Tom's Trading Compass is a powerful tool that helps traders identify potential market trend reversal points through specific price action patterns. The script uses sequential logic and label plotting to analyze price movements, identify buy and sell signals, and provide intuitive visual indications to help traders better understand and track market dynamics.
This article introduces an indicator called "L3 Projected Magic-9/13", which is based on the TDS theory and has been innovated and expanded. The main features of the indicator include projection range, multi-timeframe support, magical nine turns logic, chart labels, and custom functions. It is used to identify market trends and turning points and is suitable for experienced traders and analysts.