OPEN-SOURCE SCRIPT
7-13 Sequential Counter
This indicator displays a sequential count (7-13) setup phase. It tracks consecutive bars where the close is lower than the close 4 bars ago (bullish/buy count, labeled below bars) or higher (bearish/sell count, labeled above bars), resetting on interruption or after 13. Toggle individual numbers (I personally use 7,9,13) and customize bullish/bearish label colors to spot potential trend exhaustion and reversal points.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.