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Tom DeMark DIFF
I read the following from a website, does anyone have a similar indicator of what he is talking about?
Thank you so much “TD DIFF” One way of determining buying pressure is to subtract a price bar’s low from its close. Likewise, determining selling pressure is achieved by subtracting the bar’s close from its high. Tom DeMark goes one step further and takes into account two consecutive bars in the definition of his TD DIFF indicator. If the closing prices of these two bars are both lower than their respective previous bar’s close, he compares the difference between each bar’s low and close. If the difference is greater for the current bar, he suggests that price will probably rally. Conversely, if the closing prices of the last two bars are both higher than their respective previous bar’s closes, he then compares the difference between each bar’s close and high. If the difference is greater for the most recent bar, he concludes that price will have a tendency to decline. |
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cja, thanks but not quite,
this is more informations that i got about it. TD DIFF™ Buy: Close(@) < Close(@)[-1] AND Close(@)[-1] < Close(@)[-2] AND Close(@) - Low(@) > Close(@)[-1] - Low(@)[-1] AND True High(@) - Close(@) < True High(@)[-1]- Close(@)[-1] COMPLEX TD DIFF™ BUY: 1) 2 consecutive down closes (today and yesterday) 2) difference between low and close today is greater than the difference between low and close yesterday--buying pressure; 3) difference between true high today--high today or close yesterday whichever is greater (adjust for gap in other words)--and the close today is less than the difference between yesterday's true high--high yesterday or close 1 day before yesterday whichever is greater (adjust for gap in other words)--and the close yesterday--selling pressure **For positive (bullish) differential at a possible low the buying pressure must be greater than prior day's buying pressure and the selling pressure must be less than the prior day's selling pressure. The expectation for a TD Diff™ Buy is a high the next price bar above the prior price bar’s high before a low below the prior price bar’s low. TD DIFF™ SELL: Close(@) > Close(@)[-1] AND Close(@)[-1] > Close(@)[-2] AND High(@) - Close(@) > High(@)[-1] - Close(@)[-1] AND Close(@) - True Low(@) < Close(@)[-1] - True Low(@)[-1] COMPLEX DIFF SELL: 1) 2 consecutive up closes (today and yesterday) 2) difference between high and close today is greater than the difference between the high and close yesterday--selling pressure; 3) difference between the close today and the true low-- today's low or yesterday's close whichever is less (adjust for gap in other words)—is less than the difference between yesterday’s close and its true low—low yesterday or close 1 day before yesterday whichever is less(adjust for gap in other words)--buying pressure **For negative (bearish) differential at a possible high the buying pressure must be less than prior day's buying pressure and the selling pressure must be greater than the prior day's selling pressure. The expectation for a TD Diff™ Sell is a low the next price bar below the prior price bar’s low before a high above the prior price bar’s high. |
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should be here http://www.forex-tsd.com/indicators-...mark-diff.html
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