The Sequential Indicator was first designed by Tom in the 1970's, by hand, through a process of trial and error. It has since been improved and it is now a trusted indicator by Wall Street’s traders.
TD Sequential can be helpful for market-timing purpose in conjunction to your favorite trading tools. It attempts to isolate prospective exhaustion points in ranges, to anticipate market tops and bottoms when it believes prices are overbought or oversold and during trends when sentiment is invariably at an extreme.
The adaptability of TD sequential is its main strength; it can be applied to any timeframe and any asset class to the point that it will fit your profile, whether you are a day trader or a long-term investor. Traders oriented to fundamentals will also find this helpful for determine take-profit levels when they would otherwise be reliant on a less-efficient price-reversal pattern to close out a profitable position.
Fix Recycle cancelation and color
- Intermediate TDST Lines will be included on another script: TDST+
I am pleased to announce a new version of TD Sequential.
List of changes compared with previous version:
On 9 Setups, an additional step is added to check if a Countdown is already in place.
In case a previous Countdown (A) is detected, a new nested Countdown (B) initiate without ending the (A) Countdown.
You will be able to detect the start of a nested Countdown with a clear graphical indicator on 9 Setups:
- Start of Normal Countdown: 9
- Start of Nested Countdown:
Colors remain identical:
- Green/Red : Perfected BUY/SELL Setup
- Gray: Unperfected BUY/SELL Setup
Merge some numbers of the countdown into a unique special character: ❂
This Character replaces these numbers of the countdown phase: ③/④/⑥/⑦/⑨/⑩
TD Countdown Type:
With the replacement of some Countdown numbers with the special character (❂), it can be tricky to identify the actual count that takes place when a previous count ends.
To remedy this, a new input has been added (Countdown 1-12 Type) will allow you to show the initial stage of the nested countdown.
- Default Value is Normal.
- Possible values are Normal/Nested
Cancel of TD countdown:
As we may have now, 2 countdowns in place at the same moment, it is useful to identify which countdown is being cancelled. The X character remains the same to indicate a Countdown cancel.
Now these colors have been added to clarify which countdown is impacted:
- Green/Red : Main countdown
- Gray: Nested Countdown
It is now possible to flex the end of the Combo countdown with an input parameter: (Flex C13 from Bar)
- Default Value is 12.
- Range Value is between 10 and 13
Countdown Rules :
It is now possible to select the Rule of the countdown with an input checkbox selection
The Strict Rule (Default one) takes into account bars 5 & 8 has a frontier level before reaching bar 13.
Without the strict countdown, only bar 8 is taken into account
- Default Value is true.
- Range Value is between 10 and 13
TDST Lines :
TDST Lines have been removed from SMA+Gold indicator and reintegrated to TD Sequential indicator
This was made possible with the inclusion the special character (❂)
Intermediate TDST are generated when a 9 Setup is not valid for the start of a Countdown phase.
For more details on this indicator, please check my profile
- Fix: Nested and Recycle Count bug
- Fix: TDST Support Intermediate Color
- New: TDST Lines are now parametrizable with source input (Close or High/Low value - Default value = Close)
- New: Strict A13 input (True/False - Default value = True)
With A13 strict Rules, Aggressive bar 13 needs to close bar 8
- Adding Script version number
- Current version: TDX+G-2.2
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