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TD Sequential Indicator for MT5 Download - Free - [TradingFinder]

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MetaTrader4

MetaTrader5

$5FreeFor a limited time
TD Sequential Indicator for MT5 Download - Free - [TradingFinder]
TD Sequential Indicator for MT5 Download - Free - [TradingFinder] 0
TD Sequential Indicator for MT5 Download - Free - [TradingFinder] 1
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The TD Sequential Indicator, developed by Tom DeMark, is designed to identify momentum strengths and weaknesses in price movements.

This MetaTrader 5 strength 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:

Category

Currency Strength - Trading Tool - Signal & Forecast

Platform

MetaTrader 5

Skill Level

Beginner

Trading Type

Reversal - Continuation

Timeframe

Multi timeframe

Trading Style

Scalping - Intraday Trading

Market

Forex - Crypto - Commodities - Stocks

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.

TD Sequential Indicator in an Uptrend
Analyzing an uptrend using Tom DeMark’s indicator

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.

Analyzing a Downtrend with the TD Sequential Indicator
USD/CAD chart analysis using the TD Sequential Indicator

TD Sequential Indicator Settings

The image below presents the settings panel of the TD Sequential Indicator in MetaTrader 5:

TD Sequential Indicator Settings Panel
Reviewing 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 MT5 signal and forecast indicator marks bullish candles in blue and bearish candles in red, making trend analysis more accessible.

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FAQs

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.

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