Coramac3Coramac3 2005.04.25 14:03 

The TD( Tom Demark) Swquential is used to find exhaustion points.
First you need a setup — something that tells you whether the environment is right for a low-risk buy or sell

In the case of a Sequential buy setup, you need nine consecutive closes less than the close four bars earlier.
The market could turn at that point.
However, if it continues to go lower,you go into the “countdown“ phase:
You take the close of bar 9, and every subsequent bar, and compare them to the lows two bars earlier.
When you have 13 closes less than or equal to the low two bars earlier, it’s a low-risk buy point.
In an uptrend, where you’re finding a low-risk sell point, you need nine consecutive closes greater than the close four bars earlier.
There are a few variations and qualifications, but that’s the basic concept.
It works on intrabar data,too. I know traders who use it on oneminute bars.
Note: You can replace the Bars with Days

I have a visual pic of what this indicator looks like and would appreciate it if any of you here with the programming experience can come up with this awesome indicator. It is great for predicting trend reversals on the daily charts.