rsu9

DeMark Sequential Mini bar By RSU

rsu9 Premium Updated   
DeMark Sequential Indicator,Developed by industry legend, Tom DeMark , over the course of his nearly 50-year career, the DeMARK Indicators offer an incomparable approach to those seeking a deeper, more comprehensive understanding of the financial markets. Unlike other methods, these proprietary studies are designed to identify potential price moves before the market responds, enhancing your analysis and timing.
9 and 13 indication mark a completion of the Setup phase in the Sequential and Combo family of indicators. The 9 and 13 output look for a series of consecutive price comparisons to define the underlying environment. Generally speaking, these 9 and 13 result are often followed by a price reversal, with the impact and duration defined by other elements of the indicator.

Features:
1.For the simplicity of the interface, I made it appear at the bottom of the screen and use it with other indicators, instead of letting it appear on the candlestick to interfere with my judgment.
2.I use A for 10, B for 11, C for 12, and D for 13.
3.This indicator starts to display at 7, which is used to prepare you for the possible reversal of the trend. When it is equal to 9 and 13, it will be displayed in red to remind you that the trend may reverse.

Usage:
When Demark indicator gives a sell signal 9, Create Short position after the Demark “9” close,and use the Fibonacci extension function for the stop loss, measure the top and bottom of this band, and use 1.272 as the stop loss.

Notice:
DeMark is an oscillator, please use it with trend indicators at the same time to prevent the indicator from error prompts.
Release Notes: Change:
1.Show the complete sequence, highlighting at 9 and D(13).
2.Support Mutil Timeframe.
Release Notes: 1
Release Notes: Change:
Removed the restriction that MTF can only select Day, Week, Month, now all timeframes can be selected.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?