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The TD Sequential Indicator, developed by Tom DeMark, is designed to identify momentum strengths and weaknesses in price movements.
This indicator applies a precise counting method to organize candles based on their highs and lows, facilitating the detection of potential trend reversals.
In an uptrend, the indicator labels the price highs with blue numbers, while in a downtrend, it marks the price lows with red numbers.
TD Sequential Indicator Specifications Table
The table below provides essential details, including recommended timeframes, suitable markets, and other related features for using this indicator.
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Indicator Categories:
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Signal & Forecast MT5 Indicators
Currency Strength MT5 Indicators
Trading Assist MT5 Indicators
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Platforms:
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MetaTrader 5 Indicators
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Trading Skills:
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Elementary
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Indicator Types:
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Reversal MT5 Indicators
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Timeframe:
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Multi-Timeframe MT5 Indicators
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Trading Style:
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Intraday MT5 Indicators
Scalper MT5 Indicators
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Trading Instruments:
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Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators
Commodity MT5 Indicators
Forward MT5 Indicators
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TD Sequential Indicator at a Glance
In the TD Sequential numbering system, Candle 1 signals the beginning of a new trend, while Candles 9 to 12 represent potential trend exhaustion levels. Additionally, monitoring Candles 6 and 7 breakouts in either direction can help traders find optimal entry points.
Uptrend Conditions
An analysis of the 15-minute Solana (SOL) chart shows that the nine bearish candle sequence has formed.
The appearance of Candle 9 suggests potential trend exhaustion and a likely price reversal. Under such conditions, forming a bullish Candle 1 can be considered a buy signal.
Downtrend Conditions
According to the 1-hour chart of USD/CAD, Candle 9 indicates a decline in bullish momentum, signaling a potential trend reversal.
In such cases, forming a bearish Candle 1, along with the break of Candles 6 and 7, can serve as an entry signal for sell trades.
TD Sequential Indicator Settings
The image below presents the settings panel of the TD Sequential Indicator in MetaTrader 5:
- Lookback: Defines the number of past candles used for indicator calculations.
Conclusion
The TD Sequential Indicator (TD Sequential) helps identify trend reversal points by numbering candles and providing buy and sell signals.
This trading tool marks bullish candles in blue and bearish candles in red, making trend analysis more accessible.
Can this indicator be used in the stock market?
Yes, this indicator is applicable across all financial markets, including stocks.
How does the indicator generate trade entry signals?
According to the TD Sequential method, the formation of Candle 1 signals the beginning of a new trend, while Candles 9 to 12 indicate a loss of momentum and a potential trend reversal.