Tom de mark sequential monitor for nifty50 stocks

[vivektrader]

Seniors, one question:

A Bearish TD Price Flip occurs when the market records a close greater than the close four bars earlier, immediately followed by a close less than the close four bars earlier. So let us assume we have bar X. Now this Bar X closes higher than Close 4 bars ago (X-4) and thus establishes Bullish trend of market. But Next Bar Y (the one after X) immediately closes below close of 4 bars ago. So this changes the mood and sentiment in market.

Does that mean that rest 3 bars can be ignored and we wont care about what is the closing of those 3 bars if bar-X's closing is more than close of bar X-4 ? i.e (X-1), (X-2), (X-3) should be ignored.

yes, they are ignored for x, similarly for Y also y-1,-2and -3 are ignored.

 

[Happy_Singh]

Definition:
A Bearish TD Price Flip occurs when the market records a close greater than the close four bars earlier, immediately followed by a close less than the close four bars earlier. So let us assume we have bar X. Now this Bar X closes higher than Close 4 bars ago (X-4) and thus establishes Bullish trend of market. But Next Bar Y (the one after X) immediately closes below close of 4 bars ago. So this changes the mood and sentiment in market.


Explanation:
1. If ‘X’ bar’s close is greater than close of 'X-4’ bar
AND
2. ‘X+1’ bar’s close is less then close of ‘X-3’ bar should be met.

i.e we wont care about X-1, X-2, X-3 bar while checking condition-1
and we wont care about X-2, X-1, X bar while checking condition-2

Then we can say that we have a 'bearish flip' in place and we are ready to start counting 'TD Buys setup'.

Hi

You are trying to make it more complicated than it is . . .

We care for every bar . . . .

for each bar the close will be either less than or greater than close of the x-4 bar . . . .

so a flip occurs when . . . well a flip occurs

i.e a bullish bar is followed by bearish one (wrt x-4)
or a bearish bar is followed by bullish one (wrt x-4)

when bullish/bearish occur in same sequence you keep increasing the count

Happy

 

[vivektrader]

Hi

You are trying to make it more complicated than it is . . .

We care for every bar . . . .

for each bar the close will be either less than or greater than close of the x-4 bar . . . .

so a flip occurs when . . . well a flip occurs

i.e a bullish bar is followed by bearish one (wrt x-4)
or a bearish bar is followed by bullish one (wrt x-4)

when bullish/bearish occur in same sequence you keep increasing the count

Happy

I do not know whether you have simplified it or complicated it further
My understanding is closes of intervening bars between X and X-4 are irrelevant, the close of bar X is compared with close of X-4.
Now lets take out Y, Y is nothing but bar next to X, so let's call it X+1.
Now X+1 is to be compared with 4bars earlier, that is effectively X-3.
Intervening bars closes between X+1 and X-3 are ignored.
This is my understanding and I also reserve the right to be wrong

 

[Happy_Singh]

I do not know whether you have simplified it or complicated it further
My understanding is closes of intervening bars between X and X-4 are irrelevant, the close of bar X is compared with close of X-4.
Now lets take out Y, Y is nothing but bar next to X, so let's call it X+1.
Now X+1 is to be compared with 4 bars earlier, that is effectively X-3.
Intervening bars closes between X+1 and X-3 are ignored.
This is my understanding and I also reserve the right to be wrong

All bars are compared to 4 bars earlier so in that respect no need to worry about the 3 bars in-between . . .

so if you want to call them irrelevant . . . . . fine . . . you can do so

Happy

 

[travi]

Thank you sir...

All bhai here (& behen if disclosed), except ST Sir

 

[vivektrader]

Will post a chart in evening for flip bar definition. For some reason tinypic is not working now.

 

[Krishan86]

Will post a chart in evening for flip bar definition. For some reason tinypic is not working now.

Is this marking correct.

 

[Krishan86]

yes, they are ignored for x, similarly for Y also y-1,-2and -3 are ignored.

Crystal clear answer. Thanks !

 

[vivektrader]

Is this marking correct.

Not visible please post it again.

Vivek

 

[Krishan86]

Not visible please post it again.

Vivek

looks like some problem with tinypic site. I have created a google doc and saved my charts there. Please have a look.

https://docs.google.com/document/d/1htk3UzlLEfylGFzBkTiMZniqQGb9kM_BuR1UYl4NqtM/edit?usp=sharing