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.
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。