TD DeMark Levels for MT5 — Automatic TD Points, Break Lines & Target Projections

Download TD DeMark Levels for MT5 — an advanced indicator that marks Tom DeMark–style swing points (TD High / TD Low), draws dynamic up- and down-trendlines, plots horizontal reference levels, and auto-projects upside/downside targets once a line breaks.

This MT5 version is fast, object-driven, and highly visual: you can toggle fractal-based detection, turn lines on/off, show multiple “steps” (older sequences) at once, and display a compact on-chart commentary with the exact prices for break levels and the T1/T2/T3 projections.

What this indicator does

The TD DeMark Levels for MT5 indicator scans price to identify TD High and TD Low points — local turning points based on DeMark logic. From those anchors, it:

• Connects the most recent two TD Highs (UTD) and two TD Lows (LTD) to form trendlines that project to the right.
• Optionally draws horizontal reference lines at the working step.
• Watches for line breaks (close crossing the UTD/LTD line) and, once a break is detected, projects three targets (T1/T2/T3) using built-in price relationships.
• Prints an on-chart commentary with the current UTD/LTD values, whether a line is broken, and the exact T1/T2/T3 prices (including pip distances).

It’s a complete DeMark-style mapping tool: find the pivot pair → draw the line → react to the break → trade toward measured objectives.

How it works

• TD points detection:
  By default, the script checks each bar for the DeMark pattern (a bar’s high higher than its neighbors and past close, or a low lower than its neighbors and past close). If you prefer, set FractalAsTD = true to use a stricter 5-bar fractal variant.
• “Steps” concept:
  Each Step is the current working pair of TD points (newest pair = Step 1; older pairs = Step 2, 3, …). You can display multiple Steps at once with ShowingSteps (max 10). BackSteps lets you shift which generation you start from.
• Trendlines & horizontals:
  For TD Highs, the indicator draws the UTD (upper) line; for TD Lows, the LTD (lower) line. You can toggle TrendLine and HorizontLine independently.
• Break & target logic:
  When price closes through a TD line, the code records the break and projects T1/T2/T3 in the break direction. Targets are shown as labeled rays and summarized in the commentary (with prices and pip counts).
• Color & emphasis:
  Step 1 uses thicker lines; older steps are thinner. Colors alternate for clarity across multiple steps.

Inputs explained

• BackSteps — Start from older TD sequences if you want to analyze prior structures first.
• ShowingSteps — How many sequences to plot (1–10).
• FractalAsTD — false = classic TD logic; true = stricter fractal detection.
• Commen — Turn the on-chart commentary on/off.
• TD — true shows arrow glyphs at TD High/Low; false uses a neutral marker.
• TrendLine — Toggle UTD/LTD trendlines.
• HorizontLine — Toggle horizontal reference lines for the newest step.
• TakeProf — Toggle target projection (T1/T2/T3) drawing and commentary.

Installation (MT5)

1. In MetaTrader 5, go to File → Open Data Folder.
2. Open MQL5 → Indicators and place Ind-TD-DeMark-3.mq5 (or .ex5) there.
3. Restart MT5 or right-click Navigator → Indicators → Refresh.
4. Attach the indicator to any chart and adjust inputs to your workflow.
5. Right-click the chart → Properties → Colors if you want a darker/light theme for the lines.

Practical trading uses

• Breakout continuation:
  Trade in the direction of a confirmed break of the UTD or LTD, using T1/T2/T3 as take-profit waypoints. Many traders scale out at T1/T2 and trail for T3.
• Countertrend inflection:
  If price fails to break and returns to the line, watch for a reaction at the UTD/LTD — the line can behave as dynamic S/R.
• Multi-step confluence:
  Keep ShowingSteps = 2–4 to reveal when older step lines cluster with the current one; clustered lines often mark powerful zones.
• Risk placement:
  Use the opposite TD line or the break level itself as an invalidation point, adjusted for symbol tick size.

Strengths

• True DeMark logic with optional fractal strictness.
• Automatic targets after a break (clear T1/T2/T3 rays + pip counts).
• Multi-step visualization to keep historical structure in view.
• Clean object management — lines update, obsolete objects cleared.
• Lightweight — runs smoothly on intraday or higher timeframes.

Limitations to respect

• Latest step can evolve: As new highs/lows print, the current TD pair can update until confirmed.
• Not a crystal ball: Lines and targets provide structure and measured objectives, not guaranteed outcomes.
• Low-liquidity spikes: On illiquid ticks, beware of single-bar breaks; prefer closes beyond the line.

FAQ

Does it repaint?
TD point selection for the most recent step can evolve as new bars come in; once a pair is “in the past,” it’s effectively fixed. Always confirm breaks on candle close for reliability.

Which timeframes and symbols?
Any MT5 symbol: Forex majors, metals, indices, crypto, synthetics. Timeframe depends on your horizon — M15–H1 for active trading, H4–D1 for swing.

Can I disable targets?
Yes, set TakeProf = false to show only TD points and lines.

Arrows feel too busy. Solutions?
Set TD = false to neutral markers, or leave TD on and reduce ShowingSteps.