UTILISING COUNTDOWN AND RECYCLED BUY SETUP *****postpone count 13 until it occurs below the 8th bar of the countdown phase***** if b4 the countdown is completed it happens that a close is higher than the highest high of the buy setup. if b4 a series of 13 is achieved the share records a sell setup or another completed buy setup occursĢ. The earliest point that the countdown can begin is the 9th bar of the buy setup.ġ. My metastock formula for intersection is H >= Ref(LLV(L,6),-3) AND H <= Ref(HHV(H,6),-3)Ĭompleted buy countdown occcurs when c<=ref(l,-2) (13 bars not necesarily consecutive). If intersection occurs on bar 8 or 9 of the setup then the countdown commences on the 9 bar. Next in order to begin the countdown phase the intersection phase is required whereby the high of the 8th pricebar of the completed buy setup OR the first subsequent bar thereafter of the completed buy setup must be >= to the low 3 or more bars earlier back to bar 1 of the setup. ***Also the completed setup is only qualified if the low of the 7,8 OR 9 pricebar is below the low of the 6 pricebar*** the low is > the highest high of the buy setup period OR the close of the day prior to that highest high whichever is greater The Completed Buy Setup recycles in which case the setup with the larger price range is used except if the larger setup is >161.8% than the smaller setup in which case the larger setup is ignored.ĭ. there is a price flip(ie a completed sell setup occurs b4 the countdown completes.)Ĭ. if the extreme high close and the extreme low close of the current Completed Buy Setup are contained within the extreme high close and the extreme low close of the previous buy setup,then the current setup is ignored.When comparingsetups for this cancellation examine the full setup ranges including price bars extending beyond the 9 count.ī. This setup(which leads to the sequential countdown) is cancelled:Ī. It is more complicated than that.ġ.Completed Buy Setup : Sum(C = Ref(C,-13) I have had a certain fascination with Demark. post reversal.Ĭ) On a close higher for a buy than the high two days earlier after conclusion of the count down, i.e. the close of the thirteenth defined close.ī) On a close higher for a buy than a close four days earlier after the count down has been concluded, i.e. On successful completion of set up and count down we now have a choice:Ī) Enter on the close of the day that the count down is completed, i.e. The day prior to the first day of a nine consecutive set up sequence must have a close higher than or equal to the close four days earlier,įor a buy signal, following the successful completion of the count down we wait for thirteen closes which are lower than the close two days earlier (not consecutive, in fact extremely unlikely to be so). ![]() Nine consecutive daily price closes which are lower than the close four days earlier. The instructions I was working with (edited from original):ġ. Its no big prize - its going to be released publically in the forum.dll at some point in time anyway! But I would like to see if this Demark thing can actually work. If I can validate my code against yours/yours against mine in accordance with the textual instructions then I will give you the external function. ![]() I challenge someone to come up with an interpretation of the Demark indicator (buy side only, as thats all I have looked at so far) for me to test my theory, external function and code against. dll I am in the process of writing (I found the first use for one of my new functions! :YAY:) ![]() I cut this down to just a few lines by calling on a. I had some success and the code was a little long, BUT not nearly as long as the tripe posted before! If you start logically and think through the problems carefully, you can easily re-write the indicator using Roy Larsen's famous Signal Counter code and his theories relating to latches. I have been doing a little playing around with the Demark Buy indicator to see what I could come up with.Īs the code posted on the website was soooo illogical and almost impossible to fugure out, I gave up trying to rework the code and started again from scratch with the textual instructions provided on the web page.
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