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DeMark's Sequential™ Trading System
This will tell us how high the market washout rate is.
Submitted by Maurice Odekerken from Holland m.odekerken@home.nl

Spreadsheet for this formula is available for download. Right-click hereand select 'Save Target As...' to save it to a location on your harddrive.

Buy Indicators :


TD - SetUp-Buy

TD1:=If(C<Ref(C,-4),1,0);

TD2:=If(TD1=1 AND Ref(TD1,-1)=1 AND Ref(TD1,-2)=1 AND Ref(TD1,-3)=1 AND
Ref(TD1,-4)=1 AND Ref(TD1,-5)=1 AND Ref(TD1,-6)=1 AND Ref(TD1,-7)=1 AND
Ref(TD1,-8)=1, 1,0);

TD3:=If(Ref(C,-9)>=Ref(C,-13),1,0);

TD4:=If(TD2=1 AND TD3=1,1,0);

TD5:=If(H>=Ref(LLV(L,5),-3),1,0);

D8:=If(Ref(TD4,1)=1 AND TD5=1,1,0);

D9:=If(TD4=1 AND TD5=1 AND Ref(D8,-1)<>1,1,0);

D10:=If(Ref(TD4,-1)=1 AND TD5=1 AND Ref(D8,-2)<>1 AND Ref(D9,-1)<>1,1,0);

D11:=If(Ref(TD4,-2)=1 AND TD5=1 AND Ref(D8,-3)<>1 AND Ref(D9,-2)<>1 AND
Ref(D10,-1)<>1,1,0);

D12:=If(Ref(TD4,-3)=1 AND TD5=1 AND Ref(D8,-4)<>1 AND Ref(D9,-3)<>1 AND
Ref(D10,-2)<>1 AND Ref(D11,-1)<>1,1,0);

D13:=If(Ref(TD4,-4)=1 AND TD5=1 AND Ref(D8,-5)<>1 AND Ref(D9,-4)<>1 AND
Ref(D10,-3)<>1 AND Ref(D11,-2)<>1 AND Ref(D12,-1)<>1,1,0);

D14:=If(Ref(TD4,-5)=1 AND TD5=1 AND Ref(D8,-6)<>1 AND Ref(D9,-5)<>1 AND
Ref(D10,-4)<>1 AND Ref(D11,-3)<>1 AND Ref(D12,-2)<>1 AND Ref(D13,-1)<>1,1,0);

D15:=If(Ref(TD4,-6)=1 AND TD5=1 AND Ref(D8,-7)<>1 AND Ref(D9,-6)<>1 AND
Ref(D10,-5)<>1 AND Ref(D11,-4)<>1 AND Ref(D12,-3)<>1 AND Ref(D13,-2)<>1 AND
Ref(D14,-1)<>1,1,0);

D16:=If(Ref(TD4,-7)=1 AND TD5=1 AND Ref(D8,-8)<>1 AND Ref(D9,-7)<>1 AND
Ref(D10,-6)<>1 AND Ref(D11,-5)<>1 AND Ref(D12,-4)<>1 AND Ref(D13,-3)<>1 AND
Ref(D14,-2)<>1 AND Ref(D15,-1)<>1,1,0);

D17:=If(Ref(TD4,-8)=1 AND TD5=1 AND Ref(D8,-9)<>1 AND Ref(D9,-8)<>1 AND
Ref(D10,-7)<>1 AND Ref(D11,-6)<>1 AND Ref(D12,-5)<>1 AND Ref(D13,-4)<>1 AND
Ref(D14,-3)<>1 AND Ref(D15,-2)<>1 AND Ref(D16,-1)<>1,1,0);

SetUp:=D8+D9+D10+D11+D12+D13+D14+D15+D16+D17;

SetUp

 

 


TD Count Down Buy A

Cum(If(C<Ref(CLOSE,-2),1,0)) - ValueWhen(1,Ref(Fml("TD - SetUp-Buy" ), 1)=1,
Cum(If(C<Ref(C,-2),1,0)))

 


TD Count Down Buy B

If(Fml("TD Count Down Buy A")>=14 AND C>Ref(C,-4),1,0)

 

 


TD Count Down Buy C

If(Fml("TD Count Down Buy A")>=14 AND C>Ref(H,-2),1,0)

 

 

Buy Experts :

Type / Change in Highlights:

 


Buy Bullish SetUp

{Color: Cyan}

Fml( "TD - SetUp-Buy" ) =1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,1)=1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,2)=1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,3)=1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,5)=1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,6)=1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,7)=1 OR
Ref( Fml( "TD - SetUp-Buy" ) ,8)=1

