Full count up to 13.
Uptrend 9 turns light blue - likely trend reversal
Downtrend 9 turns orange - likely trend reversal
Uptrend 13 turns dark blue - extremely likely trend reversal
Downtrend 13 turns purple - extremely likely trend reversal
Any count greater than 13 will be black until invalidation, this can be seen with BTC /USD in December 2017 - extremely rare
Feel free to change the colours in the script, personally i prefer them as is, S&R lines may be turned off based on preference.
This description is simplified and does not explain the theory or strategies, please visit the internet for information on TD sequential.
I give thanks to Tom and the other TD sequential script publishers, such as glaz, on Tradingview.
Everyone is welcome to use and customise this script!
Stay tune for more crypto related indicators designed for the 24/7 market from the traders at Digichain Capital.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.