# Ind-TD-Demark-3-1 - page 3

30

Hi,

I enter in the horizontal lines and my TP is when the indicator shown in the chart.

I enter when the 1 Bar is closed above or below of the price .I dont use SL .I use reversal only.

Cheers

558

i dont know how works for you because when i plot the indicator i have some target and later when the trend is changing i have another targer

19

Ref: Ind-TD-Demark-3-1

A Question for MT4 programmers:

What do I change in the code to make the indicator's display text, especially the target data, a little larger? They are kinda tiny on my 17" screen and I don't want to change screen resolution.

Thanks!

196

Can someone post the REI indicator shown in post #10?

Thanks.

Moderator
107431

Thruline:
Can someone post the REI indicator shown in post #10? Thanks.

I posted the image (post #10) from here. It is Polish website about Metastock software:

DeMark's Indicator and REI Indicator

PUBLISHED: Page 98 and 100 of Tom Demark's new book, "The New Scienceof Technical Analysis" 1994.

COMMENTS: Note that the DeMark indicator on page 100 follows firstand iscontained in one formula only.

The REI (Range Expansion Index follows that and is contained over 5 formulas).

They could probably be compacted to one formula, but I felt that thisis more readable as Tom DeMark presents them in a similar manner.

DeMark's Indicator:

Sum(If(H, > ,Ref(H,-1),H-Ref(H,-1),0),13) /

(Sum(If(H, > ,Ref(H,-1),H-Ref(H,-1),0),13) +

Sum(If(L,>= ,Ref(L,-1),0,Ref(L,-1)-L),13))[/CODE]

Var1

If(Ref(H,-2),< ,Ref(C,-7),If(Ref(H,-2),<,Ref(C,-8),If(H,< ,Ref(L,-5),If(H,< ,Re f(L,- 6),0,1),1),1),1)

Var2

If(Ref(L,-2),> ,Ref(C,-7),If(Ref(L,-2),> ,Ref(C,-8),If(L,> ,Ref(H,-5),If(L,> ,Ref(H,- 6),0,1),1),1),1)

SubValues

( Fml("Var1") * Fml("Var2") * (H-Ref(H,-2))) + (Fml("Var1") * Fml("Var2") * (L-Ref(L,-2)) )

AbsDailyVal

( Abs(H-Ref(H,-2)) + Abs(L-Ref(L,-2)) )

REI Indicator

Sum(Fml("SubValues"),8) / Sum(Fml("AbsDailyVal"),8)

And for MetaStock 6.5 it should be like this:

DeMark's REI Indicator:

[CODE]x1:=If(Ref(H,-2),< ,Ref(C,-7),

If(Ref(H,-2),<,Ref(C,-8),

If(H,<,Ref(L,-5),

If(H,<,Ref(L,- 6),0,1),1),1),1);

x2:=If(Ref(L,-2),> ,Ref(C,-7),

If(Ref(L,-2),>,Ref(C,-8),

If(L,>,Ref(H,-5),

If(L,>,Ref(H,- 6),0,1),1),1),1);

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)
Moderator
107431

If somebody can convert it from Metastock to mql4 it will be very good.

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226

Ind-TD-DeMark-3-1-LA-Mod-03B-AIME

Hi all,

new version from Ind-TD-Demark-3-1

Regards

MFX

Files:
224

I got REI from russian forum

Is this the one you guys want?

Files:
139

DeMark

Thanks grunge!!

REI is originale!!