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Shared Scans
TD Sequential® Setup
TD Sequential® is a Registered Trademark of DeMark Indicators
Name
TD Sequential®
Setup
Submitted
by
Chad Payne
Periodicity
5 minute
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))
No parameters needed for this scan.
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