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.