TD Sequential

• 07/30/2017 at 6:34 PM #42024
  baaz

  Hi’ guys,

  I’ve been looking for a TD Sequential code for ProReal some time, but without luck. Hence, I started to code it myself… but I must admit that since then my understanding of the TD sequential has expanded. I already see, that adding TDST support and TD countdown will be difficult for me as I have to store it. I’ve found this code on MetaTrade, which would be useful, if someone can help convert it.

  I think, I got the TD Setup correct, but missed the TD flip prior to it. Further, I need to:

  1. Add TDST support/resistance lines
  2. Add TD Countdown both for buy and sell
  3. Add TD Countdown perfection signal
  4. Add actual buy/sell signal

  TD Sequential

  DEFPARAM CUMULATEORDERS = FALSE //DEFPARAM FLATBEFORE = 080000 DEFPARAM FLATAFTER = 230000 //indicators Indicator1 = Volume //Buy Conditions b0 = Indicator1 > 500 // Detection of TD Setup buy signal b1 = Close < Close[5] AND Close [2] < Close[6] AND Close[3] < Close[7] AND Close[4] < Close[8] AND Close[5] < Close[9] AND Close[6] < Close[10] AND Close[7] < Close[11] AND Close[8] < Close[12] AND Close[9] < Close[13] // Detection of TD Setup buy signal - perfection b2 = Close OR Close[2] < Low[6] b3 = Close OR Close [2] < Low[7] // TD Countdown (Buy) b4 = 0 For **** BuyConditions = b0 AND b1 AND b2 AND b3 AND b4 // Conditions to enter long positions IF NOT LongOnMarket AND BuyConditions THEN BUY 1 CONTRACTS AT MARKET ENDIF // Conditions to exit long positions //If LongOnMarket AND YourConditions THEN //SELL AT MARKET //ENDIF // ***** Short Conditions ***** s0 = Indicator1 > 500 // Detection of TD Setup Sell signal s1= Close < Close[5] AND Close [2] > Close[6] AND Close[3] > Close[7] AND Close[4] > Close[8] AND Close[5] > Close[9] AND Close[6] > Close[10] AND Close[7] > Close[11] AND Close[8] > Close[12] AND Close[9] > Close[13] // Detection of TD Setup Sell signal - perfection s2 = Close OR Close[2] > Low[6] s3 = Close OR Close [2] > Low[7] // TD Countdown (Sell) s4 = 0 For i=0 **** ShortConditions = s0 AND s1 AND s2 AND s3 AND s4 // Conditions to enter short positions IF NOT ShortOnMarket AND ShortConditions THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF // Conditions to exit short positions //IF ShortOnMarket AND YourConditions THEN ///EXITSHORT AT MARKET //ENDIF // Stops and targets : Enter your protection stops and profit targets here SET TARGET PPROFIT xx SET STOP PLOSS xx // **** Stops and targets *** //DYNAMIC TRAILING STOP myATR = averagetruerange[14](close) TGL =1*myATR //DYNAMIC TRAILING TGS=13*myATR //DYNAMIC TRAILING if not onmarket then MAXPRICE = 0 MINPRICE = close PREZZOUSCITA = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then PREZZOUSCITA = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then PREZZOUSCITA = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF //TRAILING STOP //trailingstop = t2 // * resetting variables when no trades are on market //if not onmarket then //MAXPRICE = 0 //MINPRICE = close //priceexit = 0 //endif // *case SHORT order //if shortonmarket then //MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade //if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then //priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level //endif //endif // *case LONG order //if longonmarket then //MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade //if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then //priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level //endif //endif // *exit on trailing stop price levels //if onmarket and priceexit>0 then //EXITSHORT AT priceexit STOP //SELL AT priceexit STOP //endif // DONCHIAN STOP //IF LONGONMARKET THEN //DC= s1 //ENDIF //IF SHORTONMARKET THEN //DC= s2 //ENDIF //e= Highest[DC](high) //f=Lowest[DC](low) //if longonmarket then //laststop = f[1] //endif //if shortonmarket then //laststop = e[1] //endif //if onmarket then //sell at laststop stop //exitshort at laststop stop //endif

