ravikapa1

Trendline TomDemark

1020 views
130
This is based on the TomDemark rules to identify the TD points and form a TD line between 2TD points.
here i have identified using TD level 3.
To consider price as TD level 3 point, here are basic rules
To the left side of our identified TD point,
the 1st left candle should forming lower high compared to TD point.
the 2nd left candle should be forming lower high compared to 1st candle.
the 3rd left side candle should forming lower high compared to 2nd candle.

To the right side of our identified TD point,
the 1st right candle should forming lower high compared to TD point.
the 2nd right candle should be forming lower high compared to 1st candle.
the 3rd right side candle should forming lower high compared to 2nd candle.

after identifying 2 TD points we will draw a line in between them, whenever price crossed this line in future we will take buy call.

Similarly we can identify lower lows for Sell TD level3.
Release Notes: Updated
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Repaint ?
Reply
ravikapa1 Thellerd4
@Thellerd4, no repaint
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out