Demark Trend Lines

[DS0167]

Nice work. Is there any way of selecting the TD Points level or is it fixed?

Hello bammbamm

Awaiting the future update, when using the "Fractal parameter" it provides a very good TDLines since it uses the 2 bars before and after the TD_points which is consider by Tom Demark as truth criteria of TD-points.

I ask the same question and realized after the Fractal does the minimum required for TD-points.

Regards,
DS0167

[gimmegimme]

is it possible for someone to code a system with this indi?

[gimmegimme]

or a version that shows higher time frames? like the 1 or 4 hour trend lines on the 15m chart?

[Apprentice]

Your request has been added to developmental cue

[gimmegimme]

thank you

[Apprentice]

I added a Line Extension for Alex Fractal version.

TD_Lines.lua

(9.16 KiB) Downloaded 2061 times

[craige]

Dear

I really don't know how to use this indicator, could you explain it for me or us in detail? and could this indicator show the buy or sell signal?

thank you very much

[Apprentice]

Happy to.

There are several versions, but the basics are as follows.

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.

This is the shortest possible description.
The best advice I can give you is to find other materials, all available on internet,
or an experienced trader who has experience with this setup.

[lucky777]

Hi, Apprentice,

The demark trend lines indicator which you are writing when shall we expect to be ready roughly t please.
Lucky777

[Apprentice]

Indicator is ready (As I recall).
The problem is the trend line indicator (function), which indicator use.
I can not tell you with certainty.