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  DEFPARAM CUMULATEORDERS = FALSE //DEFPARAM FLATBEFORE = 080000 DEFPARAM FLATAFTER = 230000   //indicators   Indicator1 = Volume   //Buy Conditions   b0 = Indicator1 > 500   // Detection of TD Setup buy signal   b1 =  Close < Close[5] AND Close [2] < Close[6] AND Close[3] < Close[7] AND Close[4] < Close[8] AND Close[5] < Close[9] AND Close[6] < Close[10] AND Close[7] < Close[11] AND Close[8] < Close[12] AND Close[9] < Close[13]   // Detection of TD Setup buy signal - perfection b2 = Close OR Close[2] < Low[6] b3 = Close OR Close [2] < Low[7]   // TD Countdown (Buy) b4 = 0 For ****   BuyConditions = b0 AND b1 AND b2 AND b3 AND b4     // Conditions to enter long positions IF NOT LongOnMarket AND BuyConditions THEN BUY 1 CONTRACTS AT MARKET ENDIF   // Conditions to exit long positions //If LongOnMarket AND YourConditions THEN //SELL AT MARKET //ENDIF   // ***** Short Conditions *****   s0 = Indicator1 > 500   // Detection of TD Setup Sell signal   s1=  Close < Close[5] AND Close [2] > Close[6] AND Close[3] > Close[7] AND Close[4] > Close[8] AND Close[5] > Close[9] AND Close[6] > Close[10] AND Close[7] > Close[11] AND Close[8] > Close[12] AND Close[9] > Close[13]   // Detection of TD Setup Sell signal - perfection s2 = Close OR Close[2] > Low[6] s3 = Close OR Close [2] > Low[7]     // TD Countdown (Sell) s4 = 0 For i=0 ****   ShortConditions = s0 AND s1 AND s2 AND s3 AND s4   // Conditions to enter short positions IF NOT ShortOnMarket AND ShortConditions THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF   // Conditions to exit short positions //IF ShortOnMarket AND YourConditions THEN ///EXITSHORT AT MARKET //ENDIF   // Stops and targets : Enter your protection stops and profit targets here   SET TARGET PPROFIT xx   SET STOP PLOSS xx     // **** Stops and targets ***   //DYNAMIC TRAILING STOP myATR = averagetruerange[14](close) TGL =1*myATR //DYNAMIC TRAILING TGS=13*myATR //DYNAMIC TRAILING if not onmarket then MAXPRICE = 0 MINPRICE = close PREZZOUSCITA = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then PREZZOUSCITA = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then PREZZOUSCITA = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF       //TRAILING STOP   //trailingstop = t2 // * resetting variables when no trades are on market //if not onmarket then //MAXPRICE = 0 //MINPRICE = close //priceexit = 0 //endif // *case SHORT order //if shortonmarket then //MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade //if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then //priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level //endif //endif // *case LONG order //if longonmarket then //MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade //if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then //priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level //endif //endif // *exit on trailing stop price levels //if onmarket and priceexit>0 then //EXITSHORT AT priceexit STOP //SELL AT priceexit STOP //endif     // DONCHIAN STOP //IF LONGONMARKET THEN //DC= s1 //ENDIF   //IF SHORTONMARKET THEN //DC= s2 //ENDIF //e= Highest[DC](high) //f=Lowest[DC](low) //if longonmarket  then //laststop = f[1] //endif //if shortonmarket  then //laststop = e[1] //endif //if onmarket then //sell at laststop stop //exitshort at laststop stop //endif

  In addition, I am trying to test which stop/profit formula would be best including a dynamic trailing. Ideally, the stop level should be slightly lower than the TDST support.

   

  I would also highly appreciate view of others on Demark indicators and the performance hereof in day trading.

  Looking forward to your suggestions.

   

  

  baaz

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  08/10/2017 at 11:11 AM #42867
  baaz

  Wondering if there is no interest in the TD Sequential as indicator?

  

  baaz

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  08/10/2017 at 12:26 PM #42902
  Despair

  Do you have a description of the system in pseudo code or plain english?

  

  Despair

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  08/10/2017 at 2:28 PM #42931
  baaz

  What I like about the indicators from DeMark is the timing signal. E.g. on a trend reversal….however, there are many rules to look for.

  See following links: This article or this blog.

  or  the best link (which I am following to produce the code): here

   

  The book describes the indicators available on Bloomberg among few other platforms. If we can get these indicators coded for ProReal, I think it would be powerful. Hope to see more interest or opinions on why it is not a good indicator.

   

  

  baaz

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  09/21/2017 at 9:11 PM #46865
  rosed777

  Hi Baaz,

   

  Yes! DeMark sequential is a really powerful indicator – if you can crack it that would be really awesome.

  Could you write the code just to show the green 9s & red 13s?

  I’d like to keep in touch and follow your progress.

  this guy is a great source of knowledge on DeMark

  https://twitter.com/TommyThornton

  

  rosed777

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  09/21/2017 at 10:53 PM #46866
  Despair

  I forgot about this one. I can code this tomorrow.

  

  Despair

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  09/21/2017 at 10:58 PM #46867
  rosed777

  That’s awesome despair. Be great to see it on PRT.

  The basic definitions that I have are:

  From Jason Perl Book book

   

  TD Setup

   

  The prerequisite for a TD Buy Setup is a Bearish TD Price Flip, which

  indicates a switch from positive to negative momentum.

