TI Indicators

*This is a private script for Personal Use. To avoid any Trade Mark violations, the official math rules have been slightly optimized & name changed.

The Time Indicator (TI) or Random Number Generator (R N G) gets its inspiration from the classic and trademarked work of Tom Demark & the Sequential System of Larry Williams (with one of the biggest differences being the elimination of the "Price Flip" being a necessary condition to start a "Setup"). You should be very familiar with traditional trading techniques & Tom DeMark's indicators in order to understand how to use this in your trading. Here is a very good presentation on it from Bloomberg as part of their Market Essentials Trading Education Series.

There is no single public source of information to explain everything in this code and even the book about Tom DeMark indicators does not talk about things like 'intersection' so you might need to start googling each concept independently. You will also need to learn how to interpret the code because the arrows DO NOT necessarily mean to blindly act on a trade.

Due to a recent Update to TradingViews Publish Script Section, I am not able to post any external images explaining all the Optional & Customization Features of this Script nor am I able to post an image explaining the embedded Alert features. THIS REALLY REALLY SUCKS as I wanted to use this for my Release Notes. Sorry guys

What I am able to do is explain a limitation on the script which unfortunately cannot be fixed at this time due to limitations of pine code:
"There is an issue pertaining to queued and deferred counts for Sequential, Aggressive and Combo completing out of order which will result in the wrong Countdown number being registered. If the current printed Countdown number, and the successive (nonprinted) queued Countdown are being deferred, and a third-level or higher (nonprinted) queued Countdown completes to a 13 count prior to the completion of the other preceding counts, the script will not register this queued 13 count on the chart, nor will its history be properly recorded. When the prior counts have completed, the completed count will begin from Countdown number 1, not taking into account the candle history since its respective Setup 9 was reached. This issue is most likely to occur on the Combo, where steep price movement followed by a pullback can lead to Combo counts being deferred for long periods without setting a "close lower/higher than the prior Countdown close". This issue is also present, although to less likely, in long deferred Sequential 13 Countdowns, and only applicable to Aggressive counts when the deferred checkbox is enabled in the settings. This Situation is incredibly rare and very unlikely to occur"

릴리즈 노트:

*This is a private script for Personal Use. To avoid any Trade Mark violations, the official math rules have been slightly optimized & name changed.

The Time Indicator (TI) or Random Number Generator (R N G) gets its inspiration from the classic and trademarked work of Tom Demark & the Sequential System of Larry Williams (with one of the biggest differences being the elimination of the "Price Flip" being a necessary condition to start a "Setup"). You should be very familiar with traditional trading techniques & Tom DeMark's indicators in order to understand how to use this in your trading. Here is a very good presentation on it from Bloomberg as part of their Market Essentials Trading Education Series.

There is no single public source of information to explain everything in this code and even the book about Tom DeMark indicators does not talk about things like 'intersection' so you might need to start googling each concept independently. You will also need to learn how to interpret the code because the arrows DO NOT necessarily mean to blindly act on a trade.

Due to a recent Update to TradingViews Publish Script Section, I am not able to post any external images explaining all the Optional & Customization Features of this Script nor am I able to post an image explaining the embedded Alert features. THIS REALLY REALLY SUCKS as I wanted to use this for my Release Notes. Sorry guys
--- Since this is an Update to the Code I Posted Yesterday to adjust for colors on Dark Backgrounds. Also testing out Image posting... In this Image for example you can see how the code is handling the Deferred 13's with the + signs and also makes sure that a Sequential Countdown that started later, shows you where that S13 was.

What I am able to do is explain a limitation on the script which unfortunately cannot be fixed at this time due to limitations of pine code:
"There is an issue pertaining to queued and deferred counts for Sequential, Aggressive and Combo completing out of order which will result in the wrong Countdown number being registered. If the current printed Countdown number, and the successive (nonprinted) queued Countdown are being deferred, and a third-level or higher (nonprinted) queued Countdown completes to a 13 count prior to the completion of the other preceding counts, the script will not register this queued 13 count on the chart, nor will its history be properly recorded. When the prior counts have completed, the completed count will begin from Countdown number 1, not taking into account the candle history since its respective Setup 9 was reached. This issue is most likely to occur on the Combo, where steep price movement followed by a pullback can lead to Combo counts being deferred for long periods without setting a "close lower/higher than the prior Countdown close". This issue is also present, although to less likely, in long deferred Sequential 13 Countdowns, and only applicable to Aggressive counts when the deferred checkbox is enabled in the settings. This Situation is incredibly rare and very unlikely to occur"

릴리즈 노트:

This is a Temporary update to resolve a bug introduced by trading view that prevents any scrips with initial parameter options to work. The Indicator will now just load with default options. You can then use the Format button to adjust any Settings.
NOTE: by doing this hack, it is possible that some other functionality breaks or does not work correctly, please reach out if you notice something is off (for those that have indicator access of course)

릴리즈 노트:

This is an update to the TI indicator, been a really long time since i used this so hope everyone that has access is automatically updated. If you do not have access please check out my website for details (I do not use trading view much 7 they have a bunch of rules on putting in links and advertising, get resourceful, you know my name, google it)

Ok, so what's new? for for starters we have made some minor improvements like Canceling out all countdowns once Set Up Trend Line is broken. We've also optimized the math as we are at the limits of how much code and computations we can stuff into a single Pine Script. You might still be getting the time-out error cause it takes too long to calculate the Combo 13 (too many rules) and hoping to optimize that for next Release. The best part of this code though is the addition of notification of Green 2's going above green 1's (and same in the down trend). Because I am no longer able to add custom images in here, i cannot show you how to use it so you need to be in the telegram group of those that have access to this script. here are some images of the script though. look for the arrows, but you do need to know how to trade it (again, can't post custom images, so google for educational tools on it)

Google me for more, Tone out !!!

릴리즈 노트:

Here is the long awaited update to the popular TI indicator. The major changes are as follows:
1. Uses the latest pine code optimization with Version 4
2. Countdowns now mandate a price flip before initiating
3. A few bugs in the Combo Countdown have been corrected (it is the hardest of them all to code)
4. Aggressive Countdown has been defaulted to be Differed till perfection like Sequential 13
5. Option to remove all Countdowns from View
6. Optimized Color codes for both light and dark backgrounds
7. Ability to display all Countdowns at ones but you will need to move the indicator as a stand alone layer above or below the chart

Please see my website & youtube channel for more info. Here are some recent images of excellent calls on both Daily and Weekly Time Frames:

Good Luck Traders, I don't want to get this script flagged so NOT posting any links, you know how to find me and learning materials on how to trade this Indicator. - Tone Vays

릴리즈 노트:

This is the last and final update to TI as we transition to using the Momentum Reversal Indicator (MRI) to be published shortly. Everyone that currently has access to TI will automatically get access to MRI once it’s released (but it’s a manual process of pasting in TradingView Usernames so please be patient).

There is nothing really new in this version of the TI script other than code optimization for efficiency. We did add the concept of multi-timeframe but it does not display as cleanly as it does on the new MRI script. You are welcome to play around with it but time would be better spent utilizing them in the MRI.

For more information on MRI please visit the Tone Vays website