The TD Sequential indicator for MT4 is a technical analysis tool designed based on one of Thomas Demark’s trading strategies of identifying trend reversal and continuation. So, the indicator is a trading tool that helps traders identify zones of potential trend reversals and continuations.
The indicator assists beginners and experienced traders identify trend reversal zones using Thomas Demark’s TD sequential technique. It is suitable for identifying short and medium-term trading opportunities.
Features of the TD Sequential Indicator for MT4
The indicator uses a numbering system to analyze and identify potential trend reversal and continuation zones in the market. It numbers the candlesticks on the chart 1 – 9, where the number 4 candle is the focal point for the analysis and signal. A completed TD sequence suggests a potential trend reversal.
Therefore, the indicator identifies trend reversal zones by counting nine consecutive candlesticks that open or close less or greater than the closing price of candlestick 4, depending on the setup. A bullish trend reversal (buy setup) is when the closing price of 9 consecutive candlesticks is less than the closing price of the number 4 candlestick earlier. Conversely, a potential bearish signal is when the closing prices of each of the 9 consecutive candlesticks are greater than the closing price of the number 4 candlestick.
Benefits of Using the Indicator
- Identifying trend reversal manually using the TD Sequential method can be…even for experienced traders. So, the TD Sequential indicator makes it easy for traders to identify optimal trend reversal zones with less hassle.
- The indicator can be used as a confluence with price action or other technical indicators to validate a trend reversal zone.
Indicator Settings Description
The TD Sequential indicator does not come with customizable settings.
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