Ind_TD_DeMark_3_1_LA_Mod_01_AIME_v1

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Author: Copyright � 2005, Kara Software Corp.
Ind_TD_DeMark_3_1_LA_Mod_01_AIME_v1

This technical script is designed to identify and visualize key structural "pivot points" in financial charts, specifically focusing on the upper and lower boundaries of price movement. It uses a methodology inspired by DeMark price action theory to help traders identify significant trends and potential profit targets.

Core Logic Overview

The tool operates by scanning historical price data to find specific peaks (highs) and troughs (lows). It doesn't just look for any high or low price; it looks for structural points where the market has established a clear turn or shift in momentum.

Key Functional Components

1. Pivot Point Identification The script searches the chart to locate significant high and low "points." Depending on your settings, it can look for:

  • Standard TD Points: Specific price action configurations where the current candle's high or low is higher/lower than the surrounding candles in a specific way.
  • Fractal-based Points: An alternative mode that uses "fractals" (self-similar patterns) to determine these structural points, which are often used to identify swing highs and lows.

2. Trend Mapping Once the script identifies these pivot points, it connects them visually:

  • Trend Lines: It automatically draws lines connecting consecutive high points (representing resistance/uptrend) and consecutive low points (representing support/downtrend).
  • Visual Hierarchy: It can show multiple "steps" or layers of these trends simultaneously. This allows you to see not just the most recent trend, but also broader, longer-term structural moves on the same chart.

3. Automated Target Calculation One of the more advanced features of this script is its ability to project potential price targets based on the slope and height of the identified trends:

  • Take Profit Projections: When a trend line is established between two points, the script calculates the "slope" of that movement.
  • Dynamic Targets: It then looks for the nearest structural obstacles (like previous highs or lows) and projects a theoretical price target where the trend might realistically exhaust or face resistance. These are displayed as additional lines on your chart to help with exit planning.

4. User Information Display The script provides a text-based summary directly on the chart screen. This summary lists:

  • The current status of the upper and lower structural points.
  • The specific price levels identified by the logic.
  • Calculated "Take Profit" targets for the current trend steps.

Summary of User Experience

For a trader, this script acts as an automated "structural architect." Instead of manually drawing lines to guess where a trend is going or where it might end, the script scans the history, identifies the most significant structural peaks and valleys, connects them into visible trends, and provides mathematical projections for where the price might head next.

