![]() ![]() Also, this got me thinking about my time coding this stuff into Metastock, and while researching, I remember searching the internet and finding various pieces of code for Metastock and Tradestation, which helped me in my pursuits. ![]() This would be a good book to order (and have in a day or so) if anyone is serious about DeMark. More importantly, he also dedicates a chapter to describe how to use the TD series. Just a cursory look at the table of contents, Perl deals with 16 of DeMark's most popular indicators such as TD Sequential, TD Combo, TD Lines, TD Retracements, TD Trend Factor, TD Propulsion, TD Oscillators, TD Moving Averages, TD Range Projection, Expansion, Breakout and Channels, TD Differential, Reverse Differential and Anti-Differential and, lastly, TD Waldo Pattern. I do have this book which I read in 2011 when I was programming the "TD" stuff. The TD ROC (Rate of Change) indicator, for example, is stated that it is an integral part of the TD Alignment but can be used as a stand alone indicator. One thing that should be noted is that most of DeMark's (TD) indicators either build upon or are a part of other TD indicators. He wrote his book as a clarification, summary and abbreviated explanation of all of DeMarks more popular indicators. He is a self-described disciple of DeMark. The 3rd book is "DeMark Indicators" (2008) by Jason Perl. I have to correct that I said that I read two books. I did buy my first book, but NOT the second book, It is funny that as I jumped into this conversation, it got me to thinking. And unless you really want to own the books (if you are really going to use them over and over) get them from the library, as they are expensive. He does do a nice job of explaining his indicators step-by-step, which is nice if you want to program them. If you really want to use his systems, and they do have much public fanfare, make your way through the books. More simply, the profits don't justify the time and complexity. OK, that being said, my advice is to try out some of his methods, but my experience was that they are so complex that they don't seem to work as well as all the hype surrounding DeMark. But for me, there are easier ways to make money (i.e. I guess if you have a team of programmers and sub-quants at your disposal, extremely complex systems are great. Very complex, very multi-aspect indicators which try to cover every imaginable possibility. (Look up Rube on the net for some really COOL moving puzzles). Anyway, his systems, to put it mildly, are the Rube Goldberg puzzles of the system trading world. I know that I could have bought his system for Metastock, but what fun is that. I did code all of his indicators into Metastock and back test them with average results. If you want a painful challenge, write some of his systems into an Excel System or code it into Metastock or Tradestation (or now, into TOS). If you really want a challenge, read one or both of these books. I don't know if I should admit this, but I have read "New Market Timing" and "The New Science of Technical Analysis." DeMark is famous on Wall Street, and his reputation is that he is extremely successful. ![]()
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