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TD Demand Point


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TD Demand Point

  #1 (permalink)
kaywai
singapore
 
Posts: 131 since Nov 2009
Thanks Given: 11
Thanks Received: 7

Hi,

I'm trying to code a TD Demand Point but not sure how to go about doing so.

A Level 1 TD Demand Point is defined as a low which has a higher low on either side of it and a Level 3 TD Demand Point is defined as a low which has 3 higher lows on each side of it.

So, in the first scenario, Close[1] < Close[2] && Close[1] < Close[0] and
in the second scenario Close[3] is < Close[0], Close[1], Close[2], Close[4], Close[5] and Close[6].

I would like to code it where I can determine the Level and the code does the rest.

Could anyone help?

Regards

Kay Wai

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  #3 (permalink)
 
cory's Avatar
 cory 
virginia
 
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add swing indicator twice, set it to swing(1) and swing(2)

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  #4 (permalink)
kaywai
singapore
 
Posts: 131 since Nov 2009
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Thanks Received: 7

will try that. thanks!

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  #5 (permalink)
kaywai
singapore
 
Posts: 131 since Nov 2009
Thanks Given: 11
Thanks Received: 7

Swing is not what I was looking for. Let me explain it further what I am trying to achieve. For example for a DemandPoint Level 1, my code would be something like this:-

if (Close[1] < Close[0] && Close[1] < Close[2])
{
DemandPoint = true;
}

AND for a DemandPoint Level 3

if (Close[3] < Close[0] && Close[3]< Close[1] && Close[3] < Close[2] &&
Close[3] < Close[4] && Close[3] < Close[5] && Close[3] < Close[6])
{
DemandPoint = true;
}

How can I code it in such a way that by altering the DemandPoint Level variable, I am able to obtain other alternative scenarios like DemandPoint Level 5 or DemandPoint Level 6, where the bool DemandPoint is true without having to have type out the if condition in full?

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  #6 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
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you have been working on this for a whole year. Was you able to code any of demark's setup?

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  #7 (permalink)
kaywai
singapore
 
Posts: 131 since Nov 2009
Thanks Given: 11
Thanks Received: 7

cory, demark's setup is all good now. this is another indicator from TD - TD Lines

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  #8 (permalink)
 
Trader.Jon's Avatar
 Trader.Jon 
Near the BEuTiFULL Horse Shoe
 
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kaywai View Post
Hi,

I'm trying to code a TD Demand Point but not sure how to go about doing so.

A Level 1 TD Demand Point is defined as a low which has a higher low on either side of it and a Level 3 TD Demand Point is defined as a low which has 3 higher lows on each side of it.

So, in the first scenario, Close[1] < Close[2] && Close[1] < Close[0] and
in the second scenario Close[3] is < Close[0], Close[1], Close[2], Close[4], Close[5] and Close[6].

I would like to code it where I can determine the Level and the code does the rest.

Could anyone help?

Regards

Kay Wai

If you want to compare Low[*], then why are you testing Close[*] ??

Jon

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  #9 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


kaywai View Post
cory, demark's setup is all good now. this is another indicator from TD - TD Lines

you should be able to re-use the code from a working indicator.

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  #10 (permalink)
kaywai
singapore
 
Posts: 131 since Nov 2009
Thanks Given: 11
Thanks Received: 7


jon, you are correct!. it should be Lows compared with Lows. Thx!

cory, I have been searching in my midst of coding other TD indicators but have not come across anything that will help me determine the points. drawing the initial line should be fine though there are rules there too.

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