This script is derived from Trading_Bites Power Indicator implementation of the DeMark buy/sell signal:
This indicator just implements the buy/sell signal without the other elements of that indicator. It looks for the buy/sell signal across multiple timeframes, which can be selected by the user. The idea is that if a buy/sell signal on one timeframe is good,...
Simple working script for mechanised version of elliott wave counting as per the rules from the book "Demark Indicators by Jason Perl"
Also Added TD Alternatives -- Haven't figured how to make it appear when TD countdown finishes...If anybody can help me out please do..
Any update to the script please go ahead and do it... and colabrate...
Hear are the...
Time and Money Chart Channel
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TAM channels, introduced by Stuart Belknap, is part of his TAM charts setup.
These bands use SMA as the basis. 3 lines above and below paralleling the centerline (basis) represent one, two and three sigmas of the actual data points from the mean centerline.
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