OPEN-SOURCE SCRIPT
Exhaustion Detector
Detects potential trend exhaustion using volume spikes combined with rejection wicks.
How it works:
The indicator uses a scoring system (0-6) that evaluates each candle across four dimensions: volume intensity relative to average, wick length relative to body size, candle close position, and prior trend context. A score of 4+ triggers a standard signal, 5+ triggers a strong signal.
Bullish Exhaustion (bottom): After a downtrend, price shows a long lower wick with high volume and closes near the top of the candle — suggesting sellers are losing control.
Bearish Exhaustion (top): After an uptrend, price shows a long upper wick with high volume and closes near the bottom — suggesting buyers are losing control.
Volume-Price Divergence (DIV): Extreme volume with a tiny body indicates a tug-of-war between buyers and sellers.
Signals:
EXH↑ / EXH↓ = Exhaustion detected (score 4)
EXH↑↑ / EXH↓↓ = Strong exhaustion (score 5+)
DIV = Volume-price divergence
Features:
Works on any instrument, any timeframe
Adjustable volume, wick, and trend parameters
Info panel with real-time scoring
Built-in alert conditions
How it works:
The indicator uses a scoring system (0-6) that evaluates each candle across four dimensions: volume intensity relative to average, wick length relative to body size, candle close position, and prior trend context. A score of 4+ triggers a standard signal, 5+ triggers a strong signal.
Bullish Exhaustion (bottom): After a downtrend, price shows a long lower wick with high volume and closes near the top of the candle — suggesting sellers are losing control.
Bearish Exhaustion (top): After an uptrend, price shows a long upper wick with high volume and closes near the bottom — suggesting buyers are losing control.
Volume-Price Divergence (DIV): Extreme volume with a tiny body indicates a tug-of-war between buyers and sellers.
Signals:
EXH↑ / EXH↓ = Exhaustion detected (score 4)
EXH↑↑ / EXH↓↓ = Strong exhaustion (score 5+)
DIV = Volume-price divergence
Features:
Works on any instrument, any timeframe
Adjustable volume, wick, and trend parameters
Info panel with real-time scoring
Built-in alert conditions
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。