 

 


Buy Count Down

{Color: Blue}

( Fml( "TD Count Down Buy A" ) =13
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 13) OR
( Fml( "TD Count Down Buy A" ) =12
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 12) OR
( Fml( "TD Count Down Buy A" ) =11
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 11) OR
( Fml( "TD Count Down Buy A" ) =10
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 10) OR
( Fml( "TD Count Down Buy A" ) =9
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 9) OR
( Fml( "TD Count Down Buy A" ) =8
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 8) OR
( Fml( "TD Count Down Buy A" ) =7
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 7) OR
( Fml( "TD Count Down Buy A" ) =6
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<>6) OR
( Fml( "TD Count Down Buy A" ) =5
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 5) OR
( Fml( "TD Count Down Buy A" ) =4
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 4) OR
( Fml( "TDCount Down Buy A" ) =3
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<>3) OR
( Fml( "TD Count Down Buy A" ) =2
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<>2)

 

 


Buy A

{Color: Green}

( Fml( "TD Count Down Buy A" ) =14 AND Ref( Fml( "TD Count DownBuy A" ),-1)<> 14)

 

 


Buy B

{Color: Green}

A:=If( Fml( "TD Count Down Buy A" ) =14
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Buy B" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,B ) AND Fml( "TD Count Down Buy B" ) =1

 

 


Buy C

{Color: Green}

A:=If( Fml( "TD Count Down Buy A" ) =14
AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Buy C" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,C ) AND
Fml( "TD CountDown Buy C" ) =1

 

 
Type / Change in Symbols:
 


SetUp9

{Label: 9 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Fml( "TD - SetUp-Buy" )=1

 

 


SetUp8

{Label: 8 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ),1)=1

 

 


SetUp7

{Label: 7 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,2)=1

 

 


SetUp6

{Label: 6 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,3)=1

 

 


SetUp5

{Label: 5 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,4)=1

 

 


SetUp4

{Label: 4 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,5)=1

 

 


SetUp3

{Label: 3 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,6)=1

 

 


SetUp2

{Label: 2 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,7)=1

 

 


SetUp1

{Label: 1 / Font: 8 / Color: Magenta / Position: Below / Graphics: None}

Ref( Fml( "TD - SetUp-Buy" ) ,8)=1

 

 


CountDown1

{Label: 1 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =2 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<>2

 

 


CountDown2

{Label: 2 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =3 AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 3

 

 

CountDown3

{Label: 3 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =4 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 4

 

 


CountDown4

{Label: 4 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =5 AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 5

 


CountDown5

{Label: 5 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =6 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 6

 


CountDown6

{Label: 6 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =7 AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 7

 

CountDown7

{Label: 7 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =8 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 8

 


CountDown8

{Label: 8 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =9 AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 9

 


CountDown9

{Label: 9 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =10 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 10

 


CountDown10

{Label: 10 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =11 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 11

 


CountDown11

{Label: 11 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =12 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 12

 


CountDown12

{Label: 12 / Font: 8 / Color: Brown / Position: Below / Graphics: None}

Fml( "TD Count Down Buy A" ) =13 AND Ref( Fml( "TD Count Down Buy A" ) ,-1)<> 13

 


CountDown13

{Label: Buy A / Font: 9 / Color: Green / Position: Below / Graphics: Buy Arrow )

Fml( "TD Count Down Buy A" ) =14 AND Ref( Fml( "TD Count Down Buy A" ) ,-1 )<> 14

 


Buy B

{Label: Buy B / Font: 9 / Color: Green /Position: Below / Graphics: Buy Arrow )

A:=If( Fml( "TD Count Down Buy A" ) =14 AND Ref( Fml( "TD CountDown Buy A") ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Buy B" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,B ) AND Fml( "TD Count Down Buy B" ) =1

 


Buy C

{Label: Buy C / Font: 9 / Color: Green /Position: Below / Graphics: Buy Arrow )

A:=If( Fml( "TD Count Down Buy A" ) =14 AND Ref( Fml( "TD CountDown Buy A") ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Buy C" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,C ) AND Fml( "TD Count Down Buy C" ) =1

 

Sell Indicators :

 


TD - SetUp-Sell

TD1:=If(C>Ref(C,-4),1,0);
TD2:=If(TD1=1 AND Ref(TD1,-1)=1 AND Ref(TD1,-2)=1 AND Ref(TD1,-3)=1 AND Ref(TD1,-4)=1 AND
Ref(TD1,-5)=1 AND Ref(TD1,-6)=1 AND Ref(TD1,-7)=1 AND Ref(TD1,-8)=1,1,0);

