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----- Original Message ----- From: Ken To: <metastock@xxxxxxxxxxxxx> Sent: zaterdag 5 september 1998 4:44 Subject: Re: DeMark Sequential Al Taglavore wrote: I went long 200 HDI today. As I look at the EOD chart I have printed, it appears to be a textbook example of DeMark's 9 day set up withintersection having occurred yesterday (9th day). I bought because HDIhad a successful retest of the low of two days ago. Would appreciate any Sequentialfollowers to look at the chart and post a comment. Al Taglavore Al, Thanks! I'm glad you brought this up, because I didn't get a signal. That caused me to re-examine the formula that I'm using and re-read the rules for a set up. What I found is that there was indeed a valid set up on 9/3. So why'd I get left behind? Here's why: DeMark says that theday prior to day one of a buy set up must have a close >= the close 4 days earlier. I didn't have the "=" in this formula, which caused it not to fire, because the close of 8/21 and 8/17 are in fact equal. Fortunately that condition doesn't happen very often. ( I keep telling myself that. Have a great weekend, Ken At 10:43 PM 6/16/98 , CLAUDB wrote: Ken, I can't use Mime files. Any chance you can send it in another format? Claud Yep, in fact I prefer to send it in plain old text, even though it's a little more work. That MS data file _alone_ that I sent was a pig (about 20 - 30k). I think the chart was only about half that. Believe me, the indicators that I sent are nothing fancy. Setup isnearly the same as what was posted earlier. I think Intersection isa little different though, but I haven't had the time to compare. ThisCountdown indicator is simply a day to day indicator that requires usingyour fingers and toes once Setup (and Intersection, if you choose to useit) is/are complete. Nothing sophisticated at all. I find it easier and quicker to let the indicators help me determine the current phase than to compare a bar's close with another prior bar's close or low/high. As faras Countdown, I've written many high-falutin type indicators (or so Ilike to think <g> ) that I thought were going to be the answer, but inthe end they all fizzled. You could run a test or exploration for Setup, then from there manually track Intersection (if you're so inclined), then Countdown. Sometimes you get a pretty good reaction at the completion of Setup, so you may not want to include Intersection in an exploration or you could possibly miss it,although Intersection occurs more often than not by day 9. Back whenit first was published, Sequential worked well on the few markets thatI watched, but I haven't been watching it lately, although all this discussionhas got me curious again. I think everything I'm sending are the correct formulas, but if something doesn't look right, let me know. - Indicators- The following BUY SETUP/SELL SETUP is one indicator in 6.5.Pre-6.5 usersneed to use it as two indicators. |
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SeqSETUP w/Validation day {BUY SETUP} If((C < Ref(C,-4) AND Ref(C,-1) < Ref(C,-5) AND Ref(C,-2) < Ref(C,-6) AND Ref(C,-3) < Ref(C,-7) AND Ref(C,-4) < Ref(C,-8) AND Ref(C,-5) < Ref(C,-9) AND Ref(C,-6) < Ref(C,-10) AND Ref(C,-7) < Ref(C,-11) AND Ref(C,-8) < Ref(C,-12) AND {Validation Day} Ref(C,-9) > Ref(C,-13) ),1,0); {SELL SETUP} If((C > Ref(C,-4) AND Ref(C,-1) > Ref(C,-5) AND Ref(C,-2) > Ref(C,-6) AND Ref(C,-3) > Ref(C,-7) AND Ref(C,-4) > Ref(C,-8) AND Ref(C,-5) > Ref(C,-9) AND Ref(C,-6) > Ref(C,-10) AND Ref(C,-7) > Ref(C,-11) AND Ref(C,-8) > Ref(C,-12) AND {Validation Day} Ref(C,-9) < Ref(C,-13) ),-1,0) |
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SeqINTERSECTION {DeMark says this is now ELECTIVE in futures and index markets} L <= Ref(HHV(H,6),-3) AND L >= Ref(LLV(L,6),-3) OR H >= Ref(LLV(L,6),-3) AND H <= Ref(HHV(H,6),-3) |
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(The following is one indicator in 6.5. Pre-6.5 users need to use it as two indicators) |
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SeqCdB/S (Countdown for Buys and Sells) {plots +1 for BUYS, plots -1 for SELLS.} If(C < Ref(L,-2),1,0) ; If(C > Ref(H,-2),-1,0) |
SeqSETUP,V day System Test
{BUY SETUP}
C < Ref(C,-4) AND
Ref(C,-1) < Ref(C,-5) AND
Ref(C,-2) < Ref(C,-6) AND
Ref(C,-3) < Ref(C,-7) AND
Ref(C,-4) < Ref(C,-8) AND
Ref(C,-5) < Ref(C,-9) AND
Ref(C,-6) < Ref(C,-10) AND
Ref(C,-7) < Ref(C,-11) AND
Ref(C,-8) < Ref(C,-12) AND
{Validation Day}
Ref(C,-9) > Ref(C,-13)
{SELL SETUP}
C > Ref(C,-4) AND
Ref(C,-1) > Ref(C,-5) AND
Ref(C,-2) > Ref(C,-6) AND
Ref(C,-3) > Ref(C,-7) AND
Ref(C,-4) > Ref(C,-8) AND
Ref(C,-5) > Ref(C,-9) AND
Ref(C,-6) > Ref(C,-10) AND
Ref(C,-7) > Ref(C,-11) AND
Ref(C,-8) > Ref(C,-12) AND
{Validation Day}
Ref(C,-9) < Ref(C,-13)
(...and all this time you probably thought I had come up with something fancy.
*System Test* (If you don't want validation day, don't use it.)
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