Tom de mark sequential monitor for nifty50 stocks

I have always read that countdown should be done manually, as there are lots qualifiers, variations etc., don't think afl can be coded beyond setup count.
However if there is one we can Countercheck charts by marking manually.

Vivek

TD Sequential, best for Daily TF
1. Setup
TD BUY: 9 or more (there is no max) consecutive bars each which closes LOWER than the bar 4 Bars prior.
TD SELL: 9 or more (there is no max) consecutive bars each which closes HIGHER than the bar 4 Bars prior.

2. Perfection
TD Buy: Low of bars 8 or 9 should be lower than the low of bar 6 and bar 7
TD Sell: High of bars 8 or 9 should be higher than the high of bar 6 and bar 7

3. TD Sequential: Intersection
TD Buy: high of any day on or after the 8th day of the setup is greater than or equal to the low of any day 3 or more days earlier.
TD Sell: low of any day on or after the 8th day of the setup is lower than or equal to the high of any day 3 or more days earlier.

4. TD Countdown:
TD Buy: if (setup && intersection) equal to true
then count the number of days in which the close is lower than the low 2 days earlier (Close < Low[i - 2]; need not be not consecutive
TD Sell: if (setup && intersection) equal to true
count the number of days in which the close is higher than the high 2 days earlier (Close > High[i - 2]; need not be not consecutive

5. Cancellation:
A. Setup cancellation:
TD Buy cancelled if 9 bar sequence broken
TD Sell cancelled if 9 bar sequence broken
OR
NEW TD SETUP formed.

B. Countdown cancellation:
TD BUY CD:
Condition 1: If the TDST (setup bar 1 high ) breached by any CD bar high
Condition 2: NEW TD SETUP formed.

TD Sell CD:
Condition 1: If the TDST (setup bar 1 low ) breached by any CD bar low
Condition 2: NEW TD SETUP formed.

In one of his videos, he emphasizes so I think its a bit of both.
And in another video, he says, "Its not in the book", just check the video posted by happysingh or the one I posted..

Bhai, I've put lot of effort compiling the above post :lol::lol::lol:

I think the video is quite old and Jason Pearl's book came much later. Is there any new book where the latest rules can be found out ?

I'm not sure of that, but both perfection and intersection make sense otherwise you'll get a lot of setups and the odds of failing would increase thereby killing probability.
Some Research paper I read with intersection gives high success output.

Yes I know,it needs great amount of effort and intelligence to comprehend and decipher the nuances of Tom de Mark system.
But we will collectively make it usable for ourselves.
ST sir has been trading this system for more than 8-9 years (his posts from the old thread suggests). It was a great thread, but as most of the charts there are gone (many by ST), I started this thread to start from elementary principles (and mistakes).
I have felt that things are getting less confusing as I am spending more time.
Best part of this system is its objectivity and great RR.
Continue to participate, you, Manoj bhai and many others have good hold on the concept, I am naive.
Let's do some sagar manthan...

Vivek

After having a look at the video depicting 'trading 9s', I again went through the charts I posted and found how they rallied after completed buy setups (which were perfect and 9 was lower than 6too). They just flew.

Vivek

Which buy setup is this buy CD13 considering?
Where is CD1, to further left?

Vivek

is't the rule for perfection that Low on 8/9 should be lowest of them all (1-7)
i.e.

Min(L, Ref(L,-1)) < Ref(LLV(L,7),-2)

or

Max(H, Ref(H,-1)) > Ref(HHV(H,7),-2)


Happy