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Ind_TD_DeMark_3_1_LA_Mod_01_AIME_v1 
/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                            Ind-TD-DeMark-3-1.mq4 |
//|                            Copyright © 2005, Kara Software Corp. |
//|                                                                  |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, Kara Software Corp."
#property link      ""
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Blue
//---- input parameters
extern int       BackSteps=0;
extern int       ShowingSteps=1;
extern bool      FractalAsTD=false;
extern bool      Commen=False;
extern bool      TD=False;
extern bool      TrendLine=true;
extern bool      HorizontLine=False;
extern bool      TakeProf=True;
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
//====================================================================
int init()
  {
   SetIndexStyle(0,DRAW_ARROW);
   SetIndexArrow(0,217);
   SetIndexBuffer(0,ExtMapBuffer1);
   SetIndexEmptyValue(0,0.0);
   SetIndexStyle(1,DRAW_ARROW);
   SetIndexArrow(1,218);
   SetIndexBuffer(1,ExtMapBuffer2);
   SetIndexEmptyValue(1,0.0);
   for (int i=1;i<=10;i++)
     {
      ObjectDelete("HHL_"+i);ObjectDelete("HL_"+i);
      ObjectDelete("HLL_"+i);ObjectDelete("LL_"+i);
      ObjectDelete("HC1_"+i);
      ObjectDelete("HC2_"+i);
      ObjectDelete("HC3_"+i);
      ObjectDelete("LC1_"+i);
      ObjectDelete("LC2_"+i);
      ObjectDelete("LC3_"+i);
     }
   Comment("");    
   return(0);
  }
int deinit()
  {
   for (int i=1;i<=10;i++)
     {
      ObjectDelete("HHL_"+i);ObjectDelete("HL_"+i);
      ObjectDelete("HLL_"+i);ObjectDelete("LL_"+i);
      ObjectDelete("HC1_"+i);
      ObjectDelete("HC2_"+i);
      ObjectDelete("HC3_"+i);
      ObjectDelete("LC1_"+i);
      ObjectDelete("LC2_"+i);
      ObjectDelete("LC3_"+i);
     }
   Comment("");  
   return(0);
  }
//--------------------------------------------------------------------
int SetTDPoint(int B)
{
 int shift;
 if (FractalAsTD==false)
   {
    for (shift=B;shift>1;shift--)
       {
        if (High[shift+1]<High[shift] && High[shift-1]<High[shift] && Close[shift+2]<High[shift])
             ExtMapBuffer1[shift]=High[shift];
        else ExtMapBuffer1[shift]=0;    
        if (Low[shift+1]>Low[shift] && Low[shift-1]>Low[shift] && Close[shift+2]>Low[shift])
            ExtMapBuffer2[shift]=Low[shift];
        else ExtMapBuffer2[shift]=0;    
       }  
    ExtMapBuffer1[0]=0;
    ExtMapBuffer2[0]=0;
    ExtMapBuffer1[1]=0;
    ExtMapBuffer2[1]=0;
   }
 else
   {
    for (shift=B;shift>3;shift--)
       {
        if (High[shift+1]<=High[shift] && High[shift-1]<High[shift] && High[shift+2]<=High[shift] && High[shift-2]<High[shift])
             ExtMapBuffer1[shift]=High[shift];
        else ExtMapBuffer1[shift]=0;    
        if (Low[shift+1]>=Low[shift] && Low[shift-1]>Low[shift] && Low[shift+2]>=Low[shift] && Low[shift-2]>Low[shift])
            ExtMapBuffer2[shift]=Low[shift];
        else ExtMapBuffer2[shift]=0;    
       }  
    ExtMapBuffer1[0]=0;
    ExtMapBuffer2[0]=0;
    ExtMapBuffer1[1]=0;
    ExtMapBuffer2[1]=0;
    ExtMapBuffer1[2]=0;
    ExtMapBuffer2[2]=0;    
   }  
 return(0);
