Thomas DeMark Sequential System

Ken,

Let me post the description of Bombay Dyeing Chart.

BOMBAY DYEING SEQUENTIAL BUY

There are two set ups on EOD charts.

Set Up No 1 : 1st Day 26-5-08 >Its high is 976=50 but for calculating SET UP DISTANCE and TDST we have to take TRUE HIGH.The close earlier day was 983=50 so this value is taken for calculating the set up length.

The last day of the set up is 13 th day(becayse on 14 th day we got a flip)The low of this set up was on 12 th dayand had low of 628.So the length of 1st set up is 983=50-628=355=50 points. There is no intersection on 8th or 9th day.Intersection is on 10 th day of set up and this is also 1st day of CD.

The second Set up :1st day 18-6-08 High 782/- 13 th day on 4-7-08 Low on 11 th day value 480/- Length of second set up = 782-480 = 302

The first set up is larger so continue CD on 1st set up. 12 th day on 16-7-08

The 13 th day of CD (on 17-7-08 )qualified on Terminal Count ? Got to chk BSE prices.


Best Wishes,

Smart Trade

Correct,Except the exception of 13 th terminal count.

Smart_trade

found this afl in traderji..is it related to the tom demark system??

_SECTION_BEGIN("Advanced Trend Lines");
function TD_Supply()
{
return ( H > Ref(H, 1) AND H > Ref(H, -1) AND H > Ref(C, -2));
}
function TD_Demand()
{
return ( L < Ref(L, 1) AND L < Ref(L, -1) AND L < Ref(C, -2));
}

function IsTD_Supply(n)
{
n = (BarCount - 1) - n;
return LastValue( Ref(H, -n) > Ref(H, -n+1) AND Ref(H, -n) > Ref(H, -n-1) AND Ref(H, -n) > Ref(C, -n-2));
}
function IsTD_Demand(n)
{
n = (BarCount - 1) - n;
return LastValue( Ref(L, -n) < Ref(L, -n+1) AND Ref(L, -n) < Ref(L, -n-1) AND Ref(L, -n) < Ref(C, -n-2));
}
function GetXSupport(Lo, Percentage, Back)
{
return ((BarCount - 1) - LastValue(TroughBars(Lo, Percentage,Back)));
}
function GetYSupport(Lo, Percentage, Back)
{
return (LastValue(Trough(Lo, Percentage, back)));
}

