Tom demark Trendlines | Forex Indicator Download - MT4/MT5 Resources

Has anyone here used TD T'L? Their accuracy for breakouts is over 70% (nearly 90%).

Profit on all timeframes as low as 15M using TD TL. Scalpers and long-term traders can profit from this. Additionally, you may not wait for a TL breakout, but trade its rebound, i.e.: the price bounces within the triangle drawn by the TD TL.

Here is a picture of the bounce:

http://i11.tinypic.com/47mb0ar.gif

Here is a picture of the breakthrough:

http://i16.tinypic.com/29dy9mt.gif
Notice how the last bar before the breakout closed higher (breakout qualifier)

Here are the breakout qualifiers:

Upside breakthrough qualifier <br> Qualification 1: The price bar before the upward breakout must close downward.

Qualifier 2: The opening price of the current price bar must be greater than the current TD supply line and the closing price of the previous price bar must be at least one pip higher.

Qualification 3: The closing price of the previous price bar plus the "buying pressure" of the previous bar must be lower than the TD supply line price level of the current price bar.

Qualifier 4: The opening price of the current price bar must be higher than the closing price of the previous two price bars, and the TD supply line of the current price bar must be higher than the high of the previous price bar.

Downside Breakthrough Qualifier

Qualification 1: The price bar before the downward breakout must be a rising close.

Qualification 2: The opening price of the current price bar must be less than the current TD demand line and the previous price line price bar close, and then must fall at least one pip to trade.

Qualification 3: The previous closing price minus the "selling pressure" of the previous bar must be higher than the TD demand line price level of the current closing price price bar.

Qualifier 4: The open price of the current price bar must be lower than the closing price of the previous two price bars, and the TD demand line of the current price bar must be lower than the low of the previous price bar.

TD TL indicator