ParCorn

TD Countdown

TD Countdown is the "Second Phase" of a TD Sequential.

The idea is that a TD Sequential 8 or 9 with a proper new low signal provides good odds for reversal

If that reversal doesn't happen, that's when the TD countdown happens. TD countdown waits for 13 more new lows (basically) before expiring. Once the TD countdown expires, the odds for reversal will be even larger

That's the idea anyway
Oct 23
Release Notes: do titles and color updates
Oct 23
Release Notes: I realized I didn't do the final #13 countdown detection according to the instructions. we have to wait for a break below TC8 and TC11 for a TC13. That makes sense because you want a solid new low before trying to do the bottom call

also added some color/style touchups and explanations
Oct 24
Release Notes: fix the 13 count i think i have it right now
Oct 24
Release Notes: pretty happy with this version.

the sequence counter would get to 9 and not roll over to 1. it's interesting to look at it both ways and maybe its worth adding a setting for both. but i changed it to do rollover since i think that's the prescribed way.

the countdown count to 13 wasn't working correctly before either. I was having problems where the actual 13th count wouldnt show. also sometimes after the 13th count it would roll to a count like 12. I think all that has been fixed now.

I also added orange barcolor for the 8 and 11 in the countdown since they are used for the 13 count and simplified the colors overall

nice trend day in the spx500 here to show you all 9 sequence counts and all 13 countdown counts
Oct 24
Release Notes: fixed a few more typos and bugs. embarassing.
Oct 24
Release Notes: last update for tn. fixed missing 1 counts after 9s
Oct 25
Release Notes: Fix the 6/7 support check to be and instead of or
Jan 06
Release Notes: after some more reading i feel the sequence should not turn over to 1 if the move is still being made, instead we should do repeating 9's
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how can I plot the price on a specific candle on version 3?
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The 9 count TD Setup is the momentum component of TD Sequential and the 13 count TD Countdown is the trending component. DeMark has TD Setup as the first component and uses other qualifiers to help determine if TD Countdown is probable or if a reversal will occur upon a completed TD Setup. It doesn’t stop there. After a completed 13 count TD Countdown, another TD Setup can be renewed. DeMark calls this ‘recycling’. So while the forces are greater for a reversal upon a recorded 13 count TD Countdown, they can also consolidate and ‘recycle’ into a new count. The main takeaway is 9 and 13 counts stand out as areas of reversals. This is what DeMark observed when he developed TD Sequential.
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