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MT4/MT5 Indicator to Plot TD Sequential Setup, Countdown, and Support/Resistance Levels

September 8, 2020 by

If you ever wanted to trade using Tom DeMark’s TD Sequential methods on a MetaTrader broker but found the currently available indicators lacking, you will be delighted to get hold of my latest creation — TD Sequential Ultimate. It is a free open-source indicator available for MetaTrader 4 and MetaTrader 5.

TD Sequential is a system developed by Tom DeMark to provide quantitative measure of a budding reversal in a trend. It is based on three main concepts: Buy/Sell Setup, which signals at least a partial trend exhaustion, Buy/Sell Setup Perfection, which signals a high likelihood of trend at least stagnating, and Buy/Sell Countdown, which provides an indication that the initial trend’s momentum is drained.

TD Sequential Ultimate indicator adds another technique of Tom DeMark’s authorship to the mix — TDST Support/Resistance levels. They are based on the Buy/Sell Setup candles and provide, unsurprisingly, powerful levels of support and resistance. Those can be used alone or in combination with the rest of the TD Sequential system.

If you want to learn how TD Sequential works and how you can trade currency pairs using this technical indicator, please refer to the following resources:

The indicator provides multiple input parameters to customize the looks of the counts and also the various alerts that you can utilize to get notified on four types of events with TD Sequential:

TD Sequential Ultimate Indicator - Input Parameters

Here is an example of a backtest of this indicator using EUR/USD @ H1:

TD Sequential Ultimate Indicator Backtest

You can get the code of the MT4 and MT5 versions or read more info about this TD Sequential indicator.

If you find any bugs in this indicator for MetaTrader based on Tom DeMark’s methods or if you have some feature suggestions, please use the commentary form below.

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