}
//--------------------------------------------------------------------
int GetHighTD(int P)
{
 int i=0,j=0;
 while (j<P)
   {
    i++;
    while(ExtMapBuffer1[i]==0)
      {i++;if(i>Bars-2)return(-1);}
    j++;
   }   
 return (i);         
}
//--------------------------------------------------------------------
int GetNextHighTD(int P)
{ 
 int i=P+1;
 while(ExtMapBuffer1[i]<=High[P]){i++;if(i>Bars-2)return(-1);}
 return (i);
}
//--------------------------------------------------------------------
int GetLowTD(int P)
{
 int i=0,j=0;
 while (j<P)
   {
    i++;
    while(ExtMapBuffer2[i]==0)
      {i++;if(i>Bars-2)return(-1);}
    j++;
   }   
 return (i); 
}
//--------------------------------------------------------------------
int GetNextLowTD(int P)
{
 int i=P+1;
 while(ExtMapBuffer2[i]>=Low[P] || ExtMapBuffer2[i]==0){i++;if(i>Bars-2)return(-1);}
 return (i);
}
//--------------------------------------------------------------------
int TrendLineHighTD(int H1,int H2,int Step,int Col)
{
 ObjectSet("HL_"+Step,OBJPROP_TIME1,Time[H2]);ObjectSet("HL_"+Step,OBJPROP_TIME2,Time[H1]);
 ObjectSet("HL_"+Step,OBJPROP_PRICE1,High[H2]);ObjectSet("HL_"+Step,OBJPROP_PRICE2,High[H1]);
 ObjectSet("HL_"+Step,OBJPROP_COLOR,Col);
 if (Step==1)ObjectSet("HL_"+Step,OBJPROP_WIDTH,2);
 else ObjectSet("HL_"+Step,OBJPROP_WIDTH,1);
 return(0);
}   
//--------------------------------------------------------------------
int TrendLineLowTD(int L1,int L2,int Step,int Col)
{
 ObjectSet("LL_"+Step,OBJPROP_TIME1,Time[L2]);ObjectSet("LL_"+Step,OBJPROP_TIME2,Time[L1]);
 ObjectSet("LL_"+Step,OBJPROP_PRICE1,Low[L2]);ObjectSet("LL_"+Step,OBJPROP_PRICE2,Low[L1]);
 ObjectSet("LL_"+Step,OBJPROP_COLOR,Col);
 if (Step==1)ObjectSet("LL_"+Step,OBJPROP_WIDTH,2);
 else ObjectSet("LL_"+Step,OBJPROP_WIDTH,1);      
 return(0);
}
//--------------------------------------------------------------------
int HorizontLineHighTD(int H1,int H2,int Step,double St,int Col)
{
 ObjectSet("HHL_"+Step,OBJPROP_PRICE1,High[H2]-(High[H2]-High[H1])/(H2-H1)*H2);
 ObjectSet("HHL_"+Step,OBJPROP_STYLE,St);
 ObjectSet("HHL_"+Step,OBJPROP_COLOR,Col);
 return(0); 
}   
//--------------------------------------------------------------------
int HorizontLineLowTD(int L1,int L2,int Step,double St,int Col)
{
 ObjectSet("HLL_"+Step,OBJPROP_PRICE1,Low[L2]+(Low[L1]-Low[L2])/(L2-L1)*L2);
 ObjectSet("HLL_"+Step,OBJPROP_STYLE,St);
 ObjectSet("HLL_"+Step,OBJPROP_COLOR,Col);
 return(0); 
}
//--------------------------------------------------------------------
string TakeProfitHighTD(int H1,int H2,int Step,int Col)
{
 int i,ii,j=0;
 string Comm="";
 double kH,HC1,HC2,HC3,k,St;
 kH=(High[H2]-High[H1])/(H2-H1);
 while (NormalizeDouble(Point,j)==0)j++; 
 k=0;
 for(i=H1;i>0;i--)if(Close[i]>High[H2]-kH*(H2-i)){k=High[H2]-kH*(H2-i);break;}
 if (k>0)
   { 
    Comm=Comm+"UTD_Line ("+DoubleToStr(High[H2]-kH*H2,j)+") broken at "+DoubleToStr(k,j)+", uptargets:\n";
    ii=Lowest(NULL,0,MODE_LOW,H2-i,i);    
    HC1=High[H2]-kH*(H2-ii)-Low[ii];
    HC2=High[H2]-kH*(H2-ii)-Close[ii];
    ii=Lowest(NULL,0,MODE_CLOSE,H2-i,i);
    HC3=High[H2]-kH*(H2-ii)-Close[ii];
    St=STYLE_SOLID;
   } 
 else
   {
    k=High[H2]-kH*H2;