TD3:=If(Ref(C,-9)<=Ref(C,-13),1,0);

TD4:=If(TD2=1 AND TD3=1,1,0);

TD5:=If(L>=Ref(HHV(H,5),-3),1,0);

D8:=If(Ref(TD4,1)=1 AND TD5=1,1,0);

D9:=If(TD4=1 AND TD5=1 AND Ref(D8,-1)<>1,1,0);

D10:=If(Ref(TD4,-1)=1 AND TD5=1 AND Ref(D8,-2)<>1 AND Ref(D9,-1)<>1,1,0);

D11:=If(Ref(TD4,-2)=1 AND TD5=1 AND Ref(D8,-3)<>1 AND Ref(D9,-2)<>1 AND Ref(D10,-1)<>1,1,0);

D12:=If(Ref(TD4,-3)=1 AND TD5=1 AND Ref(D8,-4)<>1 AND Ref(D9,-3)<>1 AND
Ref(D10,-2)<>1 AND Ref(D11,-1)<>1,1,0);

D13:=If(Ref(TD4,-4)=1 AND TD5=1 AND Ref(D8,-5)<>1 AND Ref(D9,-4)<>1 AND
Ref(D10,-3)<>1 AND Ref(D11,-2)<>1 AND Ref(D12,-1)<>1,1,0);

D14:=If(Ref(TD4,-5)=1 AND TD5=1 AND Ref(D8,-6)<>1 AND Ref(D9,-5)<>1 AND
Ref(D10,-4)<>1 AND Ref(D11,-3)<>1 AND Ref(D12,-2)<>1 AND Ref(D13,-1)<>1,1,0);

D15:=If(Ref(TD4,-6)=1 AND TD5=1 AND Ref(D8,-7)<>1 AND Ref(D9,-6)<>1 AND
Ref(D10,-5)<>1 AND Ref(D11,-4)<>1 AND Ref(D12,-3)<>1 AND
Ref(D13,-2)<>1 AND Ref(D14,-1)<>1,1,0);

D16:=If(Ref(TD4,-7)=1 AND TD5=1 AND Ref(D8,-8)<>1 AND Ref(D9,-7)<>1 AND
Ref(D10,-6)<>1 AND Ref(D11,-5)<>1 AND Ref(D12,-4)<>1 AND Ref(D13,-3)<>1 AND
Ref(D14,-2)<>1 AND Ref(D15,-1)<>1,1,0);

D17:=If(Ref(TD4,-8)=1 AND TD5=1 AND Ref(D8,-9)<>1 AND Ref(D9,-8)<>1 AND
Ref(D10,-7)<>1 AND Ref(D11,-6)<>1 AND Ref(D12,-5)<>1 AND Ref(D13,-4)<>1 AND
Ref(D14,-3)<>1 AND Ref(D15,-2)<>1 AND Ref(D16,-1)<>1,1,0);

SetUp:=D8+D9+D10+D11+D12+D13+D14+D15+D16+D17;
SetUp

 


TD Count Down Sell A

Cum(If(C>Ref(C,-2),1,0))-ValueWhen(1,Ref( Fml( "TD - SetUp-Sell" ), 1)=1, Cum(If(C>Ref(C,-2),1,0)))

 


TD Count Down Sell B

If(Fml( "TD Count Down Sell A" )>=14 AND C<Ref(C,-4),1,0)

 


TD Count Down Sell C

If(Fml( "TD Count Down Sell A" )>=14 AND C<Ref(H,-2),1,0)

 

Sell Experts :

Type / Change in Highlights:

 


Sell Bearish Setup


{Color: Cyan}

Fml( "TD - SetUp-Sell" ) =1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,1)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,2)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,3)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,4)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,5)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,6)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,7)=1 OR
Ref( Fml( "TD - SetUp-Sell" ) ,8)=1

 


Sell Count Down

{Color: Blue}

( Fml( "TD Count Down Sell A" ) =13
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 13) OR
( Fml("TD Count Down Sell A" ) =12
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 12) OR
( Fml("TD Count Down Sell A" ) =11
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 11) OR
( Fml("TD Count Down Sell A" ) =10
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 10) OR
( Fml("TD Count Down Sell A" ) =9
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 9) OR
( Fml( "TD Count Down Sell A" ) =8
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 8) OR
( Fml( "TD Count Down Sell A" ) =7
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 7) OR
( Fml( "TD Count Down Sell A" ) =6
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 6) OR
( Fml( "TD Count Down Sell A" ) =5
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 5) OR
( Fml( "TD Count Down Sell A" ) =4
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 4) OR
( Fml( "TD Count Down Sell A" ) =3
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 3) OR
( Fml( "TD Count Down Sell A" ) =2
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 2)

