chillbroswaggins

Daily Number Indicator (TD Sequential)

Indicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Release Notes: Updated Script to use Pine Script language level v4.

Fixed some colors.

Updated License & Comments.
Release Notes: Removed superfluous indicators from the example chart.

Added a comment.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Awesome!
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sequential De Mark
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vaicru vaicru
@vaicru, tested. well done !
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@vaicru, Thanks!
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@vaicru, thanks, I was looking for some literature/history behind this and this helped me find it! I do some reading and see if I can improve the script - there is definitely room.
+1 Reply
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