Thus, if a directional move continues after the momentum component is complete, TD Countdown and TD Combo can be applied to identify areas of trend exhaustion. The setup component of TD Sequential focuses on the momentum component to define price ranges. Suffice it to say that TD Combo anticipates price exhaustion within trends, as does the countdown component of the TD Sequential. It’s beyond the scope of this article to discuss DeMark’s two indicators in detail.
#TD SEQUENTIAL MANUAL#
However, there are many trading platforms that have not coded the indicators, and their manual calculation still presents a challenge for a busy daytrader. In his book Day Trading Options as well as in various articles, Thomas DeMark demonstrated that his TD Sequential and TD Combo bar counting techniques are equally effective on intraday charts. Meanwhile, Thomas DeMark’s TD Sequential can be automated without requiring further input, as we will see here.
This is also true of William Erman’s Ermanometry, which we will look at later in this article. The Fibonacci and Lucas techniques, which we explored in the previous issue, can be mechanized ( as seen in that article), but they will not continue to plot without further input.
Time-based techniques are effective and can be applied to intraday trading, but unless they are automated, they require a great deal of tending and tracking on the part of the trader. This time, we will examine two others: the TD Sequential and Ermanometry.
In the first part of this series, we discussed Fibonacci’s bar-counting technique and the Lucas number series. You can automate time-based techniques to apply to intraday charts. More Time-Based Trading Techniques TD Sequential And Ermanometry
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