Re: Something interesting please post here (Metatrader)

112
TD Sequential indicator

What is it for?

Applying Tom DeMark’s TD Sequential serves the purpose of identifying a price point where an uptrend or a downtrend exhausts itself and reverses.

What are the main components of TD Sequential?

TD Sequential has two parts – TD Setup and TD Countdown.

  • The first phase of TD Sequential starts with a TD Setup and is completed with a 9 count. When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely.
  • It is also at that point where TD Sequential starts the second phase with TD Countdown and is completed with a 13 count. When the 13 count is recorded, it is at that point, a price pause, price pullback, or a reversal is likely.

Example charts:

  • TD Buy Setup for Ebay (EBAY)
  • TD Buy Countdown for Zynga (ZNGA)
  • TD Sell Setup for Netflix (NFLX)
  • TD Sell Countdown for Network Appliance (NTAP)
  • The written explanation of each example is numbered in order.

Re: Something interesting please post here (Metatrader)

113
bilbao wrote:Fri Apr 14, 2017 4:15 am TD Sequential
Great post Bilbao. Keep them coming.
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Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
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An easy trick for drawing Support & Resistance


Re: Something interesting please post here (Metatrader)

119
NeelyElliotWave indicator

In Neely method is based on the concept monowaves which is a simple movement until the price change of direction. Monowaves can be identified by constructing price maxima and minima for a selected period in the order of occurrence of the beginning and the center slot.

Forex indicator NeelyElliotWave builds on the chart four monowaves according to different time periods:

  • Monthly (by default - a blue-violet color).
  • Weekly (default - green).
  • Day (default - blue).
  • 6-hour (default - yellow).

The beginning and end of each monowaves marked point.

According to the magazine fortrader, the NeelyElliotWave indicator will help traders who build their trading strategy using the Elliott Wave Theory, and help increase its effectiveness.


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