    Comm=Comm+"UTD_Line ("+DoubleToStr(k,j)+"), probable break-up targets:\n";  
    ii=Lowest(NULL,0,MODE_LOW,H2,0);    
    HC1=High[H2]-kH*(H2-ii)-Low[ii];
    HC2=High[H2]-kH*(H2-ii)-Close[ii];
    ii=Lowest(NULL,0,MODE_CLOSE,H2,0);
    HC3=High[H2]-kH*(H2-ii)-Close[ii];
    St=STYLE_DASHDOT;  
   }
 ObjectSet("HL_"+Step,OBJPROP_STYLE,St);  
 Comm=Comm+"T1="+DoubleToStr(HC1+k,j)+" ("+DoubleToStr(HC1/Point,0)+"pts.)";
 //Comm=Comm+" T2="+DoubleToStr(HC2+k,j)+" ("+DoubleToStr(HC2/Point,0)+"pts.)";
 //Comm=Comm+" T3="+DoubleToStr(HC3+k,j)+" ("+DoubleToStr(HC3/Point,0)+"pts.)\n";  
 ObjectSet("HC1_"+Step,OBJPROP_TIME1,Time[H1]);ObjectSet("HC1_"+Step,OBJPROP_TIME2,Time[0]);
 ObjectSet("HC1_"+Step,OBJPROP_PRICE1,HC1+k);ObjectSet("HC1_"+Step,OBJPROP_PRICE2,HC1+k);
 ObjectSet("HC1_"+Step,OBJPROP_COLOR,Col);ObjectSet("HC1_"+Step,OBJPROP_STYLE,St);      
 //ObjectSet("HC2_"+Step,OBJPROP_TIME1,Time[H1]);ObjectSet("HC2_"+Step,OBJPROP_TIME2,Time[0]);
 //ObjectSet("HC2_"+Step,OBJPROP_PRICE1,HC2+k);ObjectSet("HC2_"+Step,OBJPROP_PRICE2,HC2+k);
 //ObjectSet("HC2_"+Step,OBJPROP_COLOR,Col);ObjectSet("HC2_"+Step,OBJPROP_STYLE,St);
 //ObjectSet("HC3_"+Step,OBJPROP_TIME1,Time[H1]);ObjectSet("HC3_"+Step,OBJPROP_TIME2,Time[0]);
 //ObjectSet("HC3_"+Step,OBJPROP_PRICE1,HC3+k);ObjectSet("HC3_"+Step,OBJPROP_PRICE2,HC3+k);
 //ObjectSet("HC3_"+Step,OBJPROP_COLOR,Col);ObjectSet("HC3_"+Step,OBJPROP_STYLE,St);   
 if (Step==1)
   {
    ObjectSet("HC1_"+Step,OBJPROP_WIDTH,2);
//    ObjectSet("HC2_"+Step,OBJPROP_WIDTH,2);
//    ObjectSet("HC3_"+Step,OBJPROP_WIDTH,2);
   } 
 else
   {
    ObjectSet("HC1_"+Step,OBJPROP_WIDTH,2);
//    ObjectSet("HC2_"+Step,OBJPROP_WIDTH,2);
//    ObjectSet("HC3_"+Step,OBJPROP_WIDTH,2);
   }
 return(Comm); 
}
//--------------------------------------------------------------------
string TakeProfitLowTD(int L1,int L2,int Step,int Col)
{
 int i,ii,j=0;
 string Comm="";
 double kL,LC1,LC2,LC3,k,St;
 kL=(Low[L1]-Low[L2])/(L2-L1);
 while (NormalizeDouble(Point,j)==0)j++; 
 k=0;
 for(i=L1;i>0;i--)if(Close[i]<Low[L2]+kL*(L2-i)){k=Low[L2]+kL*(L2-i);break;}
 if (k>0)
   {
    Comm=Comm+"LTD_Line ("+DoubleToStr(Low[L2]+kL*L2,j)+") broken at "+DoubleToStr(k,j)+", downtargets:\n";
    ii=Highest(NULL,0,MODE_HIGH,L2-i,i);    
    LC1=High[ii]-(Low[L2]+kL*(L2-ii));
    LC2=Close[ii]-(Low[L2]+kL*(L2-ii));
    i=Highest(NULL,0,MODE_CLOSE,L2-i,i);
    LC3=Close[ii]-(Low[L2]+kL*(L2-ii));
    St=STYLE_SOLID;
   } 
 else
   {
    k=Low[L2]+kL*L2;
    Comm=Comm+"LTD_Line ("+DoubleToStr(k,j)+"), probable downbreak targets:\n";        
    ii=Highest(NULL,0,MODE_HIGH,L2,0);    
    LC1=High[ii]-(Low[L2]+kL*(L2-ii));
    LC2=Close[ii]-(Low[L2]+kL*(L2-ii));
    ii=Highest(NULL,0,MODE_CLOSE,L2,0);
    LC3=Close[ii]-(Low[L2]+kL*(L2-ii));
    St=STYLE_DASHDOT;
   }
 ObjectSet("LL_"+Step,OBJPROP_STYLE,St);   
 Comm=Comm+"T1="+DoubleToStr(k-LC1,j)+" ("+DoubleToStr(LC1/Point,0)+"pts.)";
 //Comm=Comm+" T2="+DoubleToStr(k-LC2,j)+" ("+DoubleToStr(LC2/Point,0)+"pts.)";
 //Comm=Comm+" T3="+DoubleToStr(k-LC3,j)+" ("+DoubleToStr(LC3/Point,0)+"pts.)\n";
 ObjectSet("LC1_"+Step,OBJPROP_TIME1,Time[L1]);ObjectSet("LC1_"+Step,OBJPROP_TIME2,Time[0]);
 ObjectSet("LC1_"+Step,OBJPROP_PRICE1,k-LC1);ObjectSet("LC1_"+Step,OBJPROP_PRICE2,k-LC1);
