OPEN-SOURCE SCRIPT
Effort vs Result [Wyckoff]
Wyckoff's "effort vs result," quantified. Effort = volume (how much trading took place). Result = how far price actually travelled. When a bar shows heavy effort but little result, supply/demand is being absorbed — a battle worth marking.
HOW IT WORKS
Effort and result are turned into z-scores over a rolling window, so "high" and "low" mean high/low for this symbol on this timeframe — not a fixed number.
Absorption (high effort, low result) does not give direction — it only marks an important area where effort got absorbed. The indicator draws that area as a zone and waits. The zone develops, growing to include every following bar. The moment price closes beyond the developing range — either side, any volume — the level has given way. That break, in its own direction, is the signal.
1) Absorption seeds a zone (its high–low)
2) Each following bar expands the range
3) A close beyond the range = breakout (within N bars), otherwise the zone is discarded
HOW TO READ
- Grey dashed box: a developing absorption zone (directionless).
- Green triangle below a bar: bullish breakout (closed above the zone) — box turns green.
- Red triangle above a bar: bearish breakout (closed below the zone) — box turns red.
Zones that time out or get breached without a clean close disappear, so only meaningful areas remain.
INPUTS
- Z-Score Lookback — window for the rolling mean / standard deviation.
- Divergence Threshold (σ) — how extreme a bar must be to count as absorption. Higher = fewer, stronger zones.
- Result Source — Range (high−low), Body (|close−open|), or True Range (gap-aware).
- Detection Mode — Score (combined divergence, looser) or Strict (both legs extreme).
- Max Bars: Absorption → Breakout — how long a zone waits before being discarded.
- Visuals — show/hide zones, arrows, labels, colours.
ALERTS
Two separate conditions: Bullish Breakout and Bearish Breakout (use "Once Per Bar Close").
NOTES & LIMITS
Volume reliability depends on the symbol/feed — on spot FX it is tick volume, not real contracts; no volume = no signals. This is a statistical observation, not a forecast: a z-score flags an unusual bar, a breakout shows a level gave way — neither guarantees what price does next. No repaint, no lookahead: all calculations are on closed bars; z-scores use past bars only.
HOW IT WORKS
Effort and result are turned into z-scores over a rolling window, so "high" and "low" mean high/low for this symbol on this timeframe — not a fixed number.
Absorption (high effort, low result) does not give direction — it only marks an important area where effort got absorbed. The indicator draws that area as a zone and waits. The zone develops, growing to include every following bar. The moment price closes beyond the developing range — either side, any volume — the level has given way. That break, in its own direction, is the signal.
1) Absorption seeds a zone (its high–low)
2) Each following bar expands the range
3) A close beyond the range = breakout (within N bars), otherwise the zone is discarded
HOW TO READ
- Grey dashed box: a developing absorption zone (directionless).
- Green triangle below a bar: bullish breakout (closed above the zone) — box turns green.
- Red triangle above a bar: bearish breakout (closed below the zone) — box turns red.
Zones that time out or get breached without a clean close disappear, so only meaningful areas remain.
INPUTS
- Z-Score Lookback — window for the rolling mean / standard deviation.
- Divergence Threshold (σ) — how extreme a bar must be to count as absorption. Higher = fewer, stronger zones.
- Result Source — Range (high−low), Body (|close−open|), or True Range (gap-aware).
- Detection Mode — Score (combined divergence, looser) or Strict (both legs extreme).
- Max Bars: Absorption → Breakout — how long a zone waits before being discarded.
- Visuals — show/hide zones, arrows, labels, colours.
ALERTS
Two separate conditions: Bullish Breakout and Bearish Breakout (use "Once Per Bar Close").
NOTES & LIMITS
Volume reliability depends on the symbol/feed — on spot FX it is tick volume, not real contracts; no volume = no signals. This is a statistical observation, not a forecast: a z-score flags an unusual bar, a breakout shows a level gave way — neither guarantees what price does next. No repaint, no lookahead: all calculations are on closed bars; z-scores use past bars only.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
"No-hype tools for serious chart traders — no profit promises, just clean tools that show their work."
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
"No-hype tools for serious chart traders — no profit promises, just clean tools that show their work."
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.