// Name : Waldo Pattern 02
// Author: Tom Demark
// Version: 1.0
// Date: 20100627

Demark Indicators by Jason Perl
Page 171
Bloomberg Press 2008
http://www.amazon.com/DeMark-Indicat.../dp/1576603148

[michaelaero]

Originally Posted by aaa »

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.

[aaa]

-
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/for...painting-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.

[aaa]

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

http://short-termcapitalmanagement.b...ndicators.html

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

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


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[aaa]

-
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 :=(

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

[aaa]

DeMark Indicators

• TD Waldo Patterns
  • TD Waldo 03 http://www.traderslaboratory.com/forums/f46/tom-demark-waldo-3-a-8415.html