Daveatt

BEST Candle Meter/Sequential Strategy

Hello ladies and gentlemen

📒 INDICATOR OF THE DAY 📒

The TD sequential fans are going to love that one.
TD Sequential has two parts – TD Setup and TD Countdown. The first phase of TD Sequential starts with a TD Setup and is completed with a 9 count.
When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely.

The Candle Meter strategy counts the sequence of candles in one direction.
Gives also the number of consecutive candles in one direction.

The direction is based on open and close.

Script screenshot

In the script screenshot just above, I'm using a bar meter of 7.
The 7 count estimates whenever 7 consecutive candles are vaidated

💎Filters💎

I included some cool backtest filters:

- date range filtering
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
- closing on opposite signal (if we count N consecutive bar down, this will close a LONG if opened)

The take profit and stop loss should work with Forex pairs also

All the BEST
Dave
Skript med en öppen källkod

I sann TradingView-anda har författaren till detta skript publicerat det som öppen källkod, så att handlare kan förstå och verifiera det. Skål för författaren! Du kan använda den gratis men återanvändning av den här koden i en publikation regleras av våra Ordningsregler. Du kan göra den till favorit för att använda den i ett diagram.

Vill du använda det här skriptet i ett diagram?
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📺 Youtube: https://bit.ly/3bKvnZu

Kommentarer

can you please suggest how to reverse signals?
+2 Svara
Daveatt OutsourcE
@OutsourcE, to play reversals you mean?
Svara
OutsourcE Daveatt
@Daveatt, yep
+1 Svara
Daveatt OutsourcE
@OutsourcE, it's not a strategy to be used for real live trading as it is. It misses some basic risk, trading and money management components
TD sequentials guys often use the 9 to identify a possibility of a beginning of an eventuality of a reversal
+1 Svara
Can i try the indicator, plus read the document about it to understand how to use it?
+2 Svara
Daveatt totoroha
@totoroha, it's free. Sure you can :)
It's in the public library
Svara
dude, you're pretty good at this trading/coding thing :) YOU DA MAN!
+1 Svara
Daveatt JoshuaMcGowan
@JoshuaMcGowan, this is a simple script though. Thank you my friend :)
Svara