Tom DeMark Sequential (TDS)
TDS tracks consecutive closes compared to the close 4 bars earlier. Bullish Setup: 9 consecutive closes greater than the close 4 bars earlier (returns 1, signals potential reversal - BEARISH). Bearish Setup: 9 consecutive closes less than the close 4 bars earlier (returns -1, signals potential reversal - BULLISH).
Live Demo
Pick a market regime to see how TDS(9) reacts:
Usage
import {} from 'trading-signals';
// TDS yields results once 9 inputs have been added
const = new ();