Td sequential indicator uses

The TD Sequential indicator uses a two-phase process to identify potential trend reversals and exhaustion points in financial markets. Here's a breakdown of how it works: 1. **TD Setup Phase**: This phase involves counting a sequence of 9 consecutive closes that are higher (in an uptrend) or lower (in a downtrend) than the close 4 periods earlier. This is known as the TD Setup and helps establish the trend direction. If the 9-candle count is completed, it signals a potential top or bottom, indicating a likely trend reversal. 2. **TD Countdown Phase**: Following the TD Setup, the TD Countdown phase begins, counting a sequence of 13 consecutive closes that are lower (for a buy countdown) or higher (for a sell countdown) than the close 2 periods earlier. This phase confirms the potential reversal indicated by the setup. If the 13-candle count is completed, it signals a potential trend reversal. The TD Sequential indicator is particularly useful for traders looking to anticipate trend exhaustion and potential reversals. By providing clear, quantifiable signals through numerical values, it aims to reduce the subjectivity often associated with technical analysis. However, it's important to note that while it can identify potential reversal points, it does not guarantee their occurrence, and it relies on historical data, which can lead to false signals and potential losses if not used in conjunction with other analysis methods.