Sequentials Phase 1
Setup. Establish the Trend
This is the first phase of a 2 indicator set. This indicator includes Setup, Support and Resistance lines (also known as TDST), Risk levels and some additions that are described below. Sequential Countdown is not included and will be part of the second script.
Part 1. The Price flip
The “Price Flip” occurs if...
A flexible rendition of TD Sequentials. Many parameters can be adjusted via user input.
With crypto markets trading 24/7, I wanted to adjust the behavior of the sequential counts to "dial in" a market. Default settings replicate the original TD Sequential behavior (9s and 13s), but you can select other numbers to better fit your market and timeframe.
Slightly modified version of the Tom Demark Sequential indicator. The setup phase doesn't require a number in the opposite direction to restart the count which means a green 1 can show up on the first candle after a green 9.
The setup phase numbers are shown on top of the candles and the countdown below the candles. An aggressive sell/buy countdown number 13 is...
There are several variations on the classic TD Sequential indicator already published so why do another one would be a fair question to ask. Personally i wasn't fully satisfied with how many of them were implemented so i decided to code my own version from the ground up guided by the rules outlined in Jason Perl's: DeMark Indicators book. Thanks to /u/glaz and...
Having all those numbers onscreen doesn't do much for me, so I've made the important ones (i.e. the 9s and 13s) very obvious while hiding the counting. You can re-enable it in settings. Due to Tradingview limitations it can look a bit odd with them enabled, as I have made some sacrifices to prioritised visual simplicity.
I've also added alerts for the 4 different...
Once a 9 count has been reached the trend(up or down) is exhausted and indicates when to open a long or short position fairly accurately. (i find it most accurate on 1hr candles but you can backtest other candle durations to find more/other accurate candle stick times....
Based on ChrisMoody CM_Williams_VIX_Fix and Glaz Matrix Series
I have difficault to enter exit trades and this is one of indicators that is helping me to get in/out in time
Applied changes are Vix multiplied by 10 to match scale and is made transparent not to confuse to much.
TD Countdown is the "Second Phase" of a TD Sequential.
The idea is that a TD Sequential 8 or 9 with a proper new low signal provides good odds for reversal
If that reversal doesn't happen, that's when the TD countdown happens. TD countdown waits for 13 more new lows (basically) before expiring. Once the TD countdown expires, the odds for reversal will be even...
Inspired by glaz TD-Sequential script I wrote my own to also include the TD-Countdown phase.
It is not perfect by any means yet.
A problem is the 'num_hundreds' function which is needed to calculate the next number in the TD-Countdown phase if the numbers are not sequential. At the moment it can handle max 9...
A Simple indicator combining
4 popular simple moving averages; (8, 21,55, 200)
A tweaked Parabolic SAR which is indicated by a series of dots starting near previous support & resistance points
Support & resistance points which are indicated by red and green horizontal lines
A simplified version of the TD sequential. Only including the countdown phase and 8...
Indicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Hello ladies and gentlemen
I'm back in my (almost daily) publishing challenge - to educate/show pinescript not commonly known tips
↑ Trend Direction ↓
Remember that script ?
I often use it to detect higher highs or lower lows. When an oblique/diagonal breaks, it indicates that a trend may move in the opposite direction.
Combining this along with other momentum...
A heat map for TD counts. If you find this useful or yank the code, please consider a donation :)