Quite a simple version

Optuma Forums Optuma Scripting Tom Demark Indicators Quite a simple version

#53365
AvatarMandeep
  • 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);

timesincesignal(a1)

Down Signal

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

timesincesignal(a1)

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.

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