Ind-TD-Demark-3-1 - Page 3

leutzuro · #21 (**permalink**) 01-20-2006, 01:04 PM

i dont know how you use this because the line is changing all the time

SpecII · #22 (**permalink**) 01-20-2006, 02:33 PM

Hi,

I enter in the horizontal lines and my TP is when the indicator shown in the chart.
I enter when the 1 Bar is closed above or below of the price .I dont use SL .I use reversal only.

Cheers

leutzuro · #23 (**permalink**) 01-22-2006, 11:51 AM

i dont know how works for you because when i plot the indicator i have some target and later when the trend is changing i have another targer

Rancho · #24 (**permalink**) 01-23-2006, 01:21 AM

Ref: Ind-TD-Demark-3-1

A Question for MT4 programmers:
What do I change in the code to make the indicator's display text, especially the target data, a little larger? They are kinda tiny on my 17" screen and I don't want to change screen resolution.

Thanks!

Thruline · #25 (**permalink**) 01-23-2006, 04:00 AM

Can someone post the REI indicator shown in post #10?

Thanks.

newdigital · #26 (**permalink**) 01-23-2006, 09:45 AM

Quote:

Originally Posted by Thruline

Can someone post the REI indicator shown in post #10?

Thanks.

I posted the image (post #10) from here. It is Polish website about Metastock software:

Quote:

DeMark's Indicator and REI Indicator

PUBLISHED: Page 98 and 100 of Tom Demark's new book, "The New Scienceof Technical Analysis" 1994.
COMMENTS: Note that the DeMark indicator on page 100 follows firstand iscontained in one formula only.

The REI (Range Expansion Index follows that and is contained over 5 formulas).

They could probably be compacted to one formula, but I felt that thisis more readable as Tom DeMark presents them in a similar manner.

DeMark's Indicator:

Code:

Sum(If(H, > ,Ref(H,-1),H-Ref(H,-1),0),13) /
(Sum(If(H, > ,Ref(H,-1),H-Ref(H,-1),0),13) +
Sum(If(L,>= ,Ref(L,-1),0,Ref(L,-1)-L),13))

Var1
If(Ref(H,-2),< ,Ref(C,-7),If(Ref(H,-2),<,Ref(C,-8),If(H,< ,Ref(L,-5),If(H,< ,Re f(L,- 6),0,1),1),1),1)
Var2
If(Ref(L,-2),> ,Ref(C,-7),If(Ref(L,-2),> ,Ref(C,-8),If(L,> ,Ref(H,-5),If(L,> ,Ref(H,- 6),0,1),1),1),1)

SubValues
( Fml("Var1") * Fml("Var2") * (H-Ref(H,-2))) + (Fml("Var1") * Fml("Var2") * (L-Ref(L,-2)) )

AbsDailyVal
( Abs(H-Ref(H,-2)) + Abs(L-Ref(L,-2)) )

REI Indicator

Sum(Fml("SubValues"),8) / Sum(Fml("AbsDailyVal"),8)

And for MetaStock 6.5 it should be like this:

DeMark's REI Indicator:

Code:

x1:=If(Ref(H,-2),< ,Ref(C,-7), 
If(Ref(H,-2),<,Ref(C,-8), 
If(H,<,Ref(L,-5), 
If(H,<,Ref(L,- 6),0,1),1),1),1);
x2:=If(Ref(L,-2),> ,Ref(C,-7), 
If(Ref(L,-2),>,Ref(C,-8),
If(L,>,Ref(H,-5),
If(L,>,Ref(H,- 6),0,1),1),1),1);
SubValues:=(x1) * (x2) * (H-Ref(H,-2) ) +((x1) * (x2) * (L-Ref(L,-2)) );
AbsDailyVal:=(Abs(H-Ref(H,-2)) + Abs(L-Ref(L,-2)));
Sum((SubValues),8) / Sum((AbsDailyVal),8)

newdigital · #27 (**permalink**) 01-23-2006, 09:48 AM

If somebody can convert it from Metastock to mql4 it will be very good.

schwager · #28 (**permalink**) 01-26-2006, 12:55 PM

PHP Code:


			
//+------------------------------------------------------------------+

//|                                                          Rei.mq4 |

//|                                                 Copyright © 2005 |

//|                                                      freeware.de |

//+------------------------------------------------------------------+

#property copyright "Copyright "

#property link      "Freeware"



#property indicator_separate_window

#property indicator_buffers 1

#property indicator_color1 Red

double REIBuffer[];



int init()

  {

   SetIndexStyle(0,DRAW_LINE);

   SetIndexShift(0,0);

   SetIndexDrawBegin(0,0);

   SetIndexBuffer(0,REIBuffer);





//---- indicators

//----

   return(0);

  }

//+------------------------------------------------------------------+

//| Custor indicator deinitialization function                       |

//+------------------------------------------------------------------+

int deinit()

  {

//---- TODO: add your code here

   

//----

   return(0);

  }

//+------------------------------------------------------------------+

//| Custom indicator iteration function                              |

//+------------------------------------------------------------------+

int start() {

   int limit,SubValues,AbsDailyVal,Rei;

   int counted_bars=IndicatorCounted(),x1=0,x2=0;

   

   

   if(counted_bars<0) return(-1);

   if(counted_bars>0) counted_bars--;

   

   limit=Bars-counted_bars;

   

   double avg;



   for(int x=0; x<limit; x++;); 

   {

     if(High[2]<Close[7]&&High[2]<Close[8]&& High[x]<Low[5]&&High[x]<Low[6]) x1=1;

     

     if(Low[2]>Close[7]&&Low[2]>Close[8]&&Low[x]>High[5]&&Low[x]>High[6] x2=1;

     

     SubValues=((x1*x2*(High[x]-High[2])+((x1*x2*(Low[x]-Low[2]));

     AbsDailyVal=(High[x]-High[2])+(Low[x]-Low[2]);

     Rei=SubValues[8]/AbsDailyVal[8];

     REIBuffer[]=Rei;

 

   }

   return(0);

  }

//+------------------------------------------------------------------+