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    TD Sequential
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      TD Sequential

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        Article summary

        TD Sequential is an indicator that helps identify uptrend/downtrend exhaustion or potential reversal price points. The indicator comprises two price sequences – TD Setup (the first one) which is a prerequisite for the TD Countdown (the second sequence). The TD Setup sequence is calculated as the difference between the current Close and the corresponding Close four bars earlier. TD Setup is considered completed after it takes 9 consecutive bars in a row, that means the reversal is about to take place. Then, the TD Countdown sequence starts. It is calculated as the difference between the current Close with the low/high two bars earlier. The TD Countdown sequence is considered completed after it takes 13 consecutive bars in a row, that also may indicate an upcoming price reversal.

        TD Setup = Closen - Closen-4
        TD Countdown = Closen - Low/Highn-2

        where:
        n – calculation period

        TD SequentialTD Sequential

        INPUTS

        InputDescription
        SetupBarLengthThe number of consecutive bars in the TD Setup sequence 
        CountdownBarLengthThe number of consecutive bars in the TD Countdown sequence 
        CountdownStartFromIndexThe index number the countdown starts from

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        SetupBuyThe sequence of bars where bar is taken if Close (today) < Close (4 bars earlier)
        SetupSellThe sequence of bars where bar is taken if Close (today) > Close (4 bars earlier)
        CountdownBuyThe sequence of bars where bar is taken if Low (today) < Low (2 bars earlier)
        CountdownSellThe sequence of bars where bar is taken if High (today) > High (2 bars earlier)
        PerfectSetupBuyHighlightes the candle (by default) on the chart after SetupBuy sequence is completed
        PerfectSetupSellHighlightes the candle (by default) on the chart after SetupSell sequence is completed
        SupportThe support level
        ResistanceThe ressistance level
        CountdownBuyPlusShows plusses on the chart as a number of bars indicating potential buying opportunity happened after a PerfectSetupSell
        CountdownSellPlusShows plusses on the chart as a number of bars indicating potential selling opportunity happened after a PerfectSetupBuy
        SetupTriangleAdds triangles for the SetupBuy and SetupSell sequences on the chart
        PerfectCountdownBuyBy default shows "B mark" on the chart after CountdownBuy sequence is completed
        PerfectCountdownSellBy default shows "S mark" on the chart after CountdownSell sequence is completed
        BuySetupArrowThe arrow indicating a completed SetupBuy sequence on the chart which is a potential buying opportunity
        SellSetupArrowThe arrow indicating a completed SetupSell sequence on the chart which is a potential selling opportunity
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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