function GetXResistance(Hi, Percentage, Back)
{
return ((BarCount - 1) -LastValue(PeakBars(Hi, Percentage, Back)));
}
function GetYResistance(Hi, Percentage, Back)
{
return (LastValue(Peak(Hi, Percentage, Back)));
}
////////////////////////////////////////////////////////////////////////
//Parameters
Percentage = Param("Percentage", 0.5, 0.01, 100. ,0.01);
Lines = Param("Lines?", 5, 1, BarCount-2);
DrawR = ParamList("Resistance Points", "Off|High to High|High to Low", 1);
DrawS = ParamList("Support Points", "Off|Low to Low|Low to High", 1);
DrawAllLines = ParamToggle("Draw All Lines?", "No|Yes", 1);
Method = ParamToggle("Method", "TD Points|ZigZag",1);
ShowTDP = ParamToggle("Show TD Pionts", "No|Yes");
AllOrDownR = ParamToggle("Resistance Direction", "All|Down");
AllOrUpS = ParamToggle("Support Direction", "All|Up");
////////////////////////////////////////////////////////////////////////
Main = C;
Con = ConS = ConR = 1;
if(DrawS=="Low to Low")
{
Support1 = L;
Support2 = L;
}
else
{
Support1 = L;
Support2 = H;
}
if(DrawR=="High to High")
{
Resistance1 = H;
Resistance2 = H;
}
else
{
Resistance1 = H;
Resistance2 = L;
}
////////////////////////////////////////////////////////////////////////
//Plotting Area
Plot(Main, "", IIf(C>O,colorGreen, colorRed), styleBar);
if(DrawAllLines)
for(i = 2; i<=Lines+1; i++)
{
if(DrawS!="Off")
{
x0 = GetXSupport(Support1, Percentage, i);
x1 = GetXSupport(Support2, Percentage, i-1);
y0 = GetYSupport(Support1, Percentage, i);
y1 = GetYSupport(Support2, Percentage, i-1);
x = LineArray(x0, y0, x1, y1, 1);
if(!Method)
Con = (IsTD_Demand(x0) AND IsTD_Demand(x1));
if(AllOrUpS) ConS = y0 < y1;
if(Con AND ConS)
Plot(x, "", colorLightBlue, styleLine|styleThick);
}
if(DrawR!="Off")
{
x0 = GetXResistance(Resistance1, Percentage, i);
x1 = GetXResistance(Resistance2, Percentage, i-1);
y0 = GetYResistance(Resistance1, Percentage, i);
y1 = GetYResistance(Resistance2, Percentage, i-1);
x = LineArray(x0, y0, x1, y1, 1);
if(!Method)
Con = (IsTD_Supply(x0) AND IsTD_Supply(x1));
if(AllOrDownR) ConR = y0 > y1;
if(Con AND ConR)
Plot(x, "", colorRed , styleLine|styleThick);
}
}
else
{
if(DrawS!="Off")
{
x0 = GetXSupport(Support1, Percentage, Lines+1);
x1 = GetXSupport(Support2, Percentage, Lines);
y0 = GetYSupport(Support1, Percentage, Lines+1);
y1 = GetYSupport(Support2, Percentage, Lines);
x = LineArray(x0, y0, x1, y1, 1);
if(!Method)
Con = (IsTD_Demand(x0) AND IsTD_Demand(x1));
if(AllOrUpS) ConS = y0 < y1;
if(Con AND ConS)
Plot(x, "", colorLightBlue, styleLine|styleThick);
}
if(DrawR!="Off")
{
x0 = GetXResistance(Resistance1, Percentage, Lines+1);
x1 = GetXResistance(Resistance2, Percentage, Lines);
y0 = GetYResistance(Resistance1, Percentage, Lines+1);
y1 = GetYResistance(Resistance2, Percentage, Lines);
x = LineArray(x0, y0, x1, y1, 1);
if(!Method)
Con = (IsTD_Supply(x0) AND IsTD_Supply(x1));
if(AllOrDownR) ConR = y0 > y1;
if(Con AND ConR)
Plot(x, "", colorRed , styleLine|styleThick);
}
}

if(ShowTDP)
{
PlotShapes(TD_Supply()*shapeSmallCircle, colorRed, 0, H, H*.001);
PlotShapes(TD_Demand()*shapeSmallCircle, colorGreen, 0, L, -L*.001);
}
Title =FullName()+" ({{NAME}})\n{{DATE}}\n"+"Open: "+O+", Hi: "+H+", Lo: "+L+", Close: "+C;

_SECTION_END();

Thanks VVVV for ur message ...I do not think that the AFL is related to demark system...

The DeMarker indicator is an attempt to overcome the shortcomings of classical overbought / oversold indicators. The DeMarker Indicator identifies potential price bottoms and tops. It accomplishes this by making price comparisons from one bar to the next and measuring the level of price demand.
is this of any use.got from a forex blog


//DeMarker AFL
highm = IIF( H > Ref( H, -1 ), H - Ref( H, - 1), 0 );
lowm = IIF( L < Ref( L, -1 ), Ref( L, - 1 ) - L, 0 );

DeMarker = 100 * Sum( highm, 13 )/( Sum( lowm, 13 ) + Sum( highm, 13 ) );

graph0 = DeMarker;

DeMarker should be interpreted as other overbought / oversold indicators such as RSI with the levels
//of 30 AND 70. Compared to RSI it is smoother but still able to detect tops AND bottoms a little bit better.

Thanks & Regards
ken

DeMarker is an ocillator giving overbought/oversold conditions of the market.It attempts to eliminate most of the drawbacks of conventional oscillators like RSI,Stochastics etc

Trade well,

Smart_trade

http://img297.imageshack.us/img297/5...breakoupb4.jpg

Posting today"s (1-9-2008) Nifty Fut 5 Min chart . Market opened with a gap,attempted a feable rally and went down and established a Buy TDST at 4331=65. Mkt traded below this level all throughout the day but at 3=00 broke the TDST on upside confirming end of downmove and traded up above that level till the end !!!

Best Wishes,Trade Well !!!

Smart_trade

Nice observations and posting me Smart Trade.
thanks.

nice stuff about TD,THX