#6 Tom DeMark Trend lines

Hello Edward

I have read the the tread of number 5 and 6 about the trend line stratgie but now it telles me to go to the forum but once there I cant find the tread about this strategie is it the end of it

Réal
Quebec

Hi Réal,

“Exit if the bar after the breakout bar opens below the breakout price level.”

A breakout level is a price level where price crosses=breaks a trend line.

Regards,
Edward

Hi Edward

In the ( TD Line Qualifier and potential filters )They talk about exit s what do they mean when they say (breakout price level) what is that level

Thank you
Réal

Hi Edward

thank very much

Réal

Hi Réal,

suggested time frame is 1 hour,
also you can use 15 min or 4 hour, depending on the time and preferences you have.

Regards,
Edward

Thank you

one more question I spend almost all of my time on my sail boat dont have internet connection I take what I can by wifi about once a week when I have a chance can you tell me what time frame would be best to use

thank you for you time reading and answering

Réal

Hi Réal,

UTD - Upper Trend line
LTD - Lower Trend line

Step 1 is the only step, programmed for this indicator, so just disregard this message.
Horizontal line value should be set to false. It has no practical application, but rather appears to be a reference point for a programmer when he coded Alerts.

So, just press a reset button after calling an Indicator settings menu.
Those horizontal projection lines you see on the chart are your profit targets after a breakout.

Best regards,
Edward

Hi

ia there a tutoria that explaind this demark indicator utd ? ltd? step 1 ? horizontal lins ?

tks Réal

Hello Mr Edward

I have downloaded these indicator The are not the same witch is te one I should use my other qustion one this one Ind-TD-Demark-3-1_eng if I change fractal AsTD the trend lini is not the same when I change from tru to false or vice vesa
I am new at trading have been reading and trying a big big buntch of indicator
have been papaer trading for about 2 yaer with no positive succes and also if you know of any one that could mentor or willing to help me on 1to1 basic that would be be nice any way what I would like to know what are all those valus in the indicator
thanck you for your time from what I see on you forum you are one busy man ad verry pation dont know how you can do all what your doing to help every one
thanck you verry mutch

Réal Rondeau Québec Canada

Hi Dib,

one indicator is enough. You can pick either one. They differ in style, but shouldn't differ in performance.

EST and GMT time zones are the best for calculating pivots.

Regards,
Edward

Hi Edward,

First of all my hat off to you for providing such a helpful site. Above two TD_Demark indicators are different from each other or do i have to add both of them?

I live in sydney so should I align my mt4 to GMT or any other timezone? Please advise.
Which time zone is best to calculate pivot points? Thanks in advance.

Regards
Dib

Hi Edward,
Everything works now. thanks for your help.I appreciate a lot.
Regards,Moriah.

Hi Moriah,

I guess you're confused a bit, since you mixed up it all.
To add a custom indicator to MT4, your steps should be next:

- copy IND-TD-DeMark-3-1_eng.mq4 file to programsfile/metatrader-alpari/experts/indicators
If you have a zipped file, you have to unzip it before copying .mq4 files to the above mentioned folder.
- close your MT4 platform if it was running. Restart the platform.
- on the platform, go to Menu above, where click on Insert -> Indicators -> Custom -> IND-TD-DeMark-3-1_eng

See also the scareenshot attached:

Hope this helps, otherwise let me know.

Regards,
Edward

Hi Edward,
I am really acknowledging for the expertise of your site. I have a problem with the downloading of custom indicators MT4.They appear in programsfile/metatrader-alpari/experts/indicators but not in insert/indicators/custom.For the indicators of this site end by (.zip),it´s fine.For those end by (.mq4),it´s doesn´t work.I don´t know why.Please ,could you help me.Sorry for this,I´m not getting used to MT4 platform.Before, I only trade with fxtrade platform.I hope you understand me.
Regards,Moriah

Hi Chris,

It is so. Level 2 would be much stronger, because the swing point proves to hold after 2 consecutive bars, instead of just one.
Also by knowing that regular Fractals by Bill Williams also use the same principle of "2 to the right and 2 to the left" we can conclude that a trendline breakout supported by yet another popular study - Fractals - will be noticed and traded by much greater number of traders around the world.

Regards,
Edward

P.S. ...although for my advanced strategy #5 I successfully continue to use level 1 method as well.