Abiroid TD Sequential Combo Arrow
- Göstergeler
- Sürüm: 1.3
- Güncellendi: 2 Haziran 2024
- Etkinleştirmeler: 20
This is based on Demark's TD Sequential and TD Combo set of indicators. It mostly has the TD Sequential features.
It contains the Arrows Indicator showing Buy/Sell signals and the scanner dashboard. Both are for MT4 (Metatrader 4) Platform.
Read in detail in this blog post. And get extra indicators here:
https://www.mql5.com/en/blogs/post/749596
and commentary about signals and how to wait for right time:
Feature List:
- Set TD Setup (9), Countdown (13) bars and In Between bars (4)- Set Countdown Risk Level Bars
Below features are optional:
- Merge TD Setup and Countdown for TD Combo- Check Setup Intersection
- Price Flip before Starting Setup count
- Setup Perfected Check
- Countdown Qualifier Check
- TDST crossed break
- Stop Countdown on Price Flip
All above checks are in scanner and arrows. Scanner also has high Volume bar displayed.
Explained:
TD Sequential has these phases:
Price Flip (Reverse detection)It is a signal of a potential reverse.
For Buy: The last candle closes HIGHER than the close four bars earlier. The last but one close is LOWER than the close four bars earlier.
Setup Phase (Momentum)
For Buy: 9 consecutive closes are lower than the corresponding closes 4 bars earlier
Intersection (Make sure price isn't falling too fast)
For Buy: High of 8 or 9 should be more than Low of 3 bars earlier
Countdown Phase (Trend Exhaustion)
Count Bars that close lower or equal to the low 2 bars earlier for total 13 bars.
It doesn’t have to be a consecutive sequence of 13 bars.
Indicator will wait for countdown qualifier to be true. For a total of Max Countdown bars.
So, best signals are when Setup has a nice strong drop (right before BUY reversal) or strong rise (before SELL).
And then countdown is where price slows down and starts ranging a bit. Forming 1-2 strong volume candles in opposite direction.
Which signals that trend is reversing.
