Td sequential indicator thinkorswim

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TD Sequential

What is it for?

Applying Tom DeMark&#;s TD Sequential serves the purpose of identifying a price point where an uptrend or a downtrend exhausts itself and reverses.

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What are the main components of TD Sequential?

TD Sequential has two parts &#; 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. It is also at that point where TD Sequential starts the second phase with TD Countdown and is completed with a 13 count. When the 13 count is recorded, it is at that point, a price pause, price pullback, or a reversal is likely.

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Just 9 and Is it really that simple?

Absolutely not. Other DeMark indicators and other technical analysis indicators should align with TD Sequential&#;s ability to pinpoint potential reversals. For example, if a leading indicator identifies a condition for a market reversal is likely in the near future, the job of TD Sequential is to provide the &#;when&#; for the reversal is likely to take place.

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What is TD Buy Setup, TD Sell Setup, TD Buy Countdown, and TD Sell Countdown?

TD Buy Setup is the name for a TD Setup when the DeMark counts are recorded as prices are trending lower. Conversely, TD Sell Setup is the name for a TD Setup when the DeMark counts are recorded as prices are trending higher. The same goes for TD Countdown. A TD Buy Countdown is the name for TD Countdown when the DeMark counts are recorded as prices are trending lower and a TD Sell Countdown is the name of TD Countdown when the DeMark counts are trending higher.

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Are the rules of TD Sequential flexible?

Yes. There are many variations floating out there and modifications and filters can be experimented with.

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Below are four visual examples in describing the components of TD Sequential.

TD Buy Setup for Ebay (EBAY)

TD Buy Countdown for Zynga (ZNGA)

TD Sell Setup for Netflix (NFLX)

TD Sell Countdown for Network Appliance (NTAP)

The written explanation of each example is numbered in order.

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Sours: https://tradetrekker.wordpress.com/tdsequential/

SequenceCounter

Description

The Sequence Counter study searches for Formation patterns with subsequent Array pattern occurrence. The Buy Formation pattern occurs when there is a sequence of bars each having the Close price less than that four bars ago. The Sell Formation pattern occurs when there is a sequence of bars each having the Close price greater than that four bars ago. Once a Formation pattern is recognized, the bars are given numbers from 1 to 9 by default (the number of bars can be defined according to your preferences by the input).

After the Formation pattern has occurred, the study starts seeking an Array pattern. The latter might occur after an Intersection condition is fulfilled. For a Buy Formation pattern, that condition is existence of a bar having the High price greater than or equal to the Low three or more bars ago (but not earlier than the beginning of the Formation pattern). Conversely, for a Sell Formation pattern, that condition is existence of a bar having the Low price less than or equal to the High three or more bars ago (but not earlier than the beginning of the Formation pattern).

Once the Intersection condition is fulfilled, it is a signal for seeking an Array pattern. The Array phase begins with the last bar of the Formation (or with the Intersection bar, whichever is later). The Array Buy pattern involves a number of bars (not necessarily successive) each having the Close price not greater than the Low two bars ago. The Array Sell pattern involves a number of bars (not necessarily successive) each having the Close price not less than the High two bars ago. Once the Array pattern is recognized, the bars are given numbers from 1 to 13 by default (the number of bars can be defined according to your preferences by the input parameter). Note that the Formation/Array sequence is canceled in case of occurrence and completion of the opposing Formation. Along with that, a new Formation in the same direction is ignored by the study and is not plotted on the chart.

After having found a Formation pattern or a Formation/Array sequence, the study indicates Buy and Sell signals. Those are shown if the sequences meet the so-called Perfection Criteria listed in the following table.

Perfection Criteria

Input Parameters

Parameter Description
The number of bars in the Array pattern.
The number of bars in the Formation pattern.

