Daveatt

BEST Candle Meter/Sequential Strategy

Hello ladies and gentlemen

📒 INDICATOR OF THE DAY 📒

The TD sequential fans are going to love that one.
TD Sequential has two parts – TD Setup and TD Countdown. The first phase of TD Sequential starts with a TD Setup and is completed with a 9 count.
When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely.

The Candle Meter strategy counts the sequence of candles in one direction.
Gives also the number of consecutive candles in one direction.

The direction is based on open and close.

Script screenshot

In the script screenshot just above, I'm using a bar meter of 7.
The 7 count estimates whenever 7 consecutive candles are vaidated

💎Filters💎

I included some cool backtest filters:

- date range filtering
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
- closing on opposite signal (if we count N consecutive bar down, this will close a LONG if opened)

The take profit and stop loss should work with Forex pairs also

All the BEST
Dave
Von Favorisierten Skripten entfernen Zu Favorisierten Skripten hinzufügen

Kommentare

can you please suggest how to reverse signals?
+2 Antworten
Daveatt OutsourcE
@OutsourcE, to play reversals you mean?
Antworten
OutsourcE Daveatt
@Daveatt, yep
+1 Antworten
Daveatt OutsourcE
@OutsourcE, it's not a strategy to be used for real live trading as it is. It misses some basic risk, trading and money management components
TD sequentials guys often use the 9 to identify a possibility of a beginning of an eventuality of a reversal
Antworten
Can i try the indicator, plus read the document about it to understand how to use it?
+2 Antworten
Daveatt totoroha
@totoroha, it's free. Sure you can :)
It's in the public library
Antworten
dude, you're pretty good at this trading/coding thing :) YOU DA MAN!
+1 Antworten
Daveatt JoshuaMcGowan
@JoshuaMcGowan, this is a simple script though. Thank you my friend :)
Antworten
Hi, how can i make alert? i do anything but couldnt work. could you make the alert?
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter
Profil Profileinstellungen Konto und Abrechnung Angeworbene Freunde Coins Meine Support Tickets Hilfe Center Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden