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Tuesday, 16 August 2022
Forex-TD-Sequential-Indicator
Forex-TD-Sequential-Indicator

Forex-TD-Sequential-Indicator

Watch the testing video here:

Forex TD Sequential Indicator

 

Introduction to the TD Sequential Indicator

Table of Contents [show]

Price action traders often consider swing highs and swing lows as horizontal support and resistance levels. This is a logical theory since price had already reversed on the levels of the swing highs and swing lows.

The TD Sequential Indicator is a tool which can help traders objectively identify horizontal support and resistance levels based on the swing highs and swing lows.

 

What is the TD Sequential Indicator?

The TD Sequential Indicator is a custom technical indicator which identifies swing highs and swing lows and marks these levels as horizontal support and resistance levels.

It plots green dash lines on the level of the swing low indicating a horizontal support level.

It also plots red dash line on the level of the swing high indicating a horizontal resistance level.

It also plots numbers on each candle indicating the number of bars since the swing high or swing low was identified.

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