Plots

Plot Description
Consists of "formation period" consecutive bars with: .
Consists of "formation period" consecutive bars with: .
Displays "array period" bars satisfying the condition:
Displays "array period" bars satisfying the condition:
Buy signals for Formation patterns meeting perfection criteria.
Sell signals for Formation patterns meeting perfection criteria.
Buy signals for Array patterns meeting perfection criteria.
Sell signals for Array patterns meeting perfection criteria.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

Sours: https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/R-S/SequenceCounter
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Introduction to Tom DeMark Indicators


An Introduction to Tom DeMark Indicators

An introduction to Tom DeMark Indicators written by Jeffrey Tennant, Author of "The Mejt System".

The Tom DeMark Sequential and Combo Indicators.

Anyone who has lived through a waterfall market decline has got to wonder how people would have the nerve to try to catch a falling knife. So did Tom DeMark. In the late s he devised some indicators, called TD sequential and TD combo, which successfully indicated the area in which the market was sufficiently oversold for one to expect a bottom to form.

The same rules, applied in reverse, indicated the area of a potential market top.





Tom DeMark Indicators: The Sequential Indicator - Set-up

A buy set-up occurs when there are 9 or more (There is no maximum) consecutive bars, each of which closes under the close of the bar 4 bars prior to it. Please see the Set-Up examples in the Sequential Indicator charts on page 2. The more stretched out these bars are, the better the set-up. If either bar 8 or bar 9 of set-up closes under the lows of all of the previous bars of the pattern, the set-up is said to be perfect.

The high of the true range of bar 1 of set-up is called the TDST line (for Tom DeMark Set-up Trend). The term “true range” means that any gap is considered to be filled. The higher of the print high of bar 1 of set-up or the close of the bar in front of it is the price level of the TDST line.

There is resistance at, and one bar above the TDST line. I find the TDST line one of the most helpful parts of DeMark’s work. Nothing requires his sequential or combo indicator patterns to go to completion, but the TDST line is present as soon as set-up is completed, and it provides useful information.

The convention I use on my blog is that:
  • A horizontal line demarcates the TDST line
  • An arrow indicates its origin
  • The number 9 indicates the ninth bar of a set-up
If the set-up is perfect, it is colored white. If it is not, it is colored purple. If there is a new set-up in the same direction it is colored yellow. (Tom DeMark labels each of the first 9 bars in his books. I do so on occasion as well.)




Tom DeMark Indicators: The Sequential Indicator - Countdown

The rules for set-up are rigid, but it should be noted that the rules for countdown are more flexible.

Countdown in the Tom DeMark sequential indicator begins after a set-up has been completed. Bar 1 of countdown begins on or after bar 9 of set-up. Please see the Countdown examples in the Sequential Indicator charts on page 2. After a buy set-up, each bar of countdown must close under the low of the bar two bars in front of it. (The rules for countdown after a sell set-up require each bar to close over the high of the bar two bars in front of it.) When 13 bars print, countdown is completed and a signal is given. Please remember that the indicator outlines the price area where a price extreme can be expected. It does not give a precise entry price. The bars need not be consecutive, and typically aren’t.

A buy signal indicates the area where we should expect a bottom. A sell signal indicates the area to expect a top. The stop loss is based on the closing price of the lowest bar of the pattern for a buy signal, and the highest bar of a pattern for a sell signal. The stop loss for a buy signal is based on the lowest bar, whether or not it is a numbered bar in countdown.
 

Tom DeMark Indicators: The Combo Indicator

The Tom DeMark Combo indicator uses the same rules for set-up but a different set of rules for counting to In my blog I print the sequential count in blue and the combo count in green.

While the rules for sequential are repeated all over cyberspace, I cannot find the rules for TD combo indicator anywhere on the internet. Because of copyright considerations, that limits what I can say here. One obvious difference is that bar one of countdown begins at or after bar 1, rather than bar 9, of set-up.

For the record, anyone who tries to trade based solely on what anyone on the internet says about the Tom DeMark indicators will probably lose more than what it would have cost to buy DeMark’s books. Patterns can fail, recycle (start a new set-up) and be invalidated by a variety of different rules.

Now lets look at some examples of the Tom DeMark indicators on the technical analysis charts in page 2.

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Sequential thinkorswim td indicator

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How to Use the Tom Demark ( TD9 ) Indicator

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