This indicator uses Tom DeMark’s TD Sequential counting from 1 to 13.
Number 9 and 13 usually identify an exhausted trend and mark a trend reversal.
The important numbers get displayed as labels (7-13), where 9 and 13 are both highlighted as "Long" or "Short".
Besides the numbers the price candles are colored based upon the sequence.
Bullish colors are...
A simplified version of TD Sequential which only prints the buy and sell 8’s and 9’s. The advantage of this version is it doesn’t clutter the chart with a multitude of numbers as with many TD indicators. Also a lot of the (very good) TD indicators have a lot of other featires to the TD system (S/R lines etc) that a you or I might not require.
Signals print as...
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📒 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.
Modified version of the original TD Sequential. source code from `glaz`.
Basically bigger labels on 8s and 9s. and low transparency on 1 to 4 candles.
When a 8 or 9 comes up it means the trend is exhausted (the buyers of an uptrend or sellers on a downtrend)
For more in depth information, Search for TD Sequential . this indicator is just the TDS numbers on...