Quite a simple version

Optuma Forums Optuma Scripting Tom Demark Indicators Quite a simple version

  • Topics: 44
  • Replies: 22
  • Posts: 66

Hi Chad,

Thanks for your reply – I have coded quite a simple version – I’ll check out your version this weekend.  Mine is based on the fact that Demark is really looking at trends which are based on a 1 period moving average offset by 4 bars.  9 days above this or below this kicks off his trend and exhaustion signals.  Here is my code for this:

UP signal = plots an indicator below the charts

a1 = close() < offset(ma(BARS=1), OFFSET=4);


Down Signal

a1 = close() > offset(ma(BARS=1), OFFSET=4);


My chart setup has this 4 period offset 1 period MA and the above indicators.  I then check for either 9’s and 13’s days above or below this trend – using a showbar.

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.