scarf

Demark TD Sequential Alerts (Simplified)

Having all those numbers onscreen doesn't do much for me, so I've made the important ones (i.e. the 9s and 13s) very obvious while hiding the counting. You can re-enable it in settings. Due to Tradingview limitations it can look a bit odd with them enabled, as I have made some sacrifices to prioritised visual simplicity.

I've also added alerts for the 4 different BUY/SELL signals so you can even step away from the charts!

There isn't much wiggle room with the TD Sequential rules so I find the best way to 'tune' the performance is to open your favourite trading pair and then cycle through timeframes (1H, 2H, 4H, 6H, 12H, D, etc.) until you find the one where the signals are showing closest to the tops and bottoms of trends. It's usually a pretty striking difference when you find the right one.

I don't have a huge amount of experience with this type of trading so any purists out there are welcome to correct me or offer suggestions.
Release Notes: Update removes the TD13 signals because the code doesn't reflect the original Demark rules. The main use of Sequentials (in my opinion) is the TD9 signals to show exhaustion anyway, so I'm leaving it like that for now until I have a chance to debug the TD13s issue.
Release Notes: Updated to Pine version 3
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

With thanks to the scripts by glaz, bioharz and stripykitteh, but mostly this page, which explains the concepts beautifully: https://tradetrekker.wordpress.com/tdsequential/
+5 Reply
@scarf, I like this very much! But the alerts aren't always triggering. Any thoughts on why? Any repainting going on or something?
+1 Reply
scarf romangeniuz
@romangeniuz, I'm not sure why that might be. There's no repainting. Can you PM me some more details?
Reply
scarf romangeniuz
@romangeniuz, I misunderstood the question. The indicator will show and then remove a signal as it become value or invalid. If you're using this to trade then wait until the bar closes, and make sure you alerts are set to fire on bar close.
+2 Reply
Thanks Scarf, how do you setup the Alert ? Which condition should I use? Thanks!
+4 Reply
Hello Scarf, I think you're the only person who simplified the Demark sequential, that was so good to me because it make the charts not as messy as before, thanks again for created this "MISS" (make it simple stupid approach) for us. =D

+4 Reply
¿Can download this indicator?
+3 Reply
Appreciated your generous shared in public, and also thanks for your efforts too =D
+2 Reply
It's worth mentioning that even though a signal might be pointing up it's not necessarily a long signal. If price is trend then it's an opportunity to go short, as price will usually pullback briefly. If you see two up signals in a row it's generally a sign that a market has gone from ranging to trending, and a short might make more sense. I've been trading TDs for about 18 months and I recommend the indicator by Brobear for anyone looking to learn the full system, which I highly recommend.
+1 Reply
Great work!

What time frames have you guys found to be the most accurate for trading bitcoin?
+1 Reply
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