Tom DeMark Sequential

This is my interpretation of Perl's Tom DeMark Sequential Indicator. (Disclaimer) I make no guarantee to its accurancy or validatiy , however I have made sure as much as I can it is useful by comparing it to existing indicators on here and the examples provided in the book.

This is the most powerful free interpretation of TD Sequential indicator in comparision to everything that is here. I am providing this for free to the community because I have learnt so much and while I am an amature trader, I have worked for IBs for over 10 years and built Algos and HFT systems to Tier 1 banks.

So what does this indicator give you:
  • Define your own Setup Period.
  • Define your own Look Back Period
  • Define your own Countdown period
  • Toggle Price Flip checks
  • Define your own Perl's Proximity
  • Hide all historical values.

Please review and any feedback is welcomed. I am hoping to keep improving this indicator as I progress throught the book.
Release Notes: Release Notes:
  • Fixed a Bug with Deffered Countdown thanks @vaicru
  • Added Aggressive 13
  • Added Alerts for Completed Setup, Completed Countdown, and Aggressive Countdown
  • Countdown can be hidden now
Release Notes: Fixed a minor bug with the historical Support & Resistance lines. Thanks to @vaicru for spotting it.
Release Notes:
  • Option to Hide Aggressive 13
  • Added Combo 13 with option to hide and Alert
  • Minor Performance Improvements
  • Added TD Sequential 13 Stoploss. Request by @viacru
  • Due to limitation on number of drawable objects had to remove the Sequence Countdown. will try and find a way to add it back.
Release Notes:
  • Added TD CountDown Numbers
  • Removed Current Historical/Resistance Lines (limitation on the number of objects Pine Script is allowed to plot)
  • Consolidated all the Stoplosses into a single Plot instruction
Release Notes: chart adjustment
Release Notes:
  • Display Setup Recycle e.g. SPY 1W October 23 2017 - March 2018. Thanks @rjwmarvel
Release Notes:
  • Added ability to toggle the extension of the Resistance & Support Lines even when broken
  • Fixed a bug with Countdowns when TDST Resistance or Support are broken
Release Notes:
  • Changed "Recycle" from fixed 18 to Sequence Period * 2
  • Tweaks to the display of Support & Resistance Lines
  • Minor fix to the Display of A13
  • Added a new Alert for C13
  • Added a new Alert to fired for any of the signals
Release Notes:
  • Fixed the Recycle Bug
Release Notes:
  • Resistance & Support line updates on recycle
  • Fixed a Bull Countdown on Recycle
Release Notes:
  • Fixed differed countdown
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hey bytetrader, I found your TD on tradingview. I am a novice trader and am learning the TD at the moment. Your TD algo has really helped me in my learning. Thank you for doing the community this service and your selfless sharing. God Bless!
bytetrader midnight-oil-trader
Thanks @midnight-oil-trader, glad it is useful.
Hi there, this is great work! thanks! I am facing an issue here and wondering why is it happening. There are missing counts, see the chart:
It only happened on this particular pair for now. Any thoughts?
bytetrader fastmoveforward
@fastmoveforward, Hi, this is because the condition for a Countdown flip has not been met. There is a flag in the setting "Require Price Flip Check" turn than off and you should be able to see the counts.
@bytetrader, OK, got it. It filters the noise in a sense.
Absolute the best free indicator. Thx a lot
+1 Reply
bytetrader ABG1968
thanks @ABG1968 for kind comment
Hello Sir, is there a guide that you explain how to use this indicator ?
This looks like it represents some serious coding time & effort. Wonderful of you to make it available to the community.

Am I correct about these things? C13 = Combo 13, A13 = Aggressive 13, R = Recycle, but S13 ... I don't know.

Thanks again for your tremendous effort.
+2 Reply
Hello, your indicator is very good.. I have one question.. What does it mean, when R appear?
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