Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to crypto-investing . Never put in money that you cannot afford to lose . Cryptocurrency markets are extremely volatile. Invest at your own risk . “In the business world, the rearview mirror is always clearer than the windshield.” ~Warren Buffett~ I’ve figured this indicator is an easy way to indicate where to sell or buy. What is TD sequential indicator? Number indicator used to identify a price point where an uptrend or a downtrend exhausts itself and reverses. . It gives you a recommendation where to buy and where to sell What are we looking at? A series of nine candles where each close higher/lower than its 4th predecessor candle’s close value. When is there a buy recommendation? When you see 9 consecutive closes “ ” than the close 4 bars prior. lower An ideal buy is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9. See the example below of a buy recommendation In the following example, we have a TD 9 Buy, Let’s see what happens next When is there a sell recommendation? When you see 9 consecutive closes “ ” than the close 4 candles prior. higher An ideal sell is when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9. See the example below of a sell recommendation. Sell by TD Sequential Another Example of a sell recommendation when the low of the red 1 count is broken. it’s a short play. Number Indicator / TD Sequential indicator sell Here is the Result after the TD indicator sell recommendation. Tone Vays is very famous for using this indicator although Tone modified TD Sequential a little bit. To try this TD indicator on TradingView, copy-paste this implementation study("Number Indicator / Thomas DeMark Sequential",overlay=true)transp=input(0)Numbers=input(true)SR=input(true)Barcolor=input(true)TD = close > close[4] ?nz(TD[1])+1:0TS = close < close[4] ?nz(TS[1])+1:0 TDUp = TD - valuewhen(TD < TD[1], TD , 1 )TDDn = TS - valuewhen(TS < TS[1], TS , 1 )plotshape(Numbers?(TDUp 2?true:na):na,style=shape.triangledown,text="2",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp 4?true:na):na,style=shape.triangledown,text="4",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp 6?true:na):na,style=shape.triangledown,text="6",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp 8?true:na):na,style=shape.triangledown,text="8",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp==9?true:na):na,style=shape.triangledown,text="9",color=green,location=location.abovebar,transp=transp) 1?true:na):na,style=shape.triangledown,text="1",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp 3?true:na):na,style=shape.triangledown,text="3",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp 5?true:na):na,style=shape.triangledown,text="5",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp 7?true:na):na,style=shape.triangledown,text="7",color=green,location=location.abovebar,transp=transp)plotshape(Numbers?(TDUp plotshape(Numbers?(TDDn 2?true:na):na,style=shape.triangleup,text="2",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn 4?true:na):na,style=shape.triangleup,text="4",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn 6?true:na):na,style=shape.triangleup,text="6",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn 8?true:na):na,style=shape.triangleup,text="8",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn==9?true:na):na,style=shape.triangleup,text="9",color=red,location=location.belowbar,transp=transp) 1?true:na):na,style=shape.triangleup,text="1",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn 3?true:na):na,style=shape.triangleup,text="3",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn 5?true:na):na,style=shape.triangleup,text="5",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn 7?true:na):na,style=shape.triangleup,text="7",color=red,location=location.belowbar,transp=transp)plotshape(Numbers?(TDDn //------------//// Sell Setup ////------------//priceflip = barssince(close<close[4])sellsetup = close>close[4] and priceflipsell = sellsetup and barssince(priceflip!=9)sellovershoot = sellsetup and barssince(priceflip!=13)sellovershoot1 = sellsetup and barssince(priceflip!=14)sellovershoot2 = sellsetup and barssince(priceflip!=15)sellovershoot3 = sellsetup and barssince(priceflip!=16) //----------//// Buy setup////----------//priceflip1 = barssince(close>close[4])buysetup = close<close[4] and priceflip1buy = buysetup and barssince(priceflip1!=9)buyovershoot = barssince(priceflip1!=13) and buysetupbuyovershoot1 = barssince(priceflip1!=14) and buysetupbuyovershoot2 = barssince(priceflip1!=15) and buysetupbuyovershoot3 = barssince(priceflip1!=16) and buysetup //----------//// TD lines ////----------//TDbuyh = valuewhen(buy,high,0)TDbuyl = valuewhen(buy,low,0)TDsellh = valuewhen(sell,high,0)TDselll = valuewhen(sell,low,0) //----------//// Plots ////----------// plot(SR?(TDbuyh ? TDbuyl: na):na,style=circles, linewidth=1, color=red)plot(SR?(TDselll ? TDsellh : na):na,style=circles, linewidth=1, color=lime)barcolor(Barcolor?(sell? #FF0000 : buy? #00FF00 : sellovershoot? #FF66A3 : sellovershoot1? #FF3385 : sellovershoot2? #FF0066 : sellovershoot3? #CC0052 : buyovershoot? #D6FF5C : buyovershoot1? #D1FF47 : buyovershoot2? #B8E62E : buyovershoot3? #8FB224 : na):na) An ideal setup tends to be a better indicator, as regular setups often are perfected at a later date. And you should understand that a setup does guarantee a reaction in the opposite direction. If the momentum is too strong in the trend direction, a reversal could very well be cancelled. not
