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Anybody want to have a go at creating a set of Demark indicators for ninjatrader? we could start with TD Setup which is a initial part of TD Combo and TD Sequential.
For a TD Buy Setup, the close of the current bar must be lower than the close of 4 bars ago. A completed TD Buy Setup must have 9 consecutive closes, each one lower than the corresponding close 4 bars earlier. Ideally after every valid count, it prints a number below the corresponding bar.
A TD Sell Setup is the reverse. The close of the current bar must be greater than the close of 4 bars ago, and a completed TD Sell Setup must have 9 consecutive closing bars, each one greater than the corresponding close 4 bars earlier. Ideally after every valid count, it prints a number above the corresponding bar.
If at any point this sequence is interrupted before the completion of its 9 count, the sequence is cancelled and must begin anew.
Upon the completion of its 9 counts, a look-back over the past 9 bars + the close of the 10th bar is done. For a TD Buy Setup, a line is drawn, commencing from the highest point of those bars in question. This line extends until another TD Buy Setup is completed. For a TD Sell Setup, a line is drawn, commencing from the lowest point of those bars in question. This line extends until another TD Sell Setup is completed. These lines are known as TDST lines and can only be drawn upon completion of a TD Buy/Sell Setup.
Is this enough information to kick-off the creation of this indicator? Upon completion of this part of the indicator, we can move on to the TD Countdown.
Can you help answer these questions from other members on NexusFi?
Thanks Cbratton. I had actually downloaded these previously. I have no programming experience but was looking to create a series of demark indicators that everyone can use without having to understand the parameters that are in the script. These would be the default settings as prescribed by Mr Demark.
I was hoping on improving the TD Sequential Indicator available in the forums but the lack of programming knowledge prohibits me from achieving that goal. And working with someone to achieve that goal was the next best option.
I realize this is a very old thread, but it caught my eye as a method I could write an ATS for. I've done that and it backtests quite profitably, sim and live is next.
I wrote the attached indicator after writing the ATS in order to verify its entries. As I'd never heard of these before, I'd appreciate it if someone with an interest in them would validate this, after which I'll post it to the downloads area. (NT7)
this plots in nt7 fine it plots the consolidation from the past and draws your next support zone very very nice this is actually the only indicator any one needs to be a good trader if you just study price and learn to look left on your chart, thank you for posting this indicator zeller and i have been working on something along the same lines i guess we can stop now lol, thanks again great,great indicator i would sugest changing it from line to dot size 2...sharky