Hi Alex and everybody,
I have this indicator and trade manual w/this.It's based in trendlines and work very well.is it possible convert to EA?
We have the thread about this type of indicators:
Besides the above mentioned indicator was translated to the English language so it is more easy now to create the EA based on Tom Demark
The settings are the following:
- Commen, if true we will see the comments in the up left side of the chart;
- TD, if true we will see the TD points;
- TrendLine, if true we will see the Trend lines;
- HorizontLine, of true we will see the current value of TD lines by horizontal line in the chart;
- ShowingSteps, value is from 1 to 3. It is predictive steps. Try change this value from 0 to 2 or 3 and see what that is (how many TD lines should be simulteniously on the chart);
- TakeProf, if true we will see the Targets;
- BackSteps, changing all the lines and points on the step back (value=bar);
- FractalAsTD, if true we will see the Williams fractals instead of TD points.
It will be great of all 3 steps (ShowingSteps=3) of this indicator will be program into EA. Nobody did it.
Can you elaborate on how you trade with this
TD-Demark indicator? Looks interesting...
Thanks for sharing
Just download Ind-TD-DeMark-3-1_eng.mq4 (see posts above). It is the same indicator but with full comments in english.
I have only Metastockformel. Who can help with to create as MT4?
DeMark's REI Indicator
SubValues:=(x1) * (x2) * (H-Ref(H,-2) ) +((x1) * (x2) * (L-Ref(L,-2)) );
AbsDailyVal:=(Abs(H-Ref(H,-2)) + Abs(L-Ref(L,-2)));
Sum((SubValues),8) / Sum((AbsDailyVal),8)
thanks to all
yes i possible but i have now no time
Perhaps this helps.
Also if you explain how you hand trade with it ... if possible with images and examples, sure we will be able to help you.
description is here:
DeMark is not easy.
Somebody should start I think.
This indicator is very good.i tested in the manual trade for 2 months and 90% of the trades are profitable.
The targets shown for it in the majority of the times are reached .I tested M15,H1 and D1.
I use showing Steps=1 for my targets
The EA based on this indicator with the same rules of the indicator promises