 


Sell A

{Color: Green}

( Fml( "TD Count Down Sell A" ) =14
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 14)

 


Sell B

{Color: Green}

A:=If( Fml( "TD Count Down Sell A" ) =14
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Sell B" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,B ) AND Fml( "TD Count Down Sell B" ) =1

 


Sell C

{Color: Green}

A:=If( Fml( "TD Count Down Sell A" ) =14
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Sell C" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,C ) AND Fml( "TD Count Down Sell C" ) =1

 
Type / Change in Symbols:
 


SetUp9

{Label: 9 / Font: 8 / Color: Magenta / Position: Above / Graphics: None}

Fml( "TD - SetUp-Sell" )=1

 

SetUp8

{Label: 8 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),1)=1

 


SetUp7

{Label: 7 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),2)=1

 


SetUp6

{Label: 6 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),3)=1

 


SetUp5

{Label: 5 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),4)=1

 

SetUp4

{Label: 4 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),5)=1

 


SetUp3

{Label: 3 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),6)=1

 


SetUp2

{Label: 2 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),7)=1

 


SetUp1

{Label: 1 / Font: 8 / Color: Magenta / Position: Above/ Graphics: None}

Ref( Fml( "TD - SetUp-Sell" ),8)=1

 


CountDown1

{Label: 1 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =2
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>2

 


CountDown2

{Label: 2 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =3
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>3

 


CountDown3

{Label: 3 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =4
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>4

 


CountDown4

{Label: 4 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =5
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>5

 


CountDown5

{Label: 5 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =6
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>6

 


CountDown6

{Label: 6 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =7
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>7

 


CountDown7

{Label: 7 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =8
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>8

 


CountDown8

{Label: 8 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =9
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>9

 


CountDown9

{Label: 9 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =10
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>10

 


CountDown10

{Label: 10 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =11
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>11

 


CountDown11

{Label: 11/ Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =12
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>12

 


CountDown12

{Label: 12 / Font: 8 / Color: Brown / Position: Above / Graphics: None}

Fml( "TD Count Down Sell A" ) =13
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>13

 


CountDown13

Sell A
{Label: Sell A / Font: 9 / Color: Red / Position:Above / Graphics: Sell Arrow }

Fml( "TD Count Down Sell A" ) =14
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<>14


Sell B
{Label: Sell B / Font: 9 / Color: Red / Position: Above / Graphics: Sell Arrow}

A:=If( Fml( "TD Count Down Sell A" ) =14
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Sell B" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,B ) AND
Fml( "TD Count Down Sell B" ) =1


Sell C
{Label: Sell C / Font: 9 / Color: Red / Position: Above / Graphics:Sell Arrow}

A:=If( Fml( "TD Count Down Sell A" ) =14
AND Ref( Fml( "TD Count Down Sell A" ) ,-1 )<> 14,1,0);
B:=If( Ref(Fml( "TD Count Down Sell C" ),-1) =1,1,0);
HighestSinceBars(1,A =1,A )<HighestSinceBars(1,B=1,C ) AND Fml( "TD Count Down Sell C" ) =1

 
Jest jeszcze manual.

Thomas DeMark's Sequential (tm) System

Basically the criteria are as enumerated below, however, to appreciate the rational and nuances you are urged to read Ch. 7 of his book. The systemis divided into three distinct stages, A. Set up, B. Count Down, and C. Entry.

A. Set Up Criteria

1. For a Buy signal. Nine consecutive daily price closes which are lowerthan the close four days earlier.
For a Sell signal. Nine consecutive daily price closes which are higher than the closes four days earlier.

2. An Absolute Prerequisite
The day prior to the first day of a nine consecutive set up sequence must:
for a buy signal have a close higher than or equal to the close four days earlier,
for a sell signal have a close lower than or equal to the close four days earlier.

B. Count Down

For 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).
For a sell signal, after successful set up, wait for thirteen closes which are higher than the close two days earlier.

