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This function implements Thomas DeMark's TD Sequential Indicator. There are many different versions of this indicator with different rules and many nuances. Not all are implemented here. For more detail you should add to the code.
This function accepts two arguments, a number and a string.
TDSequential(0,"") - Returns the count of the Setup phase. Returns 1 to 9 for a BuyCount and -1 to -9 for a SellCount. Returns "99" (or "-99") for a "perfected" "9".
TDSequential(1,"Sequential") - Returns the Sequential countdown after the setup is complete. Positive number for a Buy count, negative for a sell count. At count 18 (or -18) it resets and stops counting until the next setup.
TDSequential(1,"Combo") - Returns the Combo version countdown.
After you download the TD Sequential function you use it in an indicator formula to visualize it.
Here's an example (copy and paste to an indicator formula):
PlotSymbol(TDSetup>0 and TDSetup<10,TDSetup,2,1,Belowlow,colorBlue,colorBlue,PlotSymbolNone);
PlotSymbol(TDSetup<0 and TDSetup>-10,-TDSetup,2,1,AboveHigh,colorRed,colorRed,PlotSymbolNone);
PlotSymbol(TDSeq>0 and TDSeq!=ref(TDSeq,1),TDSeq,0,5,Belowlow,colorBlue,colorGreen,PlotSymbolNone);
PlotSymbol(TDSeq<0 and TDSeq!=ref(TDSeq,1),-TDSeq,1,5,AboveHigh,colorBlue,colorOrange,PlotSymbolNone);
PlotSymbol(TDSeq==13 and TDSeq!=ref(TDSeq,1),"13",4,2,Belowlow,colorGreen,colorGreen,PlotSymbolCircle);
PlotSymbol(TDSeq==-13 and TDSeq!=ref(TDSeq,1),"13",4,2,Abovehigh,colorred,colorred,PlotSymbolCircle);
//-------------end
If you are looking for just the Setup phase or the Demark's Support Resistance Lines,
HERE'S AN ALTERNATE CODING USING VECTOR LANGUAGE ONLY:
//--------------------start
PlotCandleStick("Quotes", colorBrown|255|colorViolet|255|0, StyleSymbolVdash);
dn=Iff( close < ref(close,4),1,0);
td9dn=BarsSince(barssince(dn));
PlotSymbol(td9dn>0 and td9dn<10,td9dn,2,1,Belowlow,colorBlue,colorBlue,PlotSymbolNone);
PlotSymbol(td9up>0 and td9up<10,td9up,2,1,AboveHigh,colorRed,colorRed,PlotSymbolNone);
TD4dn= Ref(Close,9)>=Ref(Close,13);
TD4up= Ref(Close,9)<=Ref(Close,13);
Perfbuy9=td9dn==9 AND TD4dn and LLV(Low,2) < Ref(Low,2) AND LLV(Low,2)< Low < Ref(Low,3);
Perfsell9=td9up==9 and TD4up and HHV(High,2) > Ref(High,2) AND HHV(High,2)> High < Ref(High,3);
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.