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TD Sequential Ultimate
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[QUOTE="kris82wt, post: 188289, member: 70186"] This document is just a wrap up of methodology but omitts many details. OK, first of all, what you can see is that the script doesn't define TD Setups properly. I see only flipping from TD Buy Setup to TD Sell Setups, but seems that do not generate few TD Sell/Buy Setups one after another. It's well seen on AUDCHF & EURCHF. You're missing TDST supports/resistances. Below some details of method that are very important and generates mistakes: PRICE FLIP - must occur for buy/sell setup to be valid and counted....current bar CLOSES greater (sell)/ less (buy) than the CLOSE 4 bars earlier and the CLOSE of the preceding bar is less (sell) / greater (buy) than or equal to the close 4 bars earlier BUY/SELL SETUP - Setup phase may continue beyond 9th bar as long as each additional bar meets the qualification of Setup INTERSECTION - For buy/sell countdown to begin Intersection must take place ==> low (sell)/high (buy) of trading bar “8” of Setup (or first subsequent bar) be less (sell)/greater (buy) than or equal to the high (sell)/ low (buy) three or more trading bars earlier up to and including first bar of setup. Only after Setup and Intersection have occurred, the Countdown process begins for Intersection explanation see attached picture FIRST BAR OF COUNTDOWN - bar that CLOSES less (buy) / greater (sell) than (or equal to) the low (buy) / high(sell) 2 bars earlier RECYCLING - Markets may record another Setup during Countdown phase. This additional Setup may occur; 1) BEFORE the completion of Countdown 2) on Countdown 3) AFTER the completion of Countdown and prior to a price flip. This is referred to as "recycling". When market recycles it may be indicationg that the trend is likely to continue. The option of cancelling Countdown if an additional Setup occurs BEFORE the completion of Countdown (bar #13) would cancel Countdown and remove the Countdown numbers from the chart. When Countdown completes the prevailing trend is still in existence until a proce flip occurs in the opposite direction. During the period of the prevailing trend it's possible for an additional Setup to occur COUNTDOWN 13th bar - standard option for TD Sequential Buy Countdown require LOW of bar 13 to be less than CLOSE of bar 8. If bar meets requirement for Countdown 13 bar but LOW of that bar is equal to or above CLOSE Countdown 8, an asterisk (*) appears below bar to indicate qualifier is not met (for TD Seq Sell Countdown - HIGH analogically) COUNTDOWN CANCELLATION - 1) sell/buy Setup appears (opposite) 2) close above the high for current buy /sell Setup (break TDST Support/Resistance) 3) Recycle occurs (new Setup in the same direction and recycle activated) COUNTDOWN LINE - when TD Seq completes the Countdown phase a low risk trade /zone is identified. Where to draw a line? Identify highest bar of Countdown phase, ie bar 12. Take true range of that #12 bar and add(sell)/substract (buy) it to the high (sell) / low (buy). [/QUOTE]
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