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.