# DeMark Relative Retracement Levels

צפיות ‎5941‎
I have a thing for pivots and SR, so this is Tom DeMark Daily Retracements Levels pivots from DeMark Indicators book by Jason Perl .
Red lines -daily R
Green lines - daily S
Expect reversals or breaks at these points.

and some random stock, just test your instrument
```//Created by CristianD
study(title="CD DeMark Range Expansion", shorttitle="CD DeMark Range Expansion", overlay=true)
sr = input(true, title="Show Daily Range")

range = high - low

// Daily line breaks
sopen = security(tickerid, "D", open)

a=range[1]*0.382
b=range[1]*0.618
h=sopen+a
h1=sopen+b
l=sopen-a
l1=sopen-b

// Color
hcolor=sopen != sopen[1] ? na : maroon
hcolor1=sopen != sopen[1] ? na : red
lcolor=sopen != sopen[1] ? na : green
lcolor1=sopen != sopen[1] ? na : lime

//Daily Range
highrange1 = security(tickerid, 'D', h)
highrange2 = security(tickerid, 'D', h1)
lowrange1 = security(tickerid, 'D', l)
lowrange2 = security(tickerid, 'D', l1)

offs_daily = 0
plot(sr and highrange1 ? highrange1 : na, title="Daily High1",color=hcolor, linewidth=3)
plot(sr and highrange2 ? highrange2 : na, title="Daily Daily High2", color=hcolor1, linewidth=3)
plot(sr and lowrange1 ? lowrange1 : na, title="Daily Low1",color=lcolor, linewidth=3)
plot(sr and lowrange2 ? lowrange2 : na, title="Daily Daily Low2", color=lcolor1, linewidth=3)```

## תגובות

Hey @cristian.d , Thanks for sharing DeMark's Relative Retracement Levels. I just started reading Jason Perl's book on DeMark Indicators and its really impressive.

Can this only be applied to intraday charts because I don't see any SR levels on daily or weekly chart. Sorry if my question is kinda dumb because I'm relatively new to trading.
השב
Hi there.. I dont know coding... but can u please code SR Levels using rsi or stochastic.. Please..
השב
And SPY today and past few days
השב
cristian.d
nevermind my blue lines, they are my regular manually drawn SR levels for SPY
השב
cristian.d
@cristian.d, sir,. do you have python version of this?
השב
Thx a lot
השב
do you have python version of this?
השב