lirre8

TD Sequential Setup and Countdown

Slightly modified version of the Tom Demark Sequential indicator. The setup phase doesn't require a number in the opposite direction to restart the count which means a green 1 can show up on the first candle after a green 9.

The setup phase numbers are shown on top of the candles and the countdown below the candles. An aggressive sell/buy countdown number 13 is displayed as the character 'A' under an arrow.

リリースノート: Minor code correction
リリースノート: Added setup trend lines.

Differentiate between imperfect/perfected setup by setting the 9's arrow color to orange/red or lime/green.

リリースノート: Fix bug when calculating non-perfected buy setup
リリースノート: Add setting to control the continuous setup count feature. If deselecting it, the script will not start a new setup count if a setup in the opposite direction has not started.
リリースノート: Implemented countdown cancellation according to the rules:
- A setup appears in the opposite direction.
- Close above the highest high for the current setup (break of TDST)
- Recycle occurs (new setup in the same direction)
リリースノート: Implement countdown qualifier - the low of countdown bar 13 must be lower (buy) / higher (sell), or equal to the close of countdown bar 8. A postponed countdown bar 13 is marked with a '+'.
リリースノート: Migrate to version 3 + code cleanup
リリースノート: Add setting to control the countdown numbers, either "Standard" or "Aggressive". The countdown type that is not chosen will have its 13 countdown marked with either "S" or "A".
リリースノート: Countdown text color bug fix
リリースノート: Fix bug when calculating setup perfection ("8 & 9 higher/lower than 6 & 7" should be "8 or 9 higher/lower then 6 & 7")
リリースノート:
  • Update to version 4
  • Clean up plots for easier use with alerts
リリースノート: No code changes.

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オープンソーススクリプト

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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