Trader's Textbook
Thomas DeMark’s Approaches

Thomas DeMark’s Approaches


for example, forex

His main achievement is his attempt to formalize the methods of the technical analysis which are difficult to describe mathematically, that is to give a clear and simple algorithm.

For example, it is not so simple to formalize a correct choice of the points when a trend line is built. If traders are asked to build a trend line on the same chart we will get three quite different perceptions of the market.

Thomas DeMark made quite a successful attempt to formalize the process of the technical analysis to delete this ambiguity and carelessness.

The general direction of the market.
 

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