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TD Waldo 02

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Hi Michael

 

Sorry if U're desappointed

 

Have U tweaked the

Move.Bars( xx ),

Previous.Bars( xx ),

according 2 your chart ?

 

But U're right = people must B aware that my video is not a good example.

Such a perfect precision arrives very rarely.

I should have posted a more realistics pic like that one below

 

rgds

 

attachment.php?attachmentid=21605&stc=1&d=1277918903

Snap1.jpg.ee9e5fa7e1cad855cddd8456f1634cc9.jpg

Edited by aaa

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yes aaa, your second pic is more realistics.

My parameters are the same as you give:Move.Bars( 10), Previous.Bars( 4 ).

I am not disappointed. Your code is precise enough for me because I have other indicator combination such as RSI etc, that's why i am very appreciated. I used to research candlestick pattern, and now find your code (or TD Waldo 02) better than candlestick pattern.Thanks also Tom Demark.

 

I notice you change to MoveBars(12) and Previous.Bars(3) in the second chart of 1 minute. can you explain why?

 

Can you pls continue coding TD Waldo 03 to Waldo 08? Appreciated!

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For those of us that don't have the book yet, does anyone have a brief description of the theory behind the Waldo2 pattern/indicator.

 

Coincidentally, is Jason Perl the same JPERL that posts in the market statistics thread. Love those VWAP videos!... I'd buy the book today!

 

snowbird

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For those of us that don't have the book yet, does anyone have a brief description of the theory behind the Waldo2 pattern/indicator.

 

http://books.google.com/books?id=GZtlA991lNYC&pg=PT199&lpg=PT199&dq=demark+waldo&source=bl&ots=GsiDAoHonR&sig=nKmYjAteHAV1_DxVu20rxx3uuqU&hl=en&ei=yLIFS7vCBoH_nAfd5PjJCw&sa=X&oi=book_result&ct=result&resnum=5&ved=0CBAQ6AEwBA#v=onepage&q=demark%20waldo&f=false

 

Pattern Two:

 

The market records a fresh high or low for a move, but closes higher than the four previous closes (for a potential base)

 

OR

 

The market closes lower than the four previous closes (for a potential top)

 

OR

 

The close of the trend high is greater than the previous price bar, or the close of the trend low is less than or equal to the previous price bar

 

AND

 

A down close occurs after a high or an up close occurs after a low, and the close following the high is greater than the close prior to the high, or the close following the low is less than the close prior to the low.

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I notice you change to MoveBars(12) and Previous.Bars(3) in the second chart of 1 minute. can you explain why?

 

Hi Michael

 

Here is a 2 cents suggestion

 

Put multiple copys of an indicator with different input on your preferate graph ( Move.Bars( xx ), Previous.Bars( xx ) )

 

Change colors 2 identfy them

 

Now choose the values which gives you best result according 2 your trading style

 

rgds

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Hi Michael

 

Here is a 2 cents suggestion

 

Put multiple copys of an indicator with different input on your preferate graph ( Move.Bars( xx ), Previous.Bars( xx ) )

 

Change colors 2 identfy them

 

Now choose the values which gives you best result according 2 your trading style

 

rgds

 

yes aaa, I am asking my question because I found the most effective pattern was TD Waldo 2, according to the book. for those TD waldo 3-8, I got very bad results as I tried coding them. and thanks for your suggestions.

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-

Question from a PM

 

2. Dots look like scalper dots (do they also appear delayed by 2-3 bars?)

 

I answer on the forum 4 the benefit of the community

 

- Dots appears with " only " 1 bar delay

 

plot1[1](h[1] + Offset, "Waldo02 High");

plot2[1](l[1] - Offset, "Waldo02 Low");

 

See also

 

http://www.traderslaboratory.com/forums/f46/repainting-8251.

 

How 2 delay a signal with EasyLanguage

 

When applying the analysis technique to a chart, you can displace the plot to the right or left.

 

For example:

 

Plot1[3](Value1);

 

The above example calculates the plot value using the current bar but draws it on the chart 3 bars ago.

Use a negative number to draw the value 3 bars ahead of the current bar.

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Question from a Visitor Message

 

1. Do you have links other than the book that explain the Waldo indicator ?

 

I answer on the forum 4 the benefit of the community

 

*************************************************

 

Short-Term Capital Management Site

 

 

Each link will contain a description and explanation of what the indicator attempts to measure and what values it uses to determine the output of the indicator

 

Most of the NinjaScripts code on this site is intended for strategies, not indicators.

 

It is in the process of updating all the code examples

 

*************************************************

 

 

DeMark Indicators

Edited by aaa

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-

Question from a PM

 

3. Does the indicator work on historical data (or must it be in real time) ?

 

I answer on the forum 4 the benefit of the community

 

************************* ************************

 

If pp can deal with 1 bar delay it should work in all Data feed

 

B aware that noplot function erase only the intrabar false signal

 

So in this code below it could not erase the false signal 1 bar back

 

plot1[1](h[1] + Offset, "Waldo02 High");

 

This limitation in the code should generate many false signals

 

And I dono how 2 avoid that, except reload the chart at each bar :=(

 

***********************

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