The idea is that a TD Sequential 8 or 9 with a proper new low signal provides good odds for reversal
If that reversal doesn't happen, that's when the TD countdown happens. TD countdown waits for 13 more new lows (basically) before expiring. Once the TD countdown expires, the odds for reversal will be even larger
That's the idea anyway
also added some color/style touchups and explanations
the sequence counter would get to 9 and not roll over to 1. it's interesting to look at it both ways and maybe its worth adding a setting for both. but i changed it to do rollover since i think that's the prescribed way.
the countdown count to 13 wasn't working correctly before either. I was having problems where the actual 13th count wouldnt show. also sometimes after the 13th count it would roll to a count like 12. I think all that has been fixed now.
I also added orange barcolor for the 8 and 11 in the countdown since they are used for the 13 count and simplified the colors overall
nice trend day in the spx500 here to show you all 9 sequence counts and all 13 countdown counts
Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.