If the approach is aggresive and expectation is okey then the script gives buy/sell signal immediately when TD Setup/countdown was completed. if its fine then puts a label on the chart and gives alert.
So if expection is okey then script checks Entry Approach options. If expected win is more enough than the risc than then it puts a label with target and risc level(SL). Would take the trade only if the difference between the entry price (close of TD Buy Setup bar nine), and TDST Resistance is more than 1.5 times the difference between the close of TD Buy Setup bar nine The expectation would be for a return toward the upper-range extreme, as defined by TDST Resistance, in other words, the true high of the most recently completed TD Buy Setup. Subtract the true range of that bar from its true low identify the TD Buy Setup bar with the lowest true low, andĢ. I will not write details for TD Setup and Countdown parts because there are many explanation about them, you can find on the internet.Īnd also there are three more options TD Countdown Entry Approach, TD Setup Entry Approach and expectation.ġ.
There are options to show TD setup, TD Countdown, support/resistance, risk levels and targets, and buy/sell labels. I recommend all who wants to use this indicator. I used Demark Indicators book by Jason Perl. so I decided to search and read the related books and develop TD sequential indicator.
some of them works wrong and some of them have missing parts, and some of them stolen from others with missing/wrong parts. There are TD Sequential indicators written by different authors and I have checked most of them out.
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