Strategy Desk Users' Group

[Tony G]

Improved Demark-9 Indicator

Here's the Custom Study to try on the color bar chart. It will yield 3 possible values:

0 neutral
-1 = Downtrend Demark count at 9 or higher
+1 = Uptrend Demark count at 9 or higher


(
Bar[Close,D,0] < Bar[Close,D,4] AND
Bar[Close,D,1] < Bar[Close,D,5] AND
Bar[Close,D,2] < Bar[Close,D,6] AND
Bar[Close,D,3] < Bar[Close,D,7] AND
Bar[Close,D,4] < Bar[Close,D,8] AND
Bar[Close,D,5] < Bar[Close,D,9] AND
Bar[Close,D,6] < Bar[Close,D,10] AND
Bar[Close,D,7] < Bar[Close,D,11] AND
Bar[Close,D,8] < Bar[Close,D,12]
) * -1
+
(
Bar[Close,D,0] > Bar[Close,D,4] AND
Bar[Close,D,1] > Bar[Close,D,5] AND
Bar[Close,D,2] > Bar[Close,D,6] AND
Bar[Close,D,3] > Bar[Close,D,7] AND
Bar[Close,D,4] > Bar[Close,D,8] AND
Bar[Close,D,5] > Bar[Close,D,9] AND
Bar[Close,D,6] > Bar[Close,D,10] AND
Bar[Close,D,7] > Bar[Close,D,11] AND
Bar[Close,D,8] > Bar[Close,D,12]
) * 1



You should be able to paint the bars and add the lower indicator using the above formulas. If you display as a histogram it is easier to count the number of days with the first blue bar being day # 9. Any running count 8 or lower is simply displayed as 0.

I'm tinkering with the Demark perfection criteria by making the indicator also indicate +2 or -2 (beta test on above chart). Looks ok but I'm still working on it...