#6 Tom DeMark Trend lines

Hi Réal,

traders are encouraged to create new threads at the forum. Once a discussion starts, a thread will be linked to the main website page.

Regards,
Edward

Hello Edward,

Calculating the buying pressure is easy enough. Low-close+close. What about "selling pressure" for a downside breakout? maybe it has been mentioned somewhere but I don

Claude

Hi Claude,

we didn't talk about it before.

Here is what guys at Visual trading think about formulas for buying and selling pressure:

bp = buying pressure
tl = true low
bc = bar close
bl = bar low
pc = previous bar close

if (bl < pc) then (tl = bl) else (tl = pc)

bp = bc - tl

------------------------------

sp = selling pressure
th = true high
bc = bar close
bh = bar high
pc = previous bar close

if (bh > pc) then (th = bh) else (th = pc)

sp = bc - th

source: http://forum.vtsystems.com/lofiversion/index.php/t7302.html

Regards,
Edward

Hello

Is anybody trading this Richard dunchain 4week rule system
is there a thread about it
By the way Edward I have bouth the book about trend lines maybe I will learn from it but you vsee I am french english is my second language
thanck you for all your help you and every one else on this forum
and happy new year to al

Réal

This method is known as Donchian channel method.
I've attached the manual and MT4 indicator for you.

Donchian channel breakout (pdf)
Donchian_Channels_v1.mq4

Hope this helps.

Happy trading!
Edward

This Demark Trendline is now my Favorite System. I trade it on the Daily Charts and it has worked great. You just need huge stops. Thanks for sharing!

Hi Edward ...Great job on the forum and thanks for the DM indicators ...I prefer the IND-TD-DeMark-3-1_eng.mq4 as it gives projected profit targets, but the other indicator has Alerts...

...any idea how I can add Alerts to the IND-TD-DeMark-3-1_eng.mq4 one?

Kind regards, Steve.

Thank you Steve,

Unfortunately, I'm not familiar with MQL to add features to MT4 indicators.

Regards,
Edward