 ObjectSet("LC1_"+Step,OBJPROP_COLOR,Col);ObjectSet("LC1_"+Step,OBJPROP_STYLE,St);      
 //ObjectSet("LC2_"+Step,OBJPROP_TIME1,Time[L1]);ObjectSet("LC2_"+Step,OBJPROP_TIME2,Time[0]);
 //ObjectSet("LC2_"+Step,OBJPROP_PRICE1,k-LC2);ObjectSet("LC2_"+Step,OBJPROP_PRICE2,k-LC2);
 //ObjectSet("LC2_"+Step,OBJPROP_COLOR,Col);ObjectSet("LC2_"+Step,OBJPROP_STYLE,St);
 //ObjectSet("LC3_"+Step,OBJPROP_TIME1,Time[L1]);ObjectSet("LC3_"+Step,OBJPROP_TIME2,Time[0]);
 //ObjectSet("LC3_"+Step,OBJPROP_PRICE1,k-LC3);ObjectSet("LC3_"+Step,OBJPROP_PRICE2,k-LC3);
 //ObjectSet("LC3_"+Step,OBJPROP_COLOR,Col);ObjectSet("LC3_"+Step,OBJPROP_STYLE,St);   
 if (Step==1)
   {
    ObjectSet("LC1_"+Step,OBJPROP_WIDTH,2);
    //ObjectSet("LC2_"+Step,OBJPROP_WIDTH,2);
    //ObjectSet("LC3_"+Step,OBJPROP_WIDTH,2);
   } 
 else
   {
    ObjectSet("LC1_"+Step,OBJPROP_WIDTH,2);
    //ObjectSet("LC2_"+Step,OBJPROP_WIDTH,2);
    //ObjectSet("LC3_"+Step,OBJPROP_WIDTH,2);
   }
 return(Comm);
}
//--------------------------------------------------------------------
string TDMain(int Step)
{
 int H1,H2,L1,L2;
 string Comm="---   step "+Step+"   --------------------\n";   
 int i,j; while (NormalizeDouble(Point,j)==0)j++;
 double Style;
 double Col[20];Col[0]=Red;Col[2]=Magenta;Col[4]=Chocolate;Col[6]=Goldenrod;Col[8]=SlateBlue;
                Col[1]=Blue;Col[3]=FireBrick;Col[5]=Green;Col[7]=MediumOrchid;Col[9]=CornflowerBlue;
                Col[10]=Red;Col[12]=Magenta;Col[14]=Chocolate;Col[16]=Goldenrod;Col[18]=SlateBlue;
                Col[11]=Blue;Col[13]=FireBrick;Col[15]=Green;Col[17]=MediumOrchid;Col[19]=CornflowerBlue;
   Step=Step+BackSteps;  
   H1=GetHighTD(Step);
   H2=GetNextHighTD(H1);
   L1=GetLowTD(Step);
   L2=GetNextLowTD(L1);
   if (H1<0)Comm=Comm+"UTD no TD up-point \n";
   else 
     if (H2<0)Comm=Comm+"UTD no TD point-upper then last one ("+DoubleToStr(High[H1],j)+")\n";
     else Comm=Comm+"UTD "+DoubleToStr(High[H2],j)+"  "+DoubleToStr(High[H1],j)+"\n"; 
   if (L1<0)Comm=Comm+"LTD no TD down-point \n";
   else 
     if (L2<0)Comm=Comm+"LTD no TD point-lower then last one ("+DoubleToStr(Low[L1],j)+")\n";   
     else Comm=Comm+"LTD  "+DoubleToStr(Low[L2],j)+"  "+DoubleToStr(Low[L1],j)+"\n";
   //-----------------------------------------------------------------------------------
   if (Step==1)Style=STYLE_SOLID;
   else Style=STYLE_DOT;
   if (H1>0 && H2>0)
     {
      if (TrendLine==1)
        {
         ObjectCreate("HL_"+Step,OBJ_TREND,0,0,0,0,0);
         TrendLineHighTD(H1,H2,Step,Col[Step*2-2]);
        } 
      else ObjectDelete("HL_"+Step);
      if (HorizontLine==1 && Step==1)
        {
         ObjectCreate("HHL_"+Step,OBJ_HLINE,0,0,0,0,0);
         HorizontLineHighTD(H1,H2,Step,Style,Col[Step*2-2]);
        } 
      else ObjectDelete("HHL_"+Step);
      if (TakeProf==1)
        {
         ObjectCreate("HC1_"+Step,OBJ_TREND,0,0,0,0,0);
         ObjectCreate("HC2_"+Step,OBJ_TREND,0,0,0,0,0);
         ObjectCreate("HC3_"+Step,OBJ_TREND,0,0,0,0,0);
         Comm=Comm+TakeProfitHighTD(H1,H2,Step,Col[Step*2-2]);
        }
      else
        {
         ObjectDelete("HC1_"+Step);
         ObjectDelete("HC2_"+Step);
         ObjectDelete("HC3_"+Step);   
        }  
     }
     
