Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=3126
Forum: 17 · Topic 3126 · 4 post(s)
richardtao · Mon Jan 10, 2011 3:21 am
The TDS indicator version 1 is applying of Trading Station II. This Indicator is adapted base on TD Indicator. The TD Indicator is registered by Tom DeMark, all rights are reserved.
The first part is Adaptive TD Sequential. The first three parameters are “S: Setup Interval “, “C: Countdown Interval” And “N: Number of MA periods”. Parameter N defines MA periods to identify finish flag by checking ma cross. The default parameter setting 4,2 and 20. You can enlarge S and C to fit the selected instrument. Personal suggestion is the applying time frame not less than H1. The TD Sequential rules for reference: Duration 9 price bars Unlimited Buy signal 9 consecutive price bar closes 13 price bars where each close that are less than the close 4 is less than or equal to the low price bars earlier 2 price bars earlier Perfection - buy The low of either price bar 8 The low of price bar 13 must be or 9 must be less than the lows less than or equal to the close of of both price bars 6 and 7 price bar 8 Sell signal 9 consecutive price bar closes 13 price bars where each close that are greater than the close is greater than or equal to the 4 price bars earlier low 2 price bars earlier Perfection - sell The high of either price bar 8 The high of price bar 13 must be or 9 must be greater than the greater than or equal to the close highs of both price bars 6 and 7 of price bar 8
These setups need to be practiced with caution.
The indicator was revised and updated
FinnRe · Fri Feb 08, 2013 9:04 am
This is clearly well coded, but ignores one of the most important features of TD Sequential - the count down is cancelled if there is a setup in the opposite direction. Without this you miss a lot of setups. Not entirely sure what the MA is needed for either.
Jeffreyvnlk · Sun Sep 28, 2014 6:03 am
It also missing INTERSECTION CONCEPT as well
Apprentice · Thu Jun 29, 2017 6:17 am
The indicator was revised and updated.