ValorAlgo
Tom Demark

Tom Demark (TD) Sequential Setup

Overview:

  • Purpose: Identifies potential price exhaustion points to anticipate reversals.
  • Functionality: Counts a series of consecutive candles where the closing price is higher or lower than a specific number of candles earlier.

Key Parameters:

  • TD Setup Length: Number of bars for the TD Setup phase.
  • TD Countdown Length: Number of bars for the TD Countdown phase.

Usage:

  • Reversal Signals: A completed TD Sequential count may indicate a potential reversal point.