   

   

  Bearish TD Price Flip

  A Bearish TD Price Flip occurs when the market records a close greater than the

  close four bars earlier, immediately followed by a close less than the close four bars

  earlier.

   

  TD Buy Setup

  After a bearish TD Price Flip, there must be nine consecutive closes, each one less

  than the corresponding close four bars earlier.

   

  If, at any point, the sequence—of nine consecutive closing prices less

  than the closing price four bars earlier (up to and including the close of

  TD Buy Setup bar nine)—is interrupted, the developing TD Buy Setup

  will be canceled and must begin anew.

   

  TD Setup vs. TD Sequential countdown

   

  Once TD Setup is complete,TD Countdown can begin, from the close

  of bar nine of TD Setup (inclusive), onward.

   

  The distinction between the two strategies is this:

   

  • TD Setup compares the current close with the corresponding close

  four bars earlier,

  Whereas

  • TD Countdown compares the current close with the low two bars

  earlier for a potential buy, and compares the current close with the

  high two bars earlier for a prospective sell.This price relationship is

  an important distinction from TD Setup, because the market must

  be trending for TD Countdown to objectively identify the likely

  exhaustion point for a trend reversal.

   

  One can start looking for the first bar of a TD Buy Countdown

  when a TD Buy Setup is in place.

   

  To Initiate TD Buy Countdown

   

  After

   

  TD Buy Setup is in place, look for the initiation of a TD Buy Countdown.

   

  If

  Bar nine of a TD Buy Setup also has a close less than, or equal to, the low two bars

  earlier,

   

  Then,

  Bar nine of a TD Buy Setup becomes bar one of a TD Buy Countdown.

  If

  That condition is not met,

  Then

  TD Buy Countdown bar one is postponed until it does, and the TD Buy Countdown

  continues until there are a total of thirteen closes, each one less than, or equal to,

  the low two bars earlier.

   

  & then I guess it’s the opposite for sell setups.

  Are you interested in trading off the countdowns or will you just use it to highlight potential trades?

   

   

   

   

  

  rosed777

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  09/21/2017 at 11:00 PM #46868
  Despair

  Tomorrow… 🙂

  

  Despair

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  09/22/2017 at 7:53 AM #46878
  baaz

  Highly appreciated Despair.

   

  Looking forward to see it.

   

  I am thinking of using the countdown as the timing and combine with other reversal indicators, perhaps purely price action based on bars, for trading purpose.

   

  

  baaz

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  09/22/2017 at 10:47 AM #46907
  Despair

  OK, I read this article and it seems a little bit over confident in this setup, “the secret of the professionals blablabla” :-). Anyway I will code it and then we will see what is on it…

  

  Despair

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  09/22/2017 at 1:01 PM #46925
  Despair

  So far it doesn’t look that promising. Also the informati0ns at the different links you send are varying a little bit. None makes useful points where to put the SL in all cases. None mentions profit targets either. So I tried a trailing stop.

  Then I found no reference to which timeframe this is supposed to run on. If I look at the links they show daily charts but on daily charts it doesn’t work at all. On 1h-chart I get some results but also nothing really exciting. Probably one has to read the book to get all information.

  Another aspect is that this setup needs really long time to build. The first TD Setup needs 9 bars and generates trades but the second TD countdown doesn’t generate a single trade for me and well honestly it would take at least 22 bars to build (can be much longer for the countdown).

  

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  09/22/2017 at 1:13 PM #46927
  baaz

  Hi’,

  Should work in any time frame, but I would suggest 5 min.

  As for the target and SL – I think the suggestion is TDST support resistance lines. Mentioned in the link I initially added: here

  

  baaz

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  09/22/2017 at 1:19 PM #46928
  baaz

  A suggestion to short cut this is…maybe start converting the code from MT code (link) and then adjust it where needed.

  

  baaz

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  09/22/2017 at 1:37 PM #46936
  rosed777

  Hi Despair,

  The indicator should work over any timeframe, I have definitely seen it work on hourly, daily & weekly.

  This is a link to the jason perl book

  https://goo.gl/H53osX

  He talks about the risk management for the setups around page 62, hth.

  I’m going to try & add a couple of screenshots with the demark indicators from a Bloomberg screen, the etf XLP and the DXY index

   

   

   

   

  

  rosed777

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  09/22/2017 at 1:43 PM #46954
  rosed777

  It’s not really a black box indicator setting rigid profit tgts, I think the most successful traders use it a confirmatory tool alongside their own risk management/sizing criteria.

  If you can get the setup & countdown 9s & 13s to work that would be awesome & I will ask a few of the traders I know if they use any specific S/L & profits tgts when they trade with it.

  

  rosed777

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