If the current data point is greater than the data point four bars ago, we increment the 'count' variable by 1. We then calculate the TD Sequential values by comparing the current data point with the data point four bars ago. The 'count' variable keeps track of the sequential count, while the 'value' variable stores the final TD Sequential value. Inside the function, we initialize two variables: 'count' and 'value'. This function takes a series of data as input and returns a series of values representing the TD Sequential indicator. To implement the TD Sequential indicator in Pine Script, we start by defining a function called 'tdSequential'. ![]() In this article, we will learn how to write a Pine Script function that calculates the TD Sequential values and plot them on the chart. This indicator is implemented in Pine Script, a programming language specific to the TradingView platform. It is used to identify potential trend exhaustion and reversal points in the price chart. The TD Sequential indicator is a powerful tool in technical analysis that was developed by Tom DeMark. Hline(-9, color=color.red, linestyle=hline.style_dashed) Hline(9, color=een, linestyle=hline.style_dashed) linestyle: The style of the horizontal line. color: The color of the horizontal line. price: The price level where the horizontal line will be drawn. The 'hline' function allows us to draw horizontal lines on the chart. Plot(tdSequential(close), color=color.red, title="TD Sequential") linewidth: The width of the plotted line. color: The color of the plotted series. series: The series of data to be plotted. The 'plot' function allows us to plot a series on the chart. ![]() ![]() A series of values representing the TD Sequential indicator. src: The series of data to be used for the TD Sequential calculation. In this script, we are using version The 'tdSequential' function implements the TD Sequential indicator logic. It's essential to ensure compatibility and correct In Pine Script, the directive indicates which version of Pine Script exhaustion and reversal points in the price chart. ![]() The TD Sequential is a technical analysis indicator Description: This script is dedicated to implementing the TD Sequential indicator
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