DeMark
- Thread starter katiewc
- Start date
If you should have acces to Bloomberg: type 'TDRS'.
If not, I'll try to give it a shot.
If not, I'll try to give it a shot.
The formula used in the calculation of the Tom DeMark "Pivot Points" are:
The value of X in the formula below depends on where the Close of the market is.
If Close < Open then X = (H + (L * 2) + C)
If Close > Open then X = ((H * 2) + L + C)
If Close = Open then X = (H + L + (C * 2))
R1 = X / 2 - L
PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)
S1 = X / 2 - H
Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.
The value of X in the formula below depends on where the Close of the market is.
If Close < Open then X = (H + (L * 2) + C)
If Close > Open then X = ((H * 2) + L + C)
If Close = Open then X = (H + L + (C * 2))
R1 = X / 2 - L
PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)
S1 = X / 2 - H
Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.
TD Breakout Qualifiers
http://www.alpari-idc.com/en/market-analysis-guide/demark/td-breakout-qualifiers.html
<img src=http://www.alpari-idc.com/files/pic/docs/1/135_238.gif>
http://www.alpari-idc.com/en/market-analysis-guide/demark/td-breakout-qualifiers.html
<img src=http://www.alpari-idc.com/files/pic/docs/1/135_238.gif>
I have posted the EasyLanguage code for the DeMark Oscillator here:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2237215#post2237215
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2237215>
Stay tuned for the DeMark Pivots.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2237215#post2237215
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2237215>
Stay tuned for the DeMark Pivots.
It starts here ...
Coding DeMark Indicators
I personally don't use his methods, but learning his approach can't hurt your education. I just found that there was plentyof money to be made while waiting around for one of his reversal trades.
