bytetrader

Tom DeMark Sequential

This is my interpretation of Perl's Tom DeMark Sequential Indicator. (Disclaimer) I make no guarantee to its accurancy or validatiy , however I have made sure as much as I can it is useful by comparing it to existing indicators on here and the examples provided in the book.

This is the most powerful free interpretation of TD Sequential indicator in comparision to everything that is here. I am providing this for free to the community because I have learnt so much and while I am an amature trader, I have worked for IBs for over 10 years and built Algos and HFT systems to Tier 1 banks.

So what does this indicator give you:
  • Define your own Setup Period.
  • Define your own Look Back Period
  • Define your own Countdown period
  • Toggle Price Flip checks
  • Define your own Perl's Proximity
  • Hide all historical values.

Please review and any feedback is welcomed. I am hoping to keep improving this indicator as I progress throught the book.
Apr 02
Release Notes: Release Notes:
  • Fixed a Bug with Deffered Countdown thanks @vaicru
  • Added Aggressive 13
  • Added Alerts for Completed Setup, Completed Countdown, and Aggressive Countdown
  • Countdown can be hidden now
Apr 02
Release Notes: Fixed a minor bug with the historical Support & Resistance lines. Thanks to @vaicru for spotting it.
Apr 06
Release Notes:
  • Option to Hide Aggressive 13
  • Added Combo 13 with option to hide and Alert
  • Minor Performance Improvements
  • Added TD Sequential 13 Stoploss. Request by @viacru
  • Due to limitation on number of drawable objects had to remove the Sequence Countdown. will try and find a way to add it back.
Apr 08
Release Notes:
  • Added TD CountDown Numbers
  • Removed Current Historical/Resistance Lines (limitation on the number of objects Pine Script is allowed to plot)
  • Consolidated all the Stoplosses into a single Plot instruction
Apr 08
Release Notes: chart adjustment
Apr 11
Release Notes:
  • Display Setup Recycle e.g. SPY 1W October 23 2017 - March 2018. Thanks @rjwmarvel
Apr 12
Release Notes:
  • Added ability to toggle the extension of the Resistance & Support Lines even when broken
  • Fixed a bug with Countdowns when TDST Resistance or Support are broken
May 13
Release Notes:
  • Changed "Recycle" from fixed 18 to Sequence Period * 2
  • Tweaks to the display of Support & Resistance Lines
  • Minor fix to the Display of A13
  • Added a new Alert for C13
  • Added a new Alert to fired for any of the signals
May 13
Release Notes:
  • Fixed the Recycle Bug
May 26
Release Notes:
  • Resistance & Support line updates on recycle
  • Fixed a Bull Countdown on Recycle
Sep 15
Release Notes:
  • Fixed differed countdown
Sep 30
Release Notes: Fixed the Combo 13 countdown. Now only begins when the Setup Count is 1.
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Hello by trader,

Please ignore my last comment regarding the failure to record sequential countdown bars in certain circumstances. My comment was incorrect. Somehow, my charts Were configured with candle sticks with no wicks. The candlesticks only showed the body. I changed the chart settings to show the wicks. Now that I can see the wicks, I see that my previous comment to you is wrong.

Again, my apologies!

Dave
Reply
bytetrader davehonigman1
@davehonigman1, Hi Dave, no worries, please reach out to me if you find any bugs with the indicator I will do my best to fix it asap.
Thanks
Reply
Hi, again I appreciate you sharing this with the community.
Is there a way to change fonts colors of i.e. Pearl`s Perfection ? Thank you M
Reply
bytetrader ClicksThree
@ClicksThree, sure, select the indicator "Settings -> Style tab" you should be able to style the indicator as you wish
Reply
ClicksThree bytetrader
@bytetrader, thans for getting back to me, maybe I have to give it another try

I found something else. Blackberry $BB Daily chart registered a TDST at $6.66 which is a low of 2nd bar (9/03) not 1st (8/30)

M
Reply
bytetrader ClicksThree
@ClicksThree, that's correct, the support takes the lowest of the setup bars or the first preceding bar to it. so it is displaying the correct TDST
Reply
Thanks so much for your great work! It was very kind of you to provide the sequential and combo indicators for free.

However, there is something the matter with your combo indicator. The combo 13 Countdown is not calculated properly. Thea combo 13 countdown is appearing before a combo 13 count should appear, whether using combo version I or combo version II.

I have used the Demark indicators for many years and I am quite certain that I am correct.

Can you confirm this and also hopefully fix the problem?

Best wishes.

Dave
Reply
davehonigman1 davehonigman1
@davehonigman1,

It looks like the combo countdown begins its count prior to set up count 1. That appears to be the source of the error. The combo countdown should not begin any earlier than TD Setup bar 1.
Reply
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