OPEN-SOURCE SCRIPT
Volume Effort vs Result Scanner
Volume Effort vs. Result Scanner (Equilibrium Tracker)
This indicator is designed for price action and Volume Spread Analysis (VSA) traders seeking to identify key inflection points in the market. It specifically scans for the "Effort vs. Result" anomaly, looking for instances where massive trading volume (High Effort) fails to move the price significantly, resulting in a tightly contained candlestick range (Small Result).
When these two parameters align, it indicates a strong point of market equilibrium or hidden absorption, often signaling institutional accumulation, distribution, or an imminent volatility breakout.
How It Works
The script evaluates the market using two entirely customizable lookback periods, defaulting to standard institutional baselines:High Relative Volume (Effort): Compares the volume of the current bar against a 50-period Simple Moving Average (SMA). By default, it looks for bars with at least 2.0x (200%) the average volume.
Small Candlestick Range (Result): Compares the total high-to-low range of the candle against a 50-period Average True Range (ATR). By default, it limits the signal to candles that are 1.0x (100%) or less of the average historical volatility.
Tuning the Scanner to Your Strategy
This indicator is fully customizable so you can dial in your exact personal favorite setup depending on the market environment or asset class:
To Find Massive Institutional Absorption (Rare, High-Quality): Keep the Min Relative Volume Ratio high (e.g., 2.0x to 2.5x) and tighten the Max Candle Size Ratio downward (e.g., 0.6x to 0.8x). This isolates rare, ultra-tight "Doji" or pin bars that have massive volume injected into them.
This indicator is designed for price action and Volume Spread Analysis (VSA) traders seeking to identify key inflection points in the market. It specifically scans for the "Effort vs. Result" anomaly, looking for instances where massive trading volume (High Effort) fails to move the price significantly, resulting in a tightly contained candlestick range (Small Result).
When these two parameters align, it indicates a strong point of market equilibrium or hidden absorption, often signaling institutional accumulation, distribution, or an imminent volatility breakout.
How It Works
The script evaluates the market using two entirely customizable lookback periods, defaulting to standard institutional baselines:High Relative Volume (Effort): Compares the volume of the current bar against a 50-period Simple Moving Average (SMA). By default, it looks for bars with at least 2.0x (200%) the average volume.
Small Candlestick Range (Result): Compares the total high-to-low range of the candle against a 50-period Average True Range (ATR). By default, it limits the signal to candles that are 1.0x (100%) or less of the average historical volatility.
Tuning the Scanner to Your Strategy
This indicator is fully customizable so you can dial in your exact personal favorite setup depending on the market environment or asset class:
To Find Massive Institutional Absorption (Rare, High-Quality): Keep the Min Relative Volume Ratio high (e.g., 2.0x to 2.5x) and tighten the Max Candle Size Ratio downward (e.g., 0.6x to 0.8x). This isolates rare, ultra-tight "Doji" or pin bars that have massive volume injected into them.
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.
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.
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.