Support Board
Date/Time: Sun, 24 Nov 2024 13:37:32 +0000
Post From: TD Moving Averages
| [2013-11-01 20:33:28] |
| kona808 - Posts: 12 |
|
Hi there, I was wondering about the possibility of creating the Tom DeMark moving averages? They are very simple, and would be of immense help. I have listed the conditions below (this is for the "bullish" moving average. Inverse is true for the bearish) If there is a price low that is higher than all 12 prior price lows, then a moving average is created. The moving average is a five bar moving average of the lows and extends forward for another four bars (the current price bar and three more into the future). IF, within the next 4 bars, the market fails to post a fresh low above all 12 prior lows, THEN the moving average of the lows disappears. BUT IF the market records a low greater than all 12 previous low, THEN the 5-bar moving average of the lows will continue for another 4 bars. |