Investor/RT - Scan Center - TD Sequential Setup

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TD Sequential_� Setup

TD Sequential_� is a Registered Trademark of DeMark Indicators

Name
TD Sequential_� Setup

Submitted by
Chad Payne

Periodicity
5 minute

Elements
CL: Close
LO: Low

Explanation
This scan is based on the TD Sequential indicator described in Thomas DeMark's book DeMark on Daytrading Options. The signal below searches for call option entry opportunities. It should be run on a quotepage of call options which are near expiration and slightly in-the-money. You may choose any periodicity you like, although I prefer 5 minute bars. It requires 9 consecutive bars in which the closing price of the bar is less than the closing price 4 bars back. There is also a qualifier built in in which the lowest low of the 7th, 8th, and 9th bar is less than the close of the 6th bar. This scan can be used alone as a call option buy signal, or can be used in conjunction with the TD Sequential Intersection and TD Sequential Countdown also described in Demark's book.

Signal
((CL < CL3) AND (CL1 < CL4) AND (CL2 < CL5) AND (CL3 < CL6) AND (CL4 < CL7) AND (CL5 < CL8) AND (CL6 < CL9) AND (CL7 < CL10) AND (CL8 < CL11) AND (CL9 < CL12)) AND ((LO7 < CL6) OR (LO8 < CL6) OR (LO9 < CL6))

Parameters
No parameters needed for this scan.

Import
To import the scan into Investor/RT, simply copy the italicized text below into a text file, save the text file, and then from the Investor/RT menu, choose FILE:OPEN:FILE and then select your saved text file. Ensure that your parameters and periodicities match those above.

BEGIN INVESTOR/RT SCAN DEFINITION
COMMENT=TD SEQUENTIAL SETUP from linnsoft.com
SOURCE=Chad Payne
DATE=07/06/99
VERSION=3.7
DATAFEED=myTrack
NAME=TD_SEQUENTIAL_SETUP
QP=.Options
PERIODICITY=7
ELEM=CL:Close
ELEM=LO:Low
SCAN=((CL < CL3) AND (CL1 < CL4) AND (CL2 < CL5) AND (CL3 < CL6) AND (CL4 < CL7) AND (CL5 < CL8) AND (CL6 < CL9) AND (CL7 < CL10) AND (CL8 < CL11) AND (CL9 < CL12)) AND ((LO7 < CL6) OR (LO8 < CL6) OR (LO9 < CL6))
ALERT=NO
SOUND=NO
FREQUENCY=0
-
- Comments
-
END INVESTOR/RT SCAN DEFINITION