![]() This additional Setup may occur ģ) AFTER the completion of Countdown and prior to a price flip. RECYCLING - Markets may record another Setup during Countdown phase. Only after Setup and Intersection have occurred, the Countdown process beginsįor Intersection explanation see attached pictureįIRST BAR OF COUNTDOWN - bar that CLOSES less (buy) / greater (sell) than (or equal to) the low (buy) / high(sell) 2 bars earlier INTERSECTION - For buy/sell countdown to begin Intersection must take place => low (sell)/high (buy) of trading bar “8” of Setup (or first subsequent bar) be less (sell)/greater (buy) than or equal to the high (sell)/ low (buy) three or more trading bars earlier up to and including first bar of setup. PRICE FLIP - must occur for buy/sell setup to be valid and counted.current bar CLOSES greater (sell)/ less (buy) than the CLOSE 4 bars earlier and the CLOSE of the preceding bar is less (sell) / greater (buy) than or equal to the close 4 bars earlierīUY/SELL SETUP - Setup phase may continue beyond 9th bar as long as each additional bar meets the qualification of Setup ![]() You're missing TDST supports/resistances.īelow some details of method that are very important and generates mistakes: I see only flipping from TD Buy Setup to TD Sell Setups, but seems that do not generate few TD Sell/Buy Setups one after another. OK, first of all, what you can see is that the script doesn't define TD Setups properly. This document is just a wrap up of methodology but omitts many details.
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