In an uptrend, the indicator displays blue numbers above candles to mark buying momentum. In contrast, during a downtrend, it places red numbers below candles, highlighting areas where bullish pressure may weaken. This numerical visualization helps traders spot trend exhaustion zones.
You can download it from this link:
https://cdn.tradingfinder.com/file/2...tflab-v1-2.zip
You can also access the MetaTrader 4 version of this indicator through this page:
https://www.forexfactory.com/thread/...-download-free
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
- Category: Currency Strength – Trading Tool – Signal & Forecast
- Platform: MetaTrader 5
- Skill Level: Beginner
- Trading Type: Reversal – Continuation
- Timeframe: Multi-timeframe
- Trading Style: Scalping – Intraday Trading
- Market: Forex – Crypto – Commodities – Stocks
Uptrend Conditions
In the 15-minute chart of Solana (SOL), the TD Sequential indicator completes a sequence of nine consecutive bearish candles. The appearance of Candle 9 suggests that selling pressure may be exhausted. Following this, the formation of a bullish Candle 1 often serves as a buy trigger for traders.
Practical Insight:
- The key signal arises when Candle 9 appears after a steady downtrend.
- A bullish Candle 1 after this count often indicates a favorable entry point for long positions.
Example:
"TD Sequential Buy Signal After Candle 9 on the 15m SOL Chart"
Downtrend Conditions
In the 1-hour USD/CAD chart, the indicator detects weakening bullish momentum as the ninth bullish candle completes. A subsequent bearish Candle 1, particularly if it breaks the lows of Candles 6 and 7, provides a strong sell signal.
Practical Insight:
- The break of Candle 6 or 7 low adds confirmation to the reversal.
- Traders can combine this with resistance zone or RSI divergence analysis.
Example:
"Sell Signal Triggered by Candle 1 After Sequential 9 in 1h USD/CAD"
Indicator Settings
The TD Sequential Indicator for MT5 provides basic customization to adapt to different market conditions:
Key Setting:
- Lookback:
Specifies the number of previous candles to consider in calculating the 9-count sequences. A higher lookback value makes the indicator more conservative.
Settings View:
"Settings Panel of the TD Sequential Indicator on MetaTrader 5"
Conclusion
The TD Sequential Indicator simplifies the detection of trend reversals by numbering candles and signaling buy/sell setups. Ideal for traders focused on short-term trend exhaustion, this MT5 indicator highlights both market continuation and reversal opportunities using clear visual cues.
With support for multiple markets including Forex, Crypto, Commodities, and Stocks, the TD Sequential offers a reliable, rule-based method for anticipating market turning points.