Tom de mark sequential monitor for nifty50 stocks

vivektrader

In persuit of financial independence.
#41
Travi,

Can you post a countdown example please. If you know of some stock which recently satisfied and worked as expected... Use tradingview any stocks and theres a share screenshot button too.
So effectively there should be some overlap between any of bars 1to 6 and bar 8 or 9.
Is the interpretation correct Ravi bhai?
If the intersection doesn't occur at bar 9 (like in Maruti), but occurs say 3bars later, will the setup be valid and from what bar will the CD start?
 
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travi

Well-Known Member
#42
So effectively there should be some overlap between any of bars 1to 6 and bar 8 or 9.
Is the interpretation correct Ravi bhai?
Correct, ideally bars 8 or 9 overlap 1-6.
If the intersection doesn't occur at bar 9 (like in Maruti), but occurs say 3bars later, will the setup be valid and from what bar will the CD start?
1. Generally, any setup will be valid until another opposite setup cancels the current one. If same setup appears, its a recycle.

2. Now in this case at bar 9 it hasn't happened.
a. Keep counting setup bars as long as the close is higher than previous 4 bars.

b. When the newer bars complete intersection, your countdown will start (just like it would have if the 9th bar would have done it).
Countdown condition is flexible after it starts. it can have dummy bars in between.
 

travi

Well-Known Member
#43
Travi,
Can you post a countdown example please. If you know of some stock which recently satisfied and worked as expected... Use tradingview any stocks and theres a share screenshot button too.
Will have to check Bhai, hope some1 will post here :D
 

vivektrader

In persuit of financial independence.
#44
Correct, ideally bars 8 or 9 overlap 1-6.


1. Generally, any setup will be valid until another opposite setup cancels the current one. If same setup appears, its a recycle.

2. Now in this case at bar 9 it hasn't happened.
a. Keep counting setup bars as long as the close is higher than previous 4 bars.

b. When the newer bars complete intersection, your countdown will start (just like it would have if the 9th bar would have done it).
Countdown condition is flexible after it starts. it can have dummy bars in between.
Ravi,
You seem to have a good hold of the concept.
Very well explained, please be active in this thread.
Thanks
 

wisp

Well-Known Member
#46
Correct, ideally bars 8 or 9 overlap 1-6.
From the video it looks likes for intersection for sell set up either 8,9 or if 8 and 9 dont qualify, then any bar after that whose close is higher than the close 4 days earlier should have a low that is that is lower than or equal to the high 3 bars earlier or further on up to bar 1.
 
#47
Intersection ensures a pause in trend so that, if the trend is in full flow, kind of a runaway train, we do not end the count at 9.


The code that is posted above compares previous 5 bars for intersection,
but has 2 minor errors

1) for intersection both Bars 8/9 are compared with 6-2
(bar 9 should be compared with 6-1 and bar 8 with 5-1)

2)it uses >= and <= where as TD clearly mentions not to use = during setup, and = can be used during count down.

Code:
/*
Con1 = (H >= Ref(L, -3)) OR ( Ref(H, -1) >= Ref(L, -3));
Con2 = (H >= Ref(L, -4)) OR ( Ref(H, -1) >= Ref(L, -4));
Con3 = (H >= Ref(L, -5)) OR ( Ref(H, -1) >= Ref(L, -5));
Con4 = (H >= Ref(L, -6)) OR ( Ref(H, -1) >= Ref(L, -6));
Con5 = (H >= Ref(L, -7)) OR ( Ref(H, -1) >= Ref(L, -7));
Buy9Intr = Buy9Req AND (Con1 OR Con2 OR Con3 OR Con4 OR Con5);
*/
Replace the above with
Code:
Buy9Intr = Buy9Req AND (H > Ref(LLV(L,6),-3) OR Ref(H,-1) > Ref(LLV(L,5),-3));
and
Code:
/*
Con1 = (L <= Ref(H, -3)) OR ( Ref(L, -1) <= Ref(H, -3));
Con2 = (L <= Ref(H, -4)) OR ( Ref(L, -1) <= Ref(H, -4));
Con3 = (L <= Ref(H, -5)) OR ( Ref(L, -1) <= Ref(H, -5));
Con4 = (L <= Ref(H, -6)) OR ( Ref(L, -1) <= Ref(H, -6));
Con5 = (L <= Ref(H, -7)) OR ( Ref(L, -1) <= Ref(H, -7));

Sell9Intr = Sell9Req AND (Con1 OR Con2 OR Con3 OR Con4 OR Con5);
*/
Replace the above with
Code:
Sell9Intr = Sell9Req AND (L < Ref(HHV(H,6),-3) OR Ref(L,-1) < Ref(HHV(H,5),-3));

Happy :)
 

wisp

Well-Known Member
#48
Intersection ensures a pause in trend so that, if the trend is in full flow, kind of a runaway train, we do not end the count at 9.


The code that is posted above compares previous 5 bars for intersection,
but has 2 minor errors

1) for intersection both Bars 8/9 are compared with 6-2
(bar 9 should be compared with 6-1 and bar 8 with 5-1)


Is there a way to code the second bullet point in as well?
 
#50
The intersection component makes sequential system dynamic, so that in very strong vertical markets it doesn't give false oversold/overbought signals/reversal signs which RSI suffers from.

Vivek
RSI is an excellent indicator and it does not give false signal in vertical mkts. probably you dont know how to analysis RSI.

regds,
 

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