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Date/Time: Sun, 22 Dec 2024 16:52:03 +0000



Comparing bar closes

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[2015-06-16 12:06:45]
michelh - Posts: 159
Dear SC,
I am learning some Tom Demark as a timing aid to see if this can be incorporated into my discretionary trading plan.
I see that there have been previous discussions on Demark indicators and that SC doesn't support them.

All I am seeking is to:
1. put an up triangle (green) above a bar if the close is higher than the close 4 bars ago.
2. put a down triangle (red) below a bar if the close of the bar is less than the close 4 bars ago.

I am not sure how to do this but would be very appreciative if I could have your guidance.

From there, it would be easy to do a TD sequential count by visually counting consecutive triangles without formally programming TD indicators.

With thanks
Date Time Of Last Edit: 2015-06-16 12:13:58
[2015-06-16 16:35:54]
Sierra Chart - Max - Posts: 5756
1,2. Both can be done. You can use the Color Bar Based on Alert Condition study documented here:

https://www.sierrachart.com/index.php?page=doc/doc_TechnicalStudiesReference.html#s245
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