I have been a user

    Demark indicators

    Posted by soldado1976 on 16th of Jun 2016 at 09:26 am

    I have been a user for a long time. The setup and the countdown (the 9 and the 13 counts) are pretty awesome - but he has instituted a number of other indicators and I use a total of about 7. Extremely good stuff. nothing is perfect but it is the best way I have found for identifying high probability points for a change in trend. 

    yes from what I gathered

    Posted by matt on 16th of Jun 2016 at 09:35 am

    yes from what I gathered you used to be able to buy a to download a ton of DeMark indicators and systems, but DeMark and his aggressive legal team went on a tirade back in 2010 / 11 and shut down every blog and website that had them, well forced them to remove them, so they are hard to find now.  You can lease them for $500 a month from DeMarks website, whick is clearly institutional not for the average guy.  

    that said the basis stuff looks easy to code, the 9/13 stuff, it's simple logic, i.e. that I could have my programmer knock out quickly.  

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    In short the basic DeMark setup consists of the following:

    • A series of nine consecutive bars that close higher or lower than the close 4 bars earlier. (Bars are “period” candlesticks — periods can be minute, hourly, daily, weekly, monthly, etc…).
    • 9 consecutive closes “higher” than the close 4 bars prior records a “sell setup” and 9 consecutive closes “lower” than the close 4 bars prior records a “buy setup.”
    • A “sell setup” is “perfected” when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9 and a “buy setup” is likewise “perfected” when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9. A “perfected” setup tends to be a better indicator, as unperfected setups often are perfected at a later date.
    • After a setup records, a reaction in opposite direction has a higher probability during the next 1-4 bars.

    As I understand it people

    Posted by soldado1976 on 16th of Jun 2016 at 09:58 am

    As I understand it people were coding it on their own, and offering it up for sale. That was what they went after. They don't want to charge the money from Bloomberg, and in fact it used to be free on BBG about 10 years ago. But one time there was some bug and they said for everyone to ask the BBG help desk about it and the help desk was flooded with 30,000 requests at the same time. So BBG said they needed to charge for it. Regardless, its very good stuff. 

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