The presentation of the book is confusing. Some of the definitions contain logical errors. The charts usually repeat what he had said in the definition section without further explanation. Mathematical formulas are provided for only a few of indicators.

All I got out of the book is that the author is knowledgeable in the subject matter. However, his book doesn't seem to have a clear goal. It failed to systematically presents the rules as they contain errors and few formulas. It also failed to explain the thinking behind each indicators. Some of the definitions are missing when the terms first appear, only injected as notes in later chapters. With this book, I wasn't able to obtain insights to DeMark's thinking nor a set of rules for trading.

To understand Thomas DeMark this is the best way or maybe the only way?
But as all theories it only shows a part/an aspect of the fascinating reality of trading!

This review is in no way a reflection on Jason Perl. He did a 5***** job explaining Demark indicators. When I checked some of the website mentioned in the book especially CQG, I found there are close to 70 indicators starting from TD Abs Retrace....TD FlipFlop....TD Propulsion....TD Meghan.....TD Rocke...TD Sequential.....TD Waldo....TD Wave....TD UVdTV.
Some of them have variations like TD Channel1, TD Channel2, TD Pressure TD Pressure1 etc..
Many reviewers have written how good these indicators are, my question is how do they use it. In a market situation where you have to make decision amongst 70+ TD indicator what is the deciding factor. The author and book have done their job, If some of you could post your experience using these indicators in real life that would be a great help to everyone.

Very useful for traders who wants to learn details and proper usage of demark indicators.

Although this book does not simply list formulas for all of the indicators it describes, it is fairly simple to transfer the guidelines listed for a signal to develop into an equation-based trading strategy; anyone that says differently probably has not read the book, but simply glanced over the requirements listed for each indicator.

For instance, the simplest indicator in the book states that for a TD Price Flip to occur in an upward trend, the close of the current bar must be lower than the close four bars earlier. (As seen on page 2 of the sample pages.) To put this into an equation is simple:

if (bar[0][close] <= bar[4][close]) TDBearPriceFlip = True;

This book exhaustively details various entry strategies, while only providing suggestions for exit strategies; however, if you consider the aggressiveness of the indicator and apply it proportionally to your exit strategy, it is fairly simple to determine stop-loss and limit levels. Additionally, if you are able to combine all of the indicators listed in the book, you should be able to formulate a fairly solid trading strategy.

I will post another review in several weeks listing various trading results using these indicators.

Mr Perl did an outstanding job of explaining The DeMark indicators. I have read all three books written by Tom DeMark and Mr Perl did an outstanding job of showing the practical use of the DeMark indicators. If you want to do a better job of trading the markets and believe in systems then this book is for you.

I purchased the book based on reviews that indicated it provided a clear description of the formulas used by DeMark in his indicators. This is exactly what I was looking for in order to code my trading software. To be sure, some of the indicators and the corresponding formulas are explained clearly but too often clarity is lost. When this happens it is impossible to code the indicator without going to other resources.

If you want to use the book for programming purposes be prepared to do a great deal of digging in other books and articles in order to extract the formulas for some of the indicators. The bottom line unfortunately is that "DeMark Indicators" is not a one-stop source for DeMark's indicator formulas.

This book is quite a good reference to DeMark indicators, it walks through lot of indicators and explains how to compute them, for some of them he also explains how you can trade them.
The down side as I see it is that the writer does not contribute to the book from his experience (except from few sentences here and there), for example Chapter 12 ("Putting it all together") is only 2 pages of text (4 of charts). I got the feeling the towards the end of the book the writer got tired and the quality of the explanations quite decreased (some sections I needed to read 5-6 times and still to go online to verify I understood correctly).
I'm planning to program few indicators so overall this book was good for me from that point, but as for trading this book is not so helpful hence giving it a 3.

This book is written in a that is very hard to understand, even the simple short-term patterns are hard to understand what he is saying. Most in this book is not clear and when trying to write a code that identifies the pattern its almost impossible.

This is a handbook on the DeMark indicators. The book is useful if you subscribe to the indicators on Bloomberg, etc. You won't find these indicators on Esignal, Tradestation or on free websites.

So does this book contain anything useful for the rest of us? Yes, if you want to program the indicators yourself in whatever system you are using.

And for the rest of us that are not programmers? No. This book is not for us.

However, I would assume these indicators will be available for all systems in a couple of years. So I give the book 3 stars.

I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.

This is a handbook on the DeMark indicators. The book is useful if you subscribe to the indicators on Bloomberg, etc. You won't find these indicators on Esignal, Tradestation or on free websites.

So does this book contain anything useful for the rest of us? Yes, if you want to program the indicators yourself in whatever system you are using.

And for the rest of us that are not programmers? No. This book is not for us.

However, I would assume these indicators will be available for all systems in a couple of years. So I give the book 3 stars.

This book provides the clearest exposition of Tom Demark's work that I have seen, explaining both how to implement the indicators and giving suggestions for interpreting them as a discretionary trader or as part of a mechnical system.

It is written from the perspective of a practitioner and targets that audience - Jason has been extremely generous in disclosing many tricks of the trade in applying the indicators that one otherwise could only learn painfully from watching several years of market behaviour under different regimes. For example, he explains how a trend-follower can use TD Setups in combination with TDST lines - an idea not explained elsewhere.

Jason Perl is the expert on the application of TD Wave (Tom Demark's rigorous variation of Elliott Wave), and the explanation of how to use this tool in combination with other indicators is on its own worth a multiple of the price of the book.

This book is excellent if you want to know how to construct the DeMark indicators. It tells you all the parameters and goes into all the subtleties. However, if you are buying this book to write a black box it doesn't give you a full trading strategy. The reason for this is it allocates very little time on exit strategy - 95% of the book is on entry. Additionally there is no description as to how the default parameters have been decided. (The 9 and 13 particularly - they are just assumed from page one.) However, as I have said, if you are looking for a book that clearly explains the entry techniques that DeMark uses this is for you.

For years I've been trading using Tom DeMark's indicators, I have produced my implementations of TDSequential, TDCombo, TDST ( In QuoteTracker, Worden Blocks e.t.c). It was a very long "trial and errors" process.
DeMark's works have lots of haters who have difficult time to admit that something that "simple" could (if interpreted correctly) produce such steady trading profits in ANY kind of market.
When I saw this book appeared on Amazon - I ordered it right away, just needed to see what it had to offer ( so little info on DeMArk for retail full time traders)
I wish I had that book when I was coding DeMark indicators - it would save me lots of time - this book is a "MUST READ" for anyone who is a serious trader, it sorts and logically arranges what was scattered across the pages of DeMark's own books. THANK YOU!
DavidDT of trading-to-win

I've been struggling for weeks now to recreate many of Demark's indicators for the Ninjatrader platform in C# - relying soley on the original explainations in Tom Demark's book. There are a lot of very detailed logic rules for these indicators that , if you blink, you'll miss a step in the procedure. Jason Perl's book is exactly what I have been looking for.
He breaks down each indicator in a top down pseudo code step by step format that makes understanding and code translation a breeze. There are also numerous Q & A's that I found extremely insighful.
HIGHLY RECOMMENDED!