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De Mark

This document defines a DeMark 9 indicator study that plots triangular shapes above and below bars to identify buy and sell signals. It tracks consecutive up and down closes over 4 periods to generate trend (TD) and stall (TS) counts. Counts of 7, 8, or 9 are plotted as green downward or red upward triangles to signal long or short setups.

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Hecc Flores
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315 views1 page

De Mark

This document defines a DeMark 9 indicator study that plots triangular shapes above and below bars to identify buy and sell signals. It tracks consecutive up and down closes over 4 periods to generate trend (TD) and stall (TS) counts. Counts of 7, 8, or 9 are plotted as green downward or red upward triangles to signal long or short setups.

Uploaded by

Hecc Flores
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

//DeMark_9_Indicator_Wealth_Insider

study("DeMark9 Indicator",overlay=true)
TD = close > close[4] ?nz(TD[1])+1:0
TS = close < close[4] ?nz(TS[1])+1:0
TDUp = TD - valuewhen(TD < TD[1], TD , 1 )
TDDn = TS - valuewhen(TS < TS[1], TS , 1 )
plotshape(TDUp==7?
true:na,style=shape.triangledown,text="7",color=green,location=location.abovebar)
plotshape(TDUp==8?
true:na,style=shape.triangledown,text="8",color=green,location=location.abovebar)
plotshape(TDUp==9?
true:na,style=shape.triangledown,text="⚠️",color=green,location=location.abovebar)
plotshape(TDDn==7?
true:na,style=shape.triangleup,text="7",color=red,location=location.belowbar)
plotshape(TDDn==8?
true:na,style=shape.triangleup,text="8",color=red,location=location.belowbar)
plotshape(TDDn==9?
true:na,style=shape.triangleup,text="✅",color=red,location=location.belowbar)

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