![]() This can be useful for traders who are looking to enter or exit a trade at the most opportune time. ![]() One of the key advantages of the TD Sequential indicator is its ability to identify potential turning points in the market before they occur. It can also be used in combination with other technical analysis indicators, such as moving averages and relative strength index (RSI), to provide a more comprehensive analysis of the market. The TD Sequential indicator can be applied to any financial market, including stocks, forex, and commodities. If a series of "setup" bars are identified, this is considered a potential buy or sell signal. ![]() These are bars in which the closing price is higher than the closing price of the previous period for an uptrend or lower for a downtrend. The next step is to look for a series of "setup" bars. These are bars in which the closing price is lower than the closing price of the previous period for an uptrend or higher for a downtrend. Once a trend has been identified, the indicator then looks for a series of "countdown" bars. This is done by looking for a series of consecutive bars in which the closing price is higher or lower than the closing price of the previous period. To calculate the TD Sequential indicator, the first step is to identify a potential trend. The indicator uses a series of "countdown" and "setup" bars to identify potential turning points in the market. The TD Sequential indicator is calculated by looking at the number of consecutive periods in which the closing price is higher or lower than the closing price of the previous period.
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