TD Sequential -Setup
09/22/2017 at 2:49 PM #46957
On request I programmed the Thomas Demark indicator TD Sequential -Setup. It counts up to 9 consecutive bars to complete the setup and if the setup is completed with a “perfection buy /sell signal” it draws an arrow over/below the signal candle.
09/22/2017 at 3:11 PM #4696609/22/2017 at 4:30 PM #46986
Very Nice! @Despair Mind doing something similar to represent Ichimoku Number Theory? Would really appreciate it?
Basically, identify extreme fractals as below;
i.e. high > highest(high) and high > highest(high) = (4 lower highs on left and 4 lower highs on right)
i.e. low < lowest(low) and low < lowest(low) = (4 lower lows on left and 4 lower lows on right)
Start numbering each bar from the last fractal counting up to 42, highlighting (via i.e. different color or bold text) numbers 9, 17, 26, 33 and 42
Start a new count at each new fractal (i.e. possible that there can be multiple numbers above each other if a new fractal came before the end of the previous 42 number)
Thus after each extreme fractal, a number sequence up to 42 will be counted regardless of whether a new extreme fractal was formed.
The theory says that at or within very close proximity of these number sequences a major turn is likely.09/22/2017 at 4:46 PM #4698809/22/2017 at 7:06 PM #47000
@Despair: Looks good Despair. Wondering, if you could add the countdown (13 bars count down) in continuation of it? That was the difficult part for me, as it is more of a loop programming rather than linear.
By the way, I have attempted TD setup (my own code in my original post) combined with Engulfing pattern, and it wasn’t that bad. Will try to put up some figures tomorrow (yea – now I sound like you 🙂 )
Thanks.09/22/2017 at 8:31 PM #4701009/22/2017 at 8:54 PM #47015
Thank you, would really appreciate that. I did some further research on the topic and want to enhance my spec as follows:
After identifying the first swing high/low using the below code:123456//Identify the 1st swing high or lowIf high > highest(high) and high > highest(high) ThenSwingHigh = high //(4 lower highs on left and 4 lower highs on right)ElsIf low < lowest(low) and low < lowest(low) ThenSwingLow = low //(4 lower lows on left and 4 lower lows on right)EndIf
Let me explain using the following example;
Starting with the swing low fractal as 1 draw the numbers 1, 9, 17, 26, 33, 42 just below the corresponding candle low in the color red.
Since we have started with a swing low fractal, we are now looking for two more swing low fractals up to and equal to bar 42 of the red swing low number series.
The same process for the above would be repeated for the following 2 fractals, except using the color blue for the next one and the color green for the last one (also drawn below the lows of the corresponding bars).
We are now looking for the first swing high fractal after the 42nd bar of the first red number series of the swing low numbers.
This will be our 1st swing high and will be indicated by the number 1 in red just above the high of the corresponding bar, do the same again for bars number 9, 17, 26, 33 and 42.
We are now looking for two more swing high fractals again only up to and equal to bar 42 of the red swing high number series.
The following two swing high number series will be marked exactly the same as the first one except using the color blue for the next one and the color green for the last one (also drawn above the lows of the corresponding bars).
We are now going to repeat the whole process all over again, looking for the first swing low after the 42nd bar of the red swing high number series etc. etc.
I have attached a crude picture drawn in MS paint to give you an idea of what I am looking for (the numbers aren’t exactly aligned due to their size).
Thanks for your assistance!09/22/2017 at 9:06 PM #4701709/22/2017 at 10:38 PM #47021
I do yes “Trading with Ichimoku Clouds by Manesh Patel – The Essential Guide to Ichimoku
Kinko Hyo Technical Analysis”. there are literaly only a handful of people that understand the time and number theory behind Ichimoku.
There are literally only a handful of people that understand the time and number theory behind Ichimoku.
To save you some time I have started coding the indicator myself (.ITF Attached) but I still need to figure out how to switch back and forth between the different Number Series (Red, Blue, Green) for a specific Swing High/Low series (as annotated with the MS Paint Picture I attached in my previous post).
1 user thanked author for this post.09/22/2017 at 10:41 PM #4702409/23/2017 at 8:56 AM #4703009/23/2017 at 10:06 AM #4703609/23/2017 at 10:42 AM #4703709/23/2017 at 10:49 AM #4703809/23/2017 at 10:50 AM #47040