This indicator uses Tom DeMark’s TD Sequential counting from 1 to 13.
Number 9 and 13 usually identify an exhausted trend and mark a trend reversal.
The important numbers get displayed as labels (7-13), where 9 and 13 are both highlighted as "Long" or "Short".
Besides the numbers the price candles are colored based upon the sequence.
Bullish colors are...
What is Pivot Points?
Pivot points are used by traders in equity and commodity exchanges. They're calculated based on the high, low, and closing prices of previous trading sessions, and they're used to predict support and resistance levels in the current or upcoming session. These support and resistance levels can be used by traders to determine entry and exit...
This script is based on CD DeMark Range Expansion V1.
It works by taking the range of the last day, multiplying it by 0.38 and 0.62 a projecting them from the opening of the current day, both in the up and down directions. You can configure it to use the range of the day, the week, or whatever. You can also hide other values and display only in the current day,...
Why Pivot Point is popular？
Because unlike most indicators, it's not lagging! It is forward-looking, it's real-time, it's just right there.
I don't like many indicator lines crossing my screen everywhere, just as some Pivot Point indicators did, i would rather to keep it neat and clean.
So I wrote this simple DeMark pivot point indicator, gathering...