Magic 13 for China Stock Market

Price Exhaustion Counter - 9/13 Signals

This indicator tracks consecutive closes relative to their 4-bar precedent, identifying potential trend exhaustion points.

KEY FEATURES:
- Counts consecutive higher/lower closes up to 9
- Extends counting to 13 for confirmation signals
- Customizable early warning display (counts 5-8)
- Background highlighting for approaching signals
- Clean, non-overlapping label placement

SIGNAL GUIDE:
- Counts 5-8 (orange): Early momentum warning
- Count 9 (purple/green badge): Primary exhaustion signal
- Counts 10-13 (green/purple): Extended momentum - stronger reversal potential

CUSTOMIZATION:
- Toggle early signals visibility
- Adjust label offset for clarity
- Enable/disable background hints
- All timeframes supported

Identifies high-probability reversal zones based on consecutive price action.