NeoButane

JD Aggressive Sequential Setup [NeoButane]

Difference vs. TD Sequential: faster trade exits and a unique entry. Made for low timeframes.

Highs or lows are compared instead of close. Count maxes out at 7 instead of 9.

Version 1.0 does it like this:
  • S/R on 7 count
  • Entry on 7 count
  • Exit on 5 count or S/R cross

Not based off official Tom DeMarke documentation for Aggressive. As such, I have named the indicator JD instead of TD to reflect this, and as a joke.

Please name this JD if you use this as a base for your own iteration :)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

Love you for having the 7s, I am new to coding and am putting a strategy together, thank you so much.
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ForexMonkey1 ForexMonkey1
@ForexMonkey1, You joke about the 7s but thats where the entry signal comes in a lot of the time, not worth to wait for the 9s xD
Reply
Clever idea, thanks
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