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Tom Demark Trendlines Indicator Description

Tom DeMark trend lines can be used to profit on multiple timeframes from 15 minutes to longer periods. Both scalpers and long term traders can benefit from trading breakouts or bounces within the trend lines. There are specific breakout qualifiers for upside and downside breakouts of the trend lines including requirements for the direction of the previous close, the position of the current bar open relative to the trend line and previous closes, and the relationship of buying or selling pressure to the trend line level.

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Md Saiful Islam
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554 views1 page

Tom Demark Trendlines Indicator Description

Tom DeMark trend lines can be used to profit on multiple timeframes from 15 minutes to longer periods. Both scalpers and long term traders can benefit from trading breakouts or bounces within the trend lines. There are specific breakout qualifiers for upside and downside breakouts of the trend lines including requirements for the direction of the previous close, the position of the current bar open relative to the trend line and previous closes, and the relationship of buying or selling pressure to the trend line level.

Uploaded by

Md Saiful Islam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tom demark Trend lines Indicator description

Using Tom demark Trend lines can profit on all timeframes down to 15M. Scalpers and long term traders can
profit from this. Also, u might not wait on a break of a TL but can trade its bounce i.e.: the price is bouncing
inside a triangle drawn by TD TL.
Here are the breakout qualifiers of Tom demark Trend lines:
Upside breakout qualifiers
Qualifier 1: The price bar prior to an upside breakout must be a down close.
Qualifier 2: The current price bars open must be greater than both the current TD Supply Line and the
previous price bars close and must then trade at least one tick higher.
Qualifier 3: The previous price bars close plus the previous bars buying pressure must be below the
current
price bars TD Supply Line price level.
Qualifier 4: The current price bars open must be above both the previous two price bars closes, and the
current price bars TD Supply Line must be above the previous price bars high.
Downside breakout qualifiers
Qualifier 1: The price bar prior to a downside breakout must be an up close.
Qualifier 2: The current price bars open must be less than both the current TD Demand Line and the previous
price bars close and must then trade at least one tick lower.
Qualifier 3: The previous price close minus the previous bars selling pressure must be above the current
price bars TD Demand Line price level.
Qualifier 4: The current price bars open must be below both the previous two price bars closes, and the
current price bars TD Demand Line must be below the previous price bars low.

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