OPEN-SOURCE SCRIPT
Sequential 9(Setup Count)- KoRC
This indicator is a simplified Sequential 9-count (Setup 9) tool inspired by widely known “sequential counting” concepts. It detects potential exhaustion points by counting consecutive closes relative to the close 4 bars earlier:
Buy Setup (DIP): close < close[4] for 9 consecutive bars (optional strict mode: <=)
Sell Setup (TOP): close > close[4] for 9 consecutive bars (optional strict mode: >=)
Enhancements / Filters (optional):
Trend filter (default ON): uses EMA(200) as a macro trend filter and EMA(20) as a fast context filter.
Volatility filter (optional): ignores signals in low-volatility regimes using ATR% threshold.
Dedupe (default ON): prevents repeated signals within a short window (one-shot per swing concept).
Perfected highlight:
Signals are visually emphasized when a simple “perfected” condition is met (bar 8 or 9 extends beyond recent reference highs/lows), displayed with brighter colors.
How to use:
Use DIP/TOP labels as potential exhaustion alerts, not standalone trade signals. Combine with your own risk management and confirmation tools.
Disclaimer:
Not affiliated with or endorsed by any third-party. This script is provided for educational/visualization purposes only and does not constitute financial advice.
Buy Setup (DIP): close < close[4] for 9 consecutive bars (optional strict mode: <=)
Sell Setup (TOP): close > close[4] for 9 consecutive bars (optional strict mode: >=)
Enhancements / Filters (optional):
Trend filter (default ON): uses EMA(200) as a macro trend filter and EMA(20) as a fast context filter.
Volatility filter (optional): ignores signals in low-volatility regimes using ATR% threshold.
Dedupe (default ON): prevents repeated signals within a short window (one-shot per swing concept).
Perfected highlight:
Signals are visually emphasized when a simple “perfected” condition is met (bar 8 or 9 extends beyond recent reference highs/lows), displayed with brighter colors.
How to use:
Use DIP/TOP labels as potential exhaustion alerts, not standalone trade signals. Combine with your own risk management and confirmation tools.
Disclaimer:
Not affiliated with or endorsed by any third-party. This script is provided for educational/visualization purposes only and does not constitute financial advice.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.