Emotion recognition is a challenging task with many potential applications in psychology, psychiatry, and human-computer interaction (HCI). The use of time-delay information in the controlled time-delay stability (cTDS) algorithm can help to capture the temporal dynamics of EEG signals, including sub-band information and bi-directional coupling that can aid in emotion recognition and identification of specific connectivity patterns between brain rhythms. Incorporating EEG frequency bands can be used to design better emotion recognition systems. This paper evaluates the cTDS algorithm for binary classification tasks of arousal and valence using EEG sub-band signals. This method achieved a high accuracy of 91.1% for arousal and 91.7% for valence based on one electrode recording site at Fp1. The cTDS algorithm is a promising approach to analyzing brain network interactions. It can be particularly applicable to arousal and valence classification tasks, especially within a complex, multimodal feature space associated with understanding psychiatric disorders and HCI applications.