Nine Sweeper Ver.1

3 天前

Nine Sweeper Indicator Manual

Overview:
The Nine Sweeper Indicator is a powerful technical analysis tool designed to identify potential trend exhaustion points in the market. It does this by counting a specific series of price conditions that suggest a trend may be reaching its limit. The Nine Sweeper Indicator consists of two phases:

Nine Setup Phase (9 Bars): This phase tracks consecutive bars where the price either makes higher highs (for buy setups) or lower lows (for sell setups).

Thirteen Countdown Phase (13 Bars): This phase tracks consecutive closes that are greater (for buy countdowns) or lower (for sell countdowns) than the close from two bars ago.

How the Nine Sweeper Works:
Nine Setup Phase (9 Bars):

The Nine Setup phase tracks a series of consecutive bars in which:

Buy Setup: The close of the current bar is higher than the close of the previous bar, repeated for 9 consecutive bars.

Sell Setup: The close of the current bar is lower than the close of the previous bar, repeated for 9 consecutive bars.

When this condition is met, a "9" label appears on the chart, signaling the completion of the setup phase.

Thirteen Countdown Phase (13 Bars):

After the Nine Setup phase completes, the Thirteen Countdown phase begins.

Buy Countdown: The close of the current bar must be higher than the close from two bars ago, repeated for 13 consecutive bars.

Sell Countdown: The close of the current bar must be lower than the close from two bars ago, repeated for 13 consecutive bars.

When this condition is met, a "13" label appears on the chart, signaling the completion of the countdown phase.
Using the Nine Sweeper Indicator:

Buy Signal:
A buy signal is generated when a "9" buy setup is followed by a "13" buy countdown. This indicates that the market may be exhausted to the downside, and a reversal to the upside could be imminent.

Sell Signal:
A sell signal is generated when a "9" sell setup is followed by a "13" sell countdown. This suggests that the market may be exhausted to the upside, and a reversal to the downside could be imminent.

Plotting the Indicator:
"9" Labels:

Green "9": Plotted below the bar for a buy setup (green when the buy setup is completed).
Red "9": Plotted above the bar for a sell setup (red when the sell setup is completed).
"13" Labels:

Green "13": Plotted below the bar for a buy countdown (green when the buy countdown is completed).
Red "13": Plotted above the bar for a sell countdown (red when the sell countdown is completed).

Strategy & Signal Confirmation:
The Nine Sweeper Indicator helps identify potential exhaustion points in a trend. For better accuracy, combine it with other indicators or chart patterns (such as RSI, MACD, or key support/resistance levels) to confirm the validity of the signals.

Example: If a buy signal is triggered (a "9" followed by a "13" buy countdown) and the RSI is below 30 (indicating oversold conditions), this could increase the likelihood of an upward reversal.

Adjusting the Nine Sweeper:
You can customize the Nine Sweeper settings to suit your trading strategy:

Nine Setup Length (9 Bars): The number of bars required to complete the Nine Setup phase. The default is 9, but you can adjust it depending on your preferred trading style or market conditions.

Thirteen Countdown Length (13 Bars): The number of bars required to complete the Thirteen Countdown phase. The default is 13, but you can experiment with this parameter for more aggressive or conservative signals.

Backtesting and Optimization:
To evaluate the effectiveness of the Nine Sweeper indicator, you can backtest the strategy on historical data using platforms like TradingView. By adjusting the setup and countdown lengths, you can optimize the indicator to suit specific market conditions and improve performance.

Limitations of Nine Sweeper:
While the Nine Sweeper is a powerful tool, it’s important to remember that no indicator is foolproof. Here are some limitations to keep in mind:

False Signals: In strong trending markets, the Nine Sweeper might give false signals or fail to predict the trend reversal.

Market Context: Always consider the broader market context, including the prevailing trend, volatility, and other fundamental factors, before acting on a signal.
Not a Standalone Tool: The Nine Sweeper works best when combined with other technical indicators (e.g., moving averages, RSI) and chart patterns to provide more accurate signals.

Summary:
The Nine Sweeper Indicator is a useful tool for identifying potential exhaustion points and trend reversals in the market. By counting a series of price conditions across multiple bars, it helps traders spot when the market may be reaching a turning point. However, as with any indicator, it should be used in conjunction with other analysis tools to increase the accuracy and reliability of trading signals.