# DeMark Relative Retracement Levels

Dilihat 15017
I have a thing for pivots and SR, so this is Tom DeMark Daily Retracements Levels pivots from DeMark Indicators book by Jason Perl .
Red lines -daily R
Green lines - daily S
Expect reversals or breaks at these points.

and some random stock, just test your instrument
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?
```//Created by CristianD
study(title="CD DeMark Range Expansion", shorttitle="CD DeMark Range Expansion", overlay=true)
sr = input(true, title="Show Daily Range")

range = high - low

// Daily line breaks
sopen = security(tickerid, "D", open)

a=range[1]*0.382
b=range[1]*0.618
h=sopen+a
h1=sopen+b
l=sopen-a
l1=sopen-b

// Color
hcolor=sopen != sopen[1] ? na : maroon
hcolor1=sopen != sopen[1] ? na : red
lcolor=sopen != sopen[1] ? na : green
lcolor1=sopen != sopen[1] ? na : lime

//Daily Range
highrange1 = security(tickerid, 'D', h)
highrange2 = security(tickerid, 'D', h1)
lowrange1 = security(tickerid, 'D', l)
lowrange2 = security(tickerid, 'D', l1)

offs_daily = 0
plot(sr and highrange1 ? highrange1 : na, title="Daily High1",color=hcolor, linewidth=3)
plot(sr and highrange2 ? highrange2 : na, title="Daily Daily High2", color=hcolor1, linewidth=3)
plot(sr and lowrange1 ? lowrange1 : na, title="Daily Low1",color=lcolor, linewidth=3)
plot(sr and lowrange2 ? lowrange2 : na, title="Daily Daily Low2", color=lcolor1, linewidth=3)```

## Komentar

Hey @cristian.d , Thanks for sharing DeMark's Relative Retracement Levels. I just started reading Jason Perl's book on DeMark Indicators and its really impressive.

Can this only be applied to intraday charts because I don't see any SR levels on daily or weekly chart. Sorry if my question is kinda dumb because I'm relatively new to trading.
Jawab
Hi there.. I dont know coding... but can u please code SR Levels using rsi or stochastic.. Please..
Jawab
And SPY today and past few days
Jawab
cristian.d
nevermind my blue lines, they are my regular manually drawn SR levels for SPY
Jawab
cristian.d
@cristian.d, sir,. do you have python version of this?
Jawab
hi thanks for the great indicator , why are there 2 red & 2 green lines ? is there a time period for this , thx.
Jawab
Cristian thanks for the indicator , could you please explain why there is 2 line s for both support and resistance , and the distance each.. thx for your contributions.
Jawab
Thx a lot
Jawab
do you have python version of this?
Jawab