Daveatt

BEST Candle Meter/Sequential Strategy

Hello ladies and gentlemen

πŸ“’ INDICATOR OF THE DAY πŸ“’

The TD sequential fans are going to love that one.
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.

The Candle Meter strategy counts the sequence of candles in one direction.
Gives also the number of consecutive candles in one direction.

The direction is based on open and close.

Script screenshot

In the script screenshot just above, I'm using a bar meter of 7.
The 7 count estimates whenever 7 consecutive candles are vaidated

πŸ’ŽFiltersπŸ’Ž

I included some cool backtest filters:

- date range filtering
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
- closing on opposite signal (if we count N consecutive bar down, this will close a LONG if opened)

The take profit and stop loss should work with Forex pairs also

All the BEST
Dave

πŸ‘¨β€πŸ’» Need help you with your FTMO/TopStep verif?

⭐️ Listed as TradingView Trusted Pine Programmer

πŸ“§ dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com

Twitter: twitter.com/bti_trading
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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