Zembala_DMark

This indicator uses a specific candle-counting technique to identify potential short-term exhaustion points in price action.

It works by comparing the current candle’s closing price to the closing price 9 candles earlier and maintains two separate counts:

Buy Count (13B): Increases when the current close is lower than the close 9 bars ago.

Sell Count (13S): Increases when the current close is higher than the close 9 bars ago.

When either count reaches 13 consecutive conditions, a signal is displayed:

13B (green triangle up) suggests downside exhaustion and a possible short-term rebound.

13S (red triangle down) suggests upside exhaustion and a potential short-term pullback.

These signals are not traditional buy/sell recommendations but instead highlight areas of potential trend fatigue or price extremes. This logic is loosely inspired by bar-counting methods used in certain sequential strategies, but simplified and adapted for general use without reliance on any proprietary methodology.