Mobius (Demarks Pivot and Demarks MA) for ThinkorSwim


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Mobius posted these on "thinkScript Lounge" this morning.

10:17 Mobius: Here are two studies by DeMark I find still useful.
This one I find useful as boundaries for intraday likely moves:
#Start Code
# Demark's Pivots
# Ported to TOS by Mobius

declare hide_on_daily;

def o = open(period = AggregationPeriod.Day)[1];

def h = high(period = AggregationPeriod.Day)[1];

def l = low(period = AggregationPeriod.Day)[1];

def c = close(period = AggregationPeriod.Day)[1];

def x = if c < o

        then h + (2 * l) + c

        else if c > o

             then (2 * h) + l + c

             else if c == o

                  then h + l + (2 * c)

                  else x[1];

plot Pivot_Point = X/4;


plot Support = X/2 - h;


plot Resistance = X/2 - l;


# End Code

This is still a very good Moving Average

#Start Code

# Demarks MA

# Mobius

# V01.2.2011

# What makes this MA unique is that it can be run at very low period lengths and still be a smooth indicator. Which makes it very responsive.

script Range{

    input d = close;

    input Min = 0;

    input Max = 10000;

    def hh = HighestAll(d);

    def ll = LowestAll(d);

    plot nr = (((Max - Min) * (d - ll)) /

                (hh - ll)) + Min;


input n = 5;

input V = 0.682;

   def newMax = Highest(high, n);

   def newMin = Lowest(low, n);

script BP {

   def bp = (((close - open) / (high - low)) * volume);

  plot data = bp;


   def newBP = Range(BP().data, newMin, newMax);

   def StDev = StDev(newBP, n);

   def GDEMA = (ExpAverage(newBP, n)* (1 + V)) -

               (ExpAverage((ExpAverage(newBP, n)), n)* V);

  plot PlotData = if IsNaN(newBP)

                  then Inertia(GDEMA[1], n)

                  else Inertia(GDEMA, n);



       plotData.AssignValueColor(if PlotData > PlotData[2]

                                 then Color.Green

                                 else Color.Red);

# End Code

10:18 Mobius: There 2 different studies in the post above.
Last edited by a moderator:

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@mc01439 Thanks for grabbing these gems. Mobius said he was on 2 minute charts for /ES.
What are the Ticks you used today for the pic above?
Interesting indicators, thx for sharing @mc01439. Looks like you have created some cool studies and ways to track signals with those labels too. Are any of those already on this site?
Does anyone know how to adjust this DeMARK pivot to calculate the first 15 minutes of trading rather than previous day?

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