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I have been playing with Sequential and Combo this weekend. Both use the 9 day Setup where one wait until there have been 9 consecutive days where the close is higher/lower than the close 4 days earlier. In reviewing the charts in DeMark's book and several magazine articles, I have notices gaps in the "consecutive day". Did I miss something here. My view of consecutive would be the last 9 trading days, no gaps. Any comments???
-----Original Message-----
From: A.J. Maas [SMTP:anthmaas@xxxxxx]
Sent: Saturday, July 11, 1998 4:01 PM
To: Metastock-List
Subject: DeMark Indicator, and REI Indicator.
DeMark Indicator, and REI Indicator.
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SOFTWARE: Metastock
SW VERSION: 5.0
FORMULA NAME: DeMark Indicator, and REI Indicator.
INVENTOR: Maury Hill (EquisInt@xxxxxxx - Equis Support) Reprinted here with kind permission. SUBMITTED BY: Ian Rawnsley (sdavidr@xxxxxxxxxxx) MetaStock User Group AUCKLAND NEW ZEALAND SUBMITTED ON: Jun 10 1995.
PUBLISHED: Page 98 and 100 of Tom Demark's new book, "The New Science of Technical Analysis" 1994.
COMMENTS: Note that the DeMark indicator on page 100 follows first and is contained in one formula only.
The REI(Range Expansion Index follows that and is contained over 5 formulas. They could probably be compacted to one formula, but I felt that this is more readable as Tom DeMark presents them in a similar manner.
FORMULA:
Formula Name: DeMark Indicator
Sum(If(H,> ,Ref(H,-1),H-Ref(H,-1),0),13)/(Sum(If(H,> ,Ref(H,-1),H-Ref(H,-1),0) ,13)+ Sum(If(L,> =,Ref(L,-1),0,Ref(L,-1)-L),13))
Formula Name: REI Indicator VAR1:
If(Ref(H,-2),< ,Ref(C,-7),If(Ref(H,-2),< ,Ref(C,-8),If(H,< ,Ref(L,-5),If(H,< ,Re f(L,- 6),0,1),1),1),1)
VAR2:
If(Ref(L,-2),> ,Ref(C,-7),If(Ref(L,-2),> ,Ref(C,-8),If(L,> ,Ref(H,-5),If(L,> ,Re f(H,- 6),0,1),1),1),1)
SubValues:
( Fml("Var1") * Fml("Var2") * (H-Ref(H,-2)) ) + (Fml("Var1") * Fml("Var2") * (L-Ref(L,-2)) )
AbsDailyVal:
( Abs(H-Ref(H,-2)) + Abs(L-Ref(L,-2)) )
REI2:
Sum(Fml("SubValues"),8) / Sum(Fml("AbsDailyVal"),8)
To the best of my knowledge, these are correct. Please inform me if you experience any problems.
Thank You - Maury Hill [EQUIS Support]
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