THV TD Sequential MT5

THV TD Sequential MT5

Hi Traders,

THV TD Sequential (MT5) is a technical indicator inspired by Tom DeMark’s TD Sequential, designed to help traders identify trend exhaustion, potential reversals, and market timing opportunities.

The indicator consists of two main components:

1. TD Setup (1–9)

• A Buy Setup counts when the current close is lower than the close 4 bars earlier.

• A Sell Setup counts when the current close is higher than the close 4 bars earlier.

• When the count reaches 9, it signals that the current trend may be losing momentum.

• Users can filter the displayed Setup numbers to reduce chart clutter.

2. TD Countdown (1–13)

• After a completed Setup (9), the Countdown phase begins.

• Buy Countdown counts when the close is below the low of 2 bars earlier.

• Sell Countdown counts when the close is above the high of 2 bars earlier.

• A completed 13-count suggests a high-probability reversal or pause in price movement.

Additional Features:

• Intersection markers highlight critical price interactions near Setup 8 or 9.

• Lookback control limits drawings to recent bars for better performance.

• Fully recalculates on timeframe changes to ensure accurate visualization.

• Labels are offset from price for improved readability.

This indicator is best used as a trend exhaustion and timing tool, and should be combined with support/resistance, trend structure, or risk management rules rather than used as a standalone trading signal.

How to use:

- Simply attach the indicator to your chart and adjust some user-friendly inputs, and you are ready to go.

- Whenever you see TD Setup numbers such as 8, 8*, 9, 9*, or Countdown numbers (1–13), there is a high probability that the market may reverse or enter a consolidation phase. Generally, the higher the Setup or Countdown number, the greater the probability of a potential reversal.

Recommendation:
- Use Setup counts 5, 6, and 7 as early alerts for potential trend exhaustion.
- Use Setup 8, 9, and the Countdown phase to refine trade entries on lower timeframes.