   //-----------------------------------------------------------------------------------   
   if (L1>0 && L2>0)
     {   
      if (TrendLine==1)
        {
         ObjectCreate("LL_"+Step,OBJ_TREND,0,0,0,0,0);
         TrendLineLowTD(L1,L2,Step,Col[Step*2-1]);
        }    
      else ObjectDelete("LL_"+Step);
      if (HorizontLine==1 && Step==1)
        {
         ObjectCreate("HLL_"+Step,OBJ_HLINE,0,0,0,0,0);
         HorizontLineLowTD(L1,L2,Step,Style,Col[Step*2-1]);
        } 
      else ObjectDelete("HLL_"+Step);
      if (TakeProf==1)
        {
         ObjectCreate("LC1_"+Step,OBJ_TREND,0,0,0,0,0);
         ObjectCreate("LC2_"+Step,OBJ_TREND,0,0,0,0,0);
         ObjectCreate("LC3_"+Step,OBJ_TREND,0,0,0,0,0);
         Comm=Comm+TakeProfitLowTD(L1,L2,Step,Col[Step*2-1]);
        }
      else
        {
         ObjectDelete("LC1_"+Step);
         ObjectDelete("LC2_"+Step);
         ObjectDelete("LC3_"+Step);       
        }
     }
 return(Comm);       
}
//--------------------------------------------------------------------
int start()
{
 string Comm="";       
   SetTDPoint(Bars-1);
   if (TD==1)
     {
      SetIndexArrow(0,217);
      SetIndexArrow(1,218);
     }
   else
     {
      SetIndexArrow(0,160);
      SetIndexArrow(1,160);
     }   
   if (ShowingSteps>10)
    {
     Comment("ShowingSteps readings 0 - 10");  
     return(0);
    } 
   for (int i=1;i<=ShowingSteps;i++)Comm=Comm+TDMain(i);
   Comm=Comm+"------------------------------------\nShowingSteps="+ShowingSteps+"\nBackSteps="+BackSteps;    
   if (FractalAsTD==true)Comm=Comm+"\nFractals";
   else Comm=Comm+"\nTD point";
   if (Commen==1)Comment(Comm);
   else Comment("");
   return(0);
  }
//+------------------------------------------------------------------+

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