Jan WillemDe Korver

Tom Demark Setup & Sequential Countdown

206 2 16
Something that helps me with my trades.

Trade after countdown reaches 13 after the perfection of a buy or sell Setup.

Perhaps still some errors included. I am going through the documentation so better versions should follow.

Jan de Korver

Remove from Favorite Scripts Add to Favorite Scripts
study("My Script", overlay=true)

Count=close>close[4]?1:0
Count1=Count==1?nz(Count1[1])==0?1:Count1[1]==1?2:Count1[1]==2?3:Count1[1]==3?4:Count1[1]==4?5:Count1[1]==5?6:Count1[1]==6?7:Count1[1]==7?8:Count1[1]==8?9:0:0

Counta=close<close[4]?1:0
Count2=Counta==1?nz(Count2[1])==0?1:Count2[1]==1?2:Count2[1]==2?3:Count2[1]==3?4:Count2[1]==4?5:Count2[1]==5?6:Count2[1]==6?7:Count2[1]==7?8:Count2[1]==8?9:0:0

piepb=Count1==9 and piepb[1]==0?1:piepb[1]>0?piep2[1]==13?0:nz(piepb[1])+1:0
piep2=piepb>0 and close>high[2] and close>high[1]?piep2[1]==13?0:nz(piep2[1])+1:piep2[1]==13?0:piep2[1]



piepa=Count2==9 and piepa[1]==0?1:piepa[1]>0?piep[1]==13?0:nz(piepa[1])+1:0
piep=piepa>0 and close<low[2] and close<low[1]?piep[1]==13?0:nz(piep[1])+1:piep[1]==13?0:piep[1]


plotchar(Count1==1,char='1', color=lime)
plotchar(Count1==2,char='2', color=lime)
plotchar(Count1==3,char='3', color=lime)
plotchar(Count1==4,char='4', color=lime)
plotchar(Count1==5,char='5', color=lime)
plotchar(Count1==6,char='6', color=lime)
plotchar(Count1==7,char='7', color=lime)
plotchar(Count1==8,char='8', color=lime)
plotchar(Count1==9,char='9', color=lime)

plotchar(Count2==1,char='1', color=red)
plotchar(Count2==2,char='2', color=red)
plotchar(Count2==3,char='3', color=red)
plotchar(Count2==4,char='4', color=red)
plotchar(Count2==5,char='5', color=red)
plotchar(Count2==6,char='6', color=red)
plotchar(Count2==7,char='7', color=red)
plotchar(Count2==8,char='8', color=red)
plotchar(Count2==9,char='9', color=red)
plotshape(piep==1 and piep[1]==0?1: na, text='1', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==2 and piep[1]==1?1: na, text='2', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==3 and piep[1]==2?1: na, text='3', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==4 and piep[1]==3?1: na, text='4', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==5 and piep[1]==4?1: na, text='5', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==6 and piep[1]==5?1: na, text='6', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==7 and piep[1]==6?1: na, text='7', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==8 and piep[1]==7?1: na, text='8', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==9 and piep[1]==8?1: na, text='9', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==10 and piep[1]==9?1: na, text='10', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==11 and piep[1]==10?1: na, text='11', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==12 and piep[1]==11?1: na, text='12', location=location.belowbar, style=shape.triangledown, color=red)
plotshape(piep==13 and piep[1]==12?1: na, text='13', location=location.belowbar, style=shape.triangledown, color=red)
// when you want to plot same two items plotshape(piep==13 and piep[1]==12?low*0.85: na, text='13', location=location.absolute, style=shape.triangledown, color=lime)
plotshape(piep2==1 and piep2[1]==0?1: na, text='1', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==2 and piep2[1]==1?1: na, text='2', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==3 and piep2[1]==2?1: na, text='3', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==4 and piep2[1]==3?1: na, text='4', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==5 and piep2[1]==4?1: na, text='5', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==6 and piep2[1]==5?1: na, text='6', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==7 and piep2[1]==6?1: na, text='7', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==8 and piep2[1]==7?1: na, text='8', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==9 and piep2[1]==8?1: na, text='9', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==10 and piep2[1]==9?1: na, text='10', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==11 and piep2[1]==10?1: na, text='11', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==12 and piep2[1]==11?1: na, text='12', location=location.belowbar, style=shape.triangleup, color=lime)
plotshape(piep2==13 and piep2[1]==12?1: na, text='13', location=location.belowbar, style=shape.triangleup, color=lime)
snapshot


Thanks for sharing. Here I have found this very simple tool called Candle Count useful for measuring waves too. Could prove to be a good compliment to TD. Just some obvious notations on the chart, not a very thorough detail.
Reply
cristian.d
10 months ago
Hey Jan, nice one, but the TD 13 countdown is wrong I think.


Jason Perl book, DeMark Indicators lies the rules for countdown 13:

Filters That Cancel a Developing TD Buy Countdown, either of the following conditions erases an incomplete TD Buy Countdown:
1. if the price action rallies and generates a TD Sell Setup, or
2. if the market trades higher and posts a true low above the true high of the prior
TD Buy Setup—that is, TDST resistance.

Delayed number 13 Rule - In order for the bar 13 to appear, the low of TD Buy Countdown bar thirteen be less than, or equal to, the close of TD Buy Countdown bar eight.

The opposite is valid for Canceling or delaying TD Sell Coundown.. Is it possible to add these rules? Thanks
Reply
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