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Demark Trend Lines

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Demark Trend Lines

Postby Apprentice » Fri Oct 22, 2010 6:25 am

DTL.png

Demark trend lines are drawn from Swing High and Swing Low points.
Swing High is a local maximum, which preceded or followed by a lower maximum candles.
Swing Low is a local minimum, which preceded or followed by a higher minimum candles.

Demark trend lines Crossover gives a Buy or Sell signals.

Distance from the trend line to the farthest extremes is equal to the distance from the point of breaking a trend line to the profit goal.

Live.png


Fractal Version by Alex
TD_Lines.lua
(9.16 KiB) Downloaded 3017 times

I added a Line Extension and TD Line Target for Alex Fractal version.

Trend Line Version
DTL.lua
(4.08 KiB) Downloaded 3184 times

For use with Strategys Version
TDL.lua
(12.28 KiB) Downloaded 59 times

To work, you should install, AutomaticTrendLine indicator.
viewtopic.php?f=17&t=2467
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Re: Demark Trend Lines

Postby DS0167 » Fri Oct 22, 2010 6:40 am

Many thanks to you !

:)

All the best
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Re: Demark Trend Lines

Postby DS0167 » Fri Oct 22, 2010 6:43 am

The indicator asked me for ATL.lua...? is it normal ?

Thank you
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Re: Demark Trend Lines

Postby Apprentice » Fri Oct 22, 2010 6:57 am

Is it.
You have to install it.
This version is still in development.
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Re: Demark Trend Lines

Postby DS0167 » Mon Nov 01, 2010 9:10 am

Hello,

After few days testing this indicator and it seems it is not exactly the translation of the TD Lines mq4 into lua...am I wrong?

Thank you in advance for you answer.

Kind regards,
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Re: Demark Trend Lines

Postby Apprentice » Sun Nov 07, 2010 11:05 am

Alex is working on a final version, hopefully It will be completed soon.
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Re: Demark Trend Lines

Postby Checkz » Fri Nov 12, 2010 3:36 am

I ACTUALLY THINK THAT THIS IS A VERY GOOD INDICATOR AND I HOPE THAT THE NEW VERSION WILL NOT OVER RIDE THIS ONE. IN OTHER WORDS PLEASE KEEP THIS ONE THE WAY THAT IT IS.
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Re: Demark Trend Lines

Postby DS0167 » Fri Nov 12, 2010 7:05 am

I agree with checkz, this is a Very good indicator and it should continue to be as it is BUT it is not the true TDLines (Tom Demark) and I really hope Alex will find time to translate the mq4 provided in lua.

Apprentice I confirm that the "Apprentice Trend lines" are very GOOD, helpful and reliable ;)

Kind regards
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Re: Demark Trend Lines

Postby Alexander.Gettinger » Mon Nov 29, 2010 3:08 am

Other version of Demark trend lines.
Indicator finds TD points and draw trend lines.

TD_Lines.png


Download:
TD_Lines.lua
(5.95 KiB) Downloaded 1045 times
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Re: Demark Trend Lines

Postby Apprentice » Mon Nov 29, 2010 5:37 am

TD.png


TD Line Target added, for Alex Version.
TD_Lines.lua
(7.7 KiB) Downloaded 1460 times
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