OPEN-SOURCE SCRIPT
BEST Candle Meter/Sequential Strategy

Hello ladies and gentlemen
๐ INDICATOR OF THE DAY ๐
The TD sequential fans are going to love that one.
TD Sequential has two parts โ 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.
The Candle Meter strategy counts the sequence of candles in one direction.
Gives also the number of consecutive candles in one direction.
The direction is based on open and close.
Script screenshot
In the script screenshot just above, I'm using a bar meter of 7.
The 7 count estimates whenever 7 consecutive candles are vaidated
๐Filters๐
I included some cool backtest filters:
- date range filtering
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
- closing on opposite signal (if we count N consecutive bar down, this will close a LONG if opened)
The take profit and stop loss should work with Forex pairs also
All the BEST
Dave
๐ INDICATOR OF THE DAY ๐
The TD sequential fans are going to love that one.
TD Sequential has two parts โ 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.
The Candle Meter strategy counts the sequence of candles in one direction.
Gives also the number of consecutive candles in one direction.
The direction is based on open and close.
Script screenshot
In the script screenshot just above, I'm using a bar meter of 7.
The 7 count estimates whenever 7 consecutive candles are vaidated
๐Filters๐
I included some cool backtest filters:
- date range filtering
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
- closing on opposite signal (if we count N consecutive bar down, this will close a LONG if opened)
The take profit and stop loss should work with Forex pairs also
All the BEST
Dave
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
โญ๏ธ Listed as an Official TradingView Trusted TOP Pine Programmer
๐ง Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
โฉ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
๐ง Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
โฉ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
โญ๏ธ Listed as an Official TradingView Trusted TOP Pine Programmer
๐ง Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
โฉ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
๐ง Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
โฉ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.