Jan WillemDe Korver

Tom Demark Count

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I tried to program the Tom de Mark counting principle.
This is the downside part. If the close closes lower than the close 4 bars earlier than it count till a maximum of 9.

At that stage it starts the rest of the TD sequential till a count of 13.

There are some rules (I actually use it in another trading algo) when you want to initiate a long (in this case)
-If the count of 9 is reached but the close is still higher at the count of 9 than the previous TD countdown at 9
-If the count of 13 is reached we can assume that the trend is exhausted and a reversal is likely

Best regards

jan de Korver

ps I will publish the otherside of the Tom de mark sequential shortly herafter
let me know if there are still inconsistencies
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Comments

I'm pretty new here, could someone please tell me how to implement this in my TradingView (or post a link where it is explained)? I tried copy and pasting the code into the Pine Editor and it gives me several error messages, so it's not as easy as I thought apparently... Anyway, thanks a lot for writing this and I hope to be able to use it very soon!
+30 Reply
hey thx for the great work but it doesn't work - it don't see on every candle a number - i am doing something wrong?
+8 Reply
TheBullCapital TheBullCapital
i see a lot of L
+4 Reply
Hello,
Thnx for your great work, could yu please tell us the shapes and its corresponding meaning>
for example>> L = ?? is it recycle or cancel and what is that star shape referring to??
Plz explain
+6 Reply
vaicru Stroggwars.
@Stroggwars., and "c" what's meaning ?
Reply
@vaicru and also @stroggwars, I've been looking into the "C" and it refers to this (TD Camouflage) https://www.forexfactory.com/showthread.php?t=364588
"L" refers to TD Clop Buy Signal, don't have a direct link for it but you might do a search on the web for it,
Reply
nirolgg idontHodl
@idontHodl, Thanks
Reply
vaicru idontHodl
@idontHodl, thank you
Reply
What are the letters L and C that are showing in the indicator?
+2 Reply
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