Celestial Guidance in the Stock Market's Vast Ocean: Tom's Navigational Compass for Trading

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In the journey through the stock market sea, there is a mysterious helmsman named Tom. He possesses a powerful technique called "Tom Setup", which is not only an indicator but also a treasure map that guides traders in finding market turning points.

First, let us decipher this treasure map. It consists of two parts: the setup phase and the countdown phase. In the setup phase, Tom uses a telescope to observe the arrangement of stars in the night sky. This is similar to the setup phase of Sequential, as it can capture specific price patterns. If there are 9 or more consecutive candlesticks, each closing price lower than the closing price four periods ago, it indicates a bullish setup. Conversely, if there are 9 or more consecutive candlesticks, each closing price higher than the closing price four periods ago, it indicates a bearish setup. This is like observing constellations, where he counts 9 stars in a row and observes if they are arranged lower or higher than four days ago. Throughout this process, each star silently tells the story of the market.

Next comes the countdown stage. Tom starts counting the speed at which the stars disappear, as if he is counting down the market. When a specific star pattern appears, Tom knows that the market's direction is about to change. In this stage, Tom begins to count down, observing each candlestick and evaluating various conditions. When certain conditions are met, it may indicate a trend reversal or exhaustion point.

In the turbulence of the stock market, Tom uses this indicator to predict trend reversals and make smart trading decisions. This indicator is particularly valuable in identifying potential exhaustion points within a trend and can be used in conjunction with other technical analysis tools for confirmation.

Tom's Sequential Setup is a powerful weapon for traders, providing deep insights into market trends and potential reversal points. It is often used by technical analysts to make informed trading decisions. Additionally, Tom's setup indicator is used to enhance entry points that may be overlooked by TD9 and TD13. Tom is not alone in the battle; he has a mysterious team composed of red and green BS labels. Like supplementary entry points for traders, these labels help him capture every subtle change in the market. Under Tom's guidance, even stock market beginners can easily understand these complex concepts and find their direction in the market.

Although Tom's Sequential Setup is a powerful tool, it is not omnipotent. It needs to be used in conjunction with other technical indicators to maximize its effectiveness. As he always says, "In the voyage of the stock market, wisdom, patience, and the right tools are needed to find the real treasure."

This script is designed to help traders identify potential market trend reversals through specific price action patterns. Here is an analysis and explanation of the code:

Sequential Logic:

The code defines multiple boolean variables (such as H13, H12, L9, etc.) to represent various bullish and bearish setups.

These setups are based on the number of consecutive candles and their position relative to the closing price of the previous 4 periods.

Label Plotting:

The label.new function is used to plot labels on the chart representing different setups (e.g., "5", "6", "7", etc.).

The label color is determined based on the type of setup (bullish or bearish).

Trend Identification Logic:

The barcolor function is used to change the color of the candles based on trend signals (upward or downward).

Buy/Sell Signals:

The labels variable is defined based on specific conditions (such as H9, L13, etc.) to determine buy/sell signals, which are marked on the chart using the label.new function.

Features and Benefits:

This script helps predict potential market trend reversals by identifying specific price patterns (such as consecutive candle counts and their position relative to previous periods).

It provides intuitive visual markers (such as candle color changes and buy/sell labels) to help traders better understand and track market dynamics.