Tom Demark's Sequential Indicator (TDS) Type: Trend, Momentum
The TD Sequential indicator is used to identify potential turning points in the price of an asset. It
consists of two phases: TD Setup and TD Countdown. This implementation focuses on the TD Setup phase,
which is the most commonly used part for trend exhaustion signals.
A bullish setup occurs when there are 9 consecutive closes greater than the close 4 bars earlier. A
possible sell opportunity is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8
or 9.
A bearish setup occurs when there are 9 consecutive closes less than the close 4 bars earlier. A
possible buy opportunity is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8
or 9.
Tom Demark's Sequential Indicator (TDS) Type: Trend, Momentum
The TD Sequential indicator is used to identify potential turning points in the price of an asset. It consists of two phases: TD Setup and TD Countdown. This implementation focuses on the TD Setup phase, which is the most commonly used part for trend exhaustion signals.
See