Description:
The TD Sequential is a powerful technical analysis tool designed to identify the exact time of trend exhaustion and potential price reversals. Tom DeMark introduced it in his book, “The New Science of Technical Analysis” (1994). As a counter-trend tool, the TD Sequential aims to solve the problem of several technical analysis indicators that perform well during trending markets but struggle in ranging markets.
Input Parameters:
n/a
Use Case:
- Applicable Across Timeframes: The TD Sequential can be used on any financial-traded asset and on multiple timeframes, making it a versatile tool for traders.
- Trend Reversals: The TD Sequential allows traders to enter or exit positions ahead of significant market moves by identifying potential exhaustion points.
- Clear, Quantifiable Signals: The numerical values generated by the TD Sequential provide easily interpretable signals, reducing the subjectivity often associated with technical analysis.
This feature can be used in:
- Market Scanner
- Strategy Tester
- Multi-Factor Alerts
- Smart Checklist
Do you want to learn more? Check out our Learning Center Article.
May 15, 2024