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DM Indicator

DXY: Qualified Trendline-BreakBy connecting the latest Level 3 TD Supply Points on the US Dollar Currency Index Chart (4hrs), we see a long Trendline. The Continuation of the Trendline between both Points was drawn by the TD lines Script, while the Line that connects both TD Points (to be exact: the wicks/ the high-values of that candles are connected) was drawn by Hand to better illustrate the Trendline. The Trendline was broken and R:R based SL/TP values have been calculated automagically. Assuming 1:3, SL is at 94.07 and TP at 95.
TVC:DXYLong
by TradingClue
CHFJPY 4H LongWhile searching for use-cases for TD Lines based Strategies, I found out that CHFJPY seems to be sensitive to TD Lines/ Trendline-based Signals. Using TD Points Level 3 reduces the number of Signals but increases the Reliability. As a Strategy for taking Profit, I use the 3-Day-Trailing-Stop-Rule (3DTSR) by Peter Brandt. Here are the full Settings . Looking at the Backtests - Net-Profit is high, while Drawdown is low. Recently, the current TD Supply Line was broken and a Buy-Signal was issued that still looks very valid. So it would be a good Idea to have a look, how the markets open on Sunday-Night (depending on where you are ...) and then enter the trade on a pullback.
Long
by TradingClue
NEOBTC bullish on multiple TimeframesThere are several signs that indicate a bullish trend reversal on NEOBTC. First - let's look at the 4H Chart. There is a long TD Supply Line that was formed by Level 3 TD Points. Below the Line is a bullish Divergence of Price vs. CCI. The current Candle already broke the Trendline to the up-side. The Trendline-break and the bullish Divergence are strong Signals for going long - although the Price of the current Candle dropped further and moved below the Trendline. This might be an opportunity to get in early at a good Price. The second Timeframe to look at is the Daily. We see a strong bullish CCIDivergence that is overlapped by a MACDDivergence, while RSI is in the oversold Area. RSI indicates a trend-reversal, but it is hard to say when this will happen, because it didn't find it's ground. But both Signals - the Divergence and RSI being oversold - are valid long Signals. Finally, looking at the weekly Chart, it looks like Price might soon touch the longterm upward Trend/ Support Line as well as the EMA70. Looking at those Signals this might be a profitable opportunity to get into a longterm uptrend. The Profit Target that was calculated based on the R:R based approach (1:3) of the TD Lines Study, is a little above 0.00565. But assuming that this might become a very strong uptrend, I would aim for at least 0.01.
Long
by TradingClue
TD Lines work very reliable with ZRXBTCWhile playing around with TD lines, I found out, that ZRXBTC seems to be very "sensitive" to trendline-breaks. Here are some settings that provide only a few but therefore very reliable and profitable signals. I'm using TD Lines with ZRXBTC on a 1H timeframe on Binance, TD Points Level 1, 3DTSR for trailing stops (this is a concept I learned from Peter Brandt) while using a R:R based approach for profit taking. The ratio was set to 1:2. To filter out bad trades an RSI filter (7/20/80) was applied.
by TradingClue
Tom DeMark Strategy. Short BTCOk, let me explain. This is for educational purposes, I am trying to use Tom DeMark recipe to cook shorts. 1- Go to 4H chart and look for a broken trend, just join the lower lows to get your trend line. 2 - Locate the higher high price in trend, note the price. 9875 USD (A). 3 - Draw a vertical line trough the previous candle and look the intersection between this line and the trend line, note the price. 9300 USD (B). 4 - Look for the first candle closed below the trendline and note the open price of this candle. 9725 USD (C), this will be our entry. 5 - Do this operations to get your target. A - B = D C - D = TARGET 9875 - 9300 = 575 9725 - 575 = 9150 6 - Use the TW short tool, entry price is 9725 USD, our target is 9150 USD (orange dashed line). The last step is to position your stop loss. I positioned it at 3:1 is a good ratio for me, 9916 USD. Is the first time that I use this theory in real practice, that was a good and succesful move. Please I would like that you validate this TA and comment with your opinion, don't hesitate and tell me if am doing something wrong. Thank you for your time, peace.
BITFINEX:BTCUSDShort
by UnknownUnicorn2138412
TD Lines on 1h GoldLooks like trading XAUUSD with a very basic Trendline-Breaking approach can be very profitable. In this example I used TD Points Level 1 to generate Trendlines on a 1H chart - a lot of signals will be generated with this settings. TP/ SL will be calculated based on a R:R of 1:2 according to Tom DeMarks approach. No Trailing Stops, no RSI filter. Due to the high number of Signals, I needed to limit the backtest to only test the years 2017 and 2018. 40% profit, 5% Drawdown.
OANDA:XAUUSD
by TradingClue
WE Indicator - Based on the Tom DeMark Indicator and Tone VaysWE Indicator is based on the Tom DeMark indicator Buy/Sell signals are shown in 1-9 sequences, with the sequence reset on failed previous close comparisons. Buy/Sell signals are also displayed for aggressiveness with 1-13 sequences. More features being added -- Input Configuration Transparency Input Configuration: Transparency FIll Input Configuration: Multi Colour Filling Input Configuration: Sell Close Comparison Input Configuration: Buy Close Comparison Input Configuration: Fill Sell Colour Input Configuration: Fill Buy Colour This indicator is in development. Cheers, David Stevens (davro | chillierdavro)
by davro
1
$BTC $USD Demark Indicator, 8 candles, consolidation, fibs$BTC $USD Demark Indicator, 8 candles, consolidation, fibs Ok, the channel in my last BTC chart did not do very well. The floor was too weak. So I have removed the floor. Let us look at things with the Demark indicator and fib levels. As you can see, the candles are bounce between 61.8% level and 38.2% level. This looks very much like consolidation. So a bit of horizontal movement. When we add the Demark indicator into the mix we see that in many instances we fail to achieve a 9 candle and the price reverses on an 8 candle. This would indicate to me that people are preempting the reversal but getting in or out on the 8 candle as the know 9 candle is normally the reversal. This would also indicate to me market cautiousness.
COINBASE:BTCUSD
by cbassthefish