C. Entry

On successful completion of set up and count down we now have a choice:

a) Enter on the close of the day that the count down is completed, i.e. the close of the thirteenth defined close. This is the most aggressive and highest risk entry but most closely approximates the exact high or low of the trend about to be reversed. However, it is the entry most likely to be whipsawed if the Sequential fails.

Entry after reversal

b) On a close higher for a buy (lower for a sell) than a close four daysearlier after the count down has been concluded, i.e. post reversal.

c) On a close higher for a buy (lower for a sell) than the high (low) two days earlier after conclusion of the count down, i.e. a compromise between a) and b).


TdM-SS/figure_1.gif

Figure 1 shows the bear market of the U.S.$ Index for much of 1994. It is in daily price candlestick format for easy recognition of closes. The nine consecutive lows of the count down are enumerated (1-9) and the prerequisite day is marked P. The subsequent thirteen lows are enumerated (1-13). Thebuy entries as recommended are designated a, b and c respectively.
Buy signals were on the close a) Oct. 20, 94, b) Oct. 28, 94 and c) Oct.28, 94.


TdM-SS/figure_2.gif


Figure 2 shows the same price chart with Wilder's Parabolic. His SAR buywas given after the close on Nov. 2, 94.

TdM-SS/figure_3.gif

Figure 3 shows the 40 day MA of the U.S.$ Index with 1.5% and 3% channels about the average and the most recent down trend line and its subsequentviolation. The lower, outer channel contained the final decline. Price breakingabove the final down trend line occurred on Nov. 9, 94 and above the 40 dayMA (a moving trend line) on the same day. Which is also the day when thesecondarea of resistance (second interim high after the low) was violated.

TdM-SS/figure_4.gif

Figure 4 shows the 5:80 DCCI of the same price sequence. This gave a buyalert after the close on Oct. 25, 94.
When my MAPC/DCCI system gave a buy alert it was reasonable to expect that only a minor correction was afoot. The buy signal would be confirmed on a close above the down trend line, in this case it would have occurred after the close Nov. 9, 94. Because of Thomas DeMark's book and my review of its Sequential system application over many markets I decided to enter on his b) recommended entry, i.e. on completion of the set up and the subsequent close higher than a close four days earlier, the more conservative entry. In this case entry was after the close of Oct. 28, 94.

Thomas DeMark addresses the subject of Stops for entry into his Sequential trades. I will not review them. Stops are a very difficult decision to make and are as personal as underwear. I use Wilder's Parabolic as an initialstop. At the time of my entry no such stop was indicated but by definitionit would be the low of the reversal and so it was.

A currency valuation is a relative value viz a viz another currency. When the U.S.$ rallies the Euro Currencies and J.Yen are likely to decline. Use of DeMark's Sequential (tm) to define the best currency to have sold against the U.S.$ indicated it to be the S.Franc. Incidentally the S.Franc on a fundamental basis was the most over valued currency against the U.S. dollar, over 70% on a Purchasing Power Parity basis. Figures 5-8 outline the analysis andentry of the short sale in the S.Franc which topped out slightly ahead ofthe bottoming of the U.S. dollar.

TdM-SS/figure_5.gif

Figure 5 shows the bull market of the S.Franc for much of 1994. It is indaily price candlestick format for easy recognition of closes. The nine consecutive highs of the count down are enumerated (1-9) and the prerequisite day ismarked P. The subsequent thirteen highs are enumerated (1-13). The sell entriesas recommended are designated a, b and c respectively.
Buy signals were on the close a) Oct. 17, 94, b) Oct. 25, 94 and c) Oct.21, 94.

TdM-SS/figure_6.gif

Figure 6 shows the same price chart with Wilder's Parabolic. His SAR sell was given after the close on Oct. 28, 94.

TdM-SS/figure_7.gif

Figure 7 shows the 40 day MA of the S.Franc with 2.0% and 4.0% channels about the average and the most recent up trend line and its subsequent violation. The upper, outer channel was marginally violated by the final advance. Price breaking below the final up trend line occurred on Nov. 2, 94 and gappedbelow the 40 day MA (a moving trend line) on Nov. 9, which is also the daywhenthe second area of support (second interim low after the high) was violated.

TdM-SS/figure_8.gif

Figure 8 shows the 5:80 DCCI of the same price sequence. This gave a sell alert after the close on Oct. 25, 94.

With similar reasoning I went short the S.Franc on DeMark's b) entry on Oct. 25, 94 with a stop at the high of the reversal. So I entered profitable complementary trades ahead of my usual entry with a closer stop.

 
 
 
 
 
 
 
 
 
 
 
Source / From: TOP
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