Tom de mark sequential monitor for nifty50 stocks

Yes it is tradable as new sell setup can start now and trade can be exited at completion of sell setup with stop loss below resistance closing basis

Originally posted by ST sir in Demark thread:
"Intersection ensures that the brakes are applied on market activity and we dont apply sequential in run -a- way phase. Intersection requires that in case of sell set up , the low of the set up bar 8 or 9 be less than or equal to the high 3 or more trading days earlier , upto and including the first day of the set up.

If the intersection takes place on 8th or 9th bar, the count down is started from 9th set up bar meaing 9th set up bar can be first countdown bar if it satisfies the countdown conditions."

thanks

Nice thread Vivektrader. Good discussions. Now we dont have to track scrips for TD sequential as basic buy/sell set up is there for all nifty 50 scripts. That work is done


Heres one example. Applied to nifty50
https://in.tradingview.com/x/UqrlVwEs/


Steps to do.
1. Use this script.
https://www.tradingview.com/script/nUtNecpf-TD-Sequential/

2. Apply this code on any scripts provided by tradingview.com.

1. should we sign up for an account with trading view?

2. after opening a particular chart in trading view where do we add this code?

thank

There is no intersection on 8th or 9th bar ,so countdown has to wait till we get intersection.

Intersection is important part of sequential.It ensures that the brakes are applied to the price activity and avoids selling in strong running markets.

Smart_trade

ST da,
Can you please eloberate it with a chart?

Took liberty to answer with ST Sir advised to rest more & bcos its a reiteration

I'm using same chart to emphasize on topic.
If bars 8 and 9 are weak, then there's possibility of misleading. Therefore, TD requires the lows (not close) to atleast get below Bar 7 to indicate bearishness.

Also, countdown begins only after intersection, if 8/9 do it, then CD1 starts with bar 9. Also, TD buy/sell setup may have more than 9 bars.

If you see, you are getting higher lows (& highs) instead, (no bearish signs) so if you'd have shorted around bar 9, then SL would've hit.

Took liberty to answer with ST Sir advised to rest more & bcos its a reiteration

I'm using same chart to emphasize on topic.
If bars 8 and 9 are weak, then there's possibility of misleading. Therefore, TD requires the lows (not close) to atleast get below Bar 7 to indicate bearishness.

Also, countdown begins only after intersection, if 8/9 do it, then CD1 starts with bar 9. Also, TD buy/sell setup may have more than 9 bars.

If you see, you are getting higher lows (& highs) instead, (no bearish signs) so if you'd have shorted around bar 9, then SL would've hit.