OPEN-SOURCE SCRIPT

ATR + BJ Signal(GOLD)

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This script visualizes a price-based counting pattern that highlights potential market exhaustion and reversal areas.
When a series of candles continues in one direction, the indicator measures price momentum loss and marks possible turning points.

Features

Counts consecutive upward or downward price movement

Highlights possible exhaustion or reversal areas

Optional alerts, take-profit and stop-loss visual levels

Fully customizable colors and display settings

Useful as a confirmation tool with trend or volume indicators

This indicator is designed to assist decision-making, not to generate mechanical buy/sell signals.
Best used together with other trend or volatility tools.

📎 Short Description (for compact field)

Counts consecutive price movement to highlight potential market exhaustion and reversal zones.
Helps identify when strong trends may be weakening.

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