scarf

Demark TD Sequential Alerts (Simplified)

צפיות ‎9246‎
1653
Having all those numbers onscreen doesn't do much for me, so I've made the important ones (i.e. the 9s and 13s) very obvious while hiding the counting. You can re-enable it in settings. Due to Tradingview limitations it can look a bit odd with them enabled, as I have made some sacrifices to prioritised visual simplicity.

I've also added alerts for the 4 different BUY/SELL signals so you can even step away from the charts!

There isn't much wiggle room with the TD Sequential rules so I find the best way to 'tune' the performance is to open your favourite trading pair and then cycle through timeframes (1H, 2H, 4H, 6H, 12H, D, etc.) until you find the one where the signals are showing closest to the tops and bottoms of trends. It's usually a pretty striking difference when you find the right one.

I don't have a huge amount of experience with this type of trading so any purists out there are welcome to correct me or offer suggestions.
הערות שחרור: Update removes the TD13 signals because the code doesn't reflect the original Demark rules. The main use of Sequentials (in my opinion) is the TD9 signals to show exhaustion anyway, so I'm leaving it like that for now until I have a chance to debug the TD13s issue.
הערות שחרור: Updated to Pine version 3
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תגובות

Hello Scarf, I think you're the only person who simplified the Demark sequential, that was so good to me because it make the charts not as messy as before, thanks again for created this "MISS" (make it simple stupid approach) for us. =D

+4 השב
With thanks to the scripts by glaz, bioharz and stripykitteh, but mostly this page, which explains the concepts beautifully: https://tradetrekker.wordpress.com/tdsequential/
+4 השב
@scarf, I like this very much! But the alerts aren't always triggering. Any thoughts on why? Any repainting going on or something?
+1 השב
scarf romangeniuz
@romangeniuz, I'm not sure why that might be. There's no repainting. Can you PM me some more details?
השב
scarf romangeniuz
@romangeniuz, I misunderstood the question. The indicator will show and then remove a signal as it become value or invalid. If you're using this to trade then wait until the bar closes, and make sure you alerts are set to fire on bar close.
+2 השב
Thanks Scarf, how do you setup the Alert ? Which condition should I use? Thanks!
+3 השב
Appreciated your generous shared in public, and also thanks for your efforts too =D
+2 השב
¿Can download this indicator?
+1 השב
Sh*t hot as usual!. Cheers.
+1 השב
Thanks, will have a play :)
+1 השב
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