Customer Reviews

DeMark Indicators (Bloomberg Market Essentials: Technical Analysis)

5 star:		(6)
4 star:		(3)
3 star:		(4)
2 star:		(5)
1 star:		(3)

 

 

I've been struggling for weeks now to recreate many of Demark's indicators for the Ninjatrader platform in C# - relying soley on the original explainations in Tom Demark's book. There are a lot of very detailed logic rules for these indicators that , if you blink, you'll miss a step in the procedure. Jason Perl's book is exactly what I have been looking for.
He breaks down each indicator in a top down pseudo code step by step format that makes understanding and code translation a breeze. There are also numerous Q & A's that I found extremely insighful.
HIGHLY RECOMMENDED!

This is a handbook on the DeMark indicators. The book is useful if you subscribe to the indicators on Bloomberg, etc. You won't find these indicators on Esignal, Tradestation or on free websites.

So does this book contain anything useful for the rest of us? Yes, if you want to program the indicators yourself in whatever system you are using. Just don't expect total clarity because the author is not going to give away the straight formulas for proprietary indicators. However, with some creativity and the information in the book, I'm sure they can be reconstructed. Anyway, the book is much clearer than DeMark's own books.

And for the rest of us that are not programmers? No. This book is not for us.

However, I would assume these indicators will be available for all systems in a couple of years. Until the I give the book only two stars.

I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.

I purchased the book based on reviews that indicated it provided a clear description of the formulas used by DeMark in his indicators. This is exactly what I was looking for in order to code my trading software. To be sure, some of the indicators and the corresponding formulas are explained clearly but too often clarity is lost. When this happens it is impossible to code the indicator without going to other resources.

If you want to use the book for programming purposes be prepared to do a great deal of digging in other books and articles in order to extract the formulas for some of the indicators. The bottom line unfortunately is that "DeMark Indicators" is not a one-stop source for DeMark's indicator formulas.

For years I've been trading using Tom DeMark's indicators, I have produced my implementations of TDSequential, TDCombo, TDST ( In QuoteTracker, Worden Blocks e.t.c). It was a very long "trial and errors" process.
DeMark's works have lots of haters who have difficult time to admit that something that "simple" could (if interpreted correctly) produce such steady trading profits in ANY kind of market.
When I saw this book appeared on Amazon - I ordered it right away, just needed to see what it had to offer ( so little info on DeMArk for retail full time traders)
I wish I had that book when I was coding DeMark indicators - it would save me lots of time - this book is a "MUST READ" for anyone who is a serious trader, it sorts and logically arranges what was scattered across the pages of DeMark's own books. THANK YOU!
DavidDT of [...]

Although this book does not simply list formulas for all of the indicators it describes, it is fairly simple to transfer the guidelines listed for a signal to develop into an equation-based trading strategy; anyone that says differently probably has not read the book, but simply glanced over the requirements listed for each indicator.

For instance, the simplest indicator in the book states that for a TD Price Flip to occur in an upward trend, the close of the current bar must be lower than the close four bars earlier. (As seen on page 2 of the sample pages.) To put this into an equation is simple:

if (bar[0][close] <= bar[4][close]) TDBearPriceFlip = True;

This book exhaustively details various entry strategies, while only providing suggestions for exit strategies; however, if you consider the aggressiveness of the indicator and apply it proportionally to your exit strategy, it is fairly simple to determine stop-loss and limit levels. Additionally, if you are able to combine all of the indicators listed in the book, you should be able to formulate a fairly solid trading strategy.

I will post another review in several weeks listing various trading results using these indicators.

This book is excellent if you want to know how to construct the DeMark indicators. It tells you all the parameters and goes into all the subtleties. However, if you are buying this book to write a black box it doesn't give you a full trading strategy. The reason for this is it allocates very little time on exit strategy - 95% of the book is on entry. Additionally there is no description as to how the default parameters have been decided. (The 9 and 13 particularly - they are just assumed from page one.) However, as I have said, if you are looking for a book that clearly explains the entry techniques that DeMark uses this is for you.

This book provides the clearest exposition of Tom Demark's work that I have seen, explaining both how to implement the indicators and giving suggestions for interpreting them as a discretionary trader or as part of a mechnical system.

It is written from the perspective of a practitioner and targets that audience - Jason has been extremely generous in disclosing many tricks of the trade in applying the indicators that one otherwise could only learn painfully from watching several years of market behaviour under different regimes. For example, he explains how a trend-follower can use TD Setups in combination with TDST lines - an idea not explained elsewhere.

Jason Perl is the expert on the application of TD Wave (Tom Demark's rigorous variation of Elliott Wave), and the explanation of how to use this tool in combination with other indicators is on its own worth a multiple of the price of the book.

I thought DeMark Indicatiors was an interesting book because his proprietary techniques are quite a bit different from much of the technical indicators you see out there. Unfortunately, I only had moderate success in actually programming these indicators and I feel like the author could have been a little more clear about exactly what formula's to use. I still feel like it's a very good read to get you thinking in different ways about how the markets function.

What an awful lot of rubbish this book is!

It never ceases to amaze me how some technicians would resort to all sorts of impossible acrobatics to justify what amounts to a squiggle on a price chart, completely missing the overall price structure, which is what makes you money unless you're an institutional and trade for a 5-cent move (and a 200-million-dollar position).

39, yes 39 indicators to figure out that accumulation is over and the mark-up stage is about to start or conversely that distribution has been accomplished and the price is likely to drop!

I don't know, maybe I'm just a simple-minded idiot, but the old head-and-shoulder tops and bottoms, the triangles and the old fashioned trend-lines is just about how much sophistication you really need to read a chart, and lots and lots of experience.

amen

This book does a great job of explaining TD Demark indicators! The author also illustrates how he uses the indicators, which gives even greater insight. This book is for the technician, because you can easily create a trading strategy using TD Demark Indicators!!