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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 Sequential

        TD Sequential

        INPUTS

        Input

        Description

        SetupBarLength

        The number of consecutive bars in the TD Setup sequence 

        CountdownBarLength

        The number of consecutive bars in the TD Countdown sequence 

        CountdownStartFromIndex

        The 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.

        Plot

        Description

        SetupBuy

        The sequence of bars where bar is taken if Close (today) < Close (4 bars earlier)

        SetupSell

        The sequence of bars where bar is taken if Close (today) > Close (4 bars earlier)

        CountdownBuy

        The sequence of bars where bar is taken if Close (today) ≤ Low (2 bars earlier)

        CountdownSell

        The sequence of bars where bar is taken if Close (today) ≥ High (2 bars earlier)

        PerfectSetupBuy

        Highlightes the candle (by default) on the chart after SetupBuy sequence is completed

        PerfectSetupSell

        Highlightes the candle (by default) on the chart after SetupSell sequence is completed

        Support

        The support level

        Resistance

        The ressistance level

        CountdownBuyPlus

        Shows pluses on the chart as a number of bars indicating potential buying opportunity happened after a PerfectSetupSell

        CountdownSellPlus

        Shows pluses on the chart as a number of bars indicating potential selling opportunity happened after a PerfectSetupBuy

        SetupTriangle

        Adds triangles for the SetupBuy and SetupSell sequences on the chart

        PerfectCountdownBuy

        By default shows "B mark" on the chart after CountdownBuy sequence is completed

        PerfectCountdownSell

        By default shows "S mark" on the chart after CountdownSell sequence is completed

        BuySetupArrow

        The arrow indicating a completed SetupBuy sequence on the chart which is a potential buying opportunity

        SellSetupArrow

        The 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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