Invented by Tom DeMark, the TD Sequential is a technical indicator identifying reversal points on the market and marking horizontal support and resistance levels. It gives daily and intraday signals.
It contains TD Setup and TD Countdown figures.
TD Setup is formed by 9 consecutive bars, generally marked in green (from 1 to 9).
TD Countdown is formed by 13 not necessarily consecutive bars, generally marked in red (from 1 to 13).
The TD9 is a buying signal of the TD Sequential. It appears when the last nine candles were all below the preceding four candles.
This indicator is often used by traders but can be complex for beginners.