Universal-Sequential-0.101 :
Author’s note:
This indicator inspired by Thomas DeMark: TD Sequential and improves upon his indicator in a few key ways. (Original) (FAQ) DeMark’s indicator was designed to work on a day timeframe. My job was to take the best I can from Demark’s ideas and make it suitable for crypto markets and flexible. If you experienced with DeMark’s indicators, you should know how often, some conditions of TD Setup don’t match up just a bit. US-0.101 was designed to be an easy to set up and using the maximum of the tradingview’s limits.
Contents:
qp Combo: a plot of “Combo” sign that you can configure to any sequence between 10 and 99. Absolutely no connection to TD Combo. Boolean.
qp Buy Setup: 5 to 14 configurable buy setup sequence switch.
qp Sell Setup: 5 to 14 configurable sell setup sequence switch.
qp Buy Countdown: 5 to 15 configurable buy countdown sequence switch.
qp Sell Countdown: 5 to 15 configurable sell countdown sequence switch.
qp Overbuy: Introduced the red line — useful to analyze trend changes.
qp Oversell: Introduced the green line — useful to analyze trend changes.
qp Setup Trend Support: Inspired by TDST Support - single line uniting all red 1s.
qp Setup Trend Resistance: Inspired by TDST Resistance - single line uniting all green 1s.
Tuning:
This is where you can find all the switches
Combo On/Off - here you can turn On Combo. Default is On
Combo - here you can set a Combo sequence length. Default is 13.
Buy Setup - here you can set buy setup sequence length. Default is 9(like Demark's indicator)
Sell Setup - here you can set a sell setup sequence length. Default is 9(like Demark's indicator)
Buy Countdown - here you can set a buy countdown sequence length. Default is 13(like Demark's indicator)
Sell Countdown - here you can set a sell countdown sequence length. Default is 13(like Demark's indicator)
Sequence Length - here you can define a length of a sequence (Default is 4 - like in Demark's indicator)
I found out that it is better to look for a sell on default Demark's 4 sequence length.
changing it to 5 might be very helpful when you look for a buy point
DELTA = SETUP/SL - here you can set a sequence length to be more flexible by 20%. Default value is 0.983
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Universal Sequential-0.101 by Al Po aka @qpayct aka qpaycm aka vir2alexport aka pinescripting4traders