OPEN-SOURCE SCRIPT
FIE Price Action Overlay
FIE (Frequency • Influence • Efficiency) Price Action
FIE is a market analysis framework that measures the quality of agreement between multiple stochastic components and MACD and their respective influence on price action. FIE is designed as an educational decision-support tool for traders who want to evaluate not just whether indicators agree, but how much confidence that agreement deserves.
Instead of treating every component equally, FIE evaluates each component according to three characteristics:
Frequency – How consistently the component aligns with price.
Influence – How much price movement occurs while it is aligned.
Efficiency – A weighted measure that combines consistency and impact.
These measurements are then used to determine each component's relative contribution to the current market move through Share Participation and Normalized Efficiency.
The result is a real-time view of which components are driving the current price action, how much they contribute, and how strongly they agree.
FIE helps distinguish between:
Broad market agreement.
Moves driven primarily by a single component.
Weak participation behind price.
High-confidence confluence where multiple components align with meaningful participation.
The integrated dashboard summarizes each component's contribution, efficiency, participation, and agreement, allowing traders to evaluate the strength and quality of a setup at a glance.
Features
- Frequency, Influence, and Efficiency analysis
- Component Share Participation
- Normalized Efficiency (E-Norm)
- Active Average calculations
- Multi-component confluence analysis
- Confidence and participation dashboard
- High-confluence ("Consensus Signal") identification
- Extensive customization and threshold controls
- Optional Entry signals and crossover levels
- 'Enhanced Candles' to further highlight component/price behaviour
FIE is designed as an educational decision-support tool for traders who want to evaluate not just whether indicators agree, but how much confidence that agreement deserves.
FIE is a market analysis framework that measures the quality of agreement between multiple stochastic components and MACD and their respective influence on price action. FIE is designed as an educational decision-support tool for traders who want to evaluate not just whether indicators agree, but how much confidence that agreement deserves.
Instead of treating every component equally, FIE evaluates each component according to three characteristics:
Frequency – How consistently the component aligns with price.
Influence – How much price movement occurs while it is aligned.
Efficiency – A weighted measure that combines consistency and impact.
These measurements are then used to determine each component's relative contribution to the current market move through Share Participation and Normalized Efficiency.
The result is a real-time view of which components are driving the current price action, how much they contribute, and how strongly they agree.
FIE helps distinguish between:
Broad market agreement.
Moves driven primarily by a single component.
Weak participation behind price.
High-confidence confluence where multiple components align with meaningful participation.
The integrated dashboard summarizes each component's contribution, efficiency, participation, and agreement, allowing traders to evaluate the strength and quality of a setup at a glance.
Features
- Frequency, Influence, and Efficiency analysis
- Component Share Participation
- Normalized Efficiency (E-Norm)
- Active Average calculations
- Multi-component confluence analysis
- Confidence and participation dashboard
- High-confluence ("Consensus Signal") identification
- Extensive customization and threshold controls
- Optional Entry signals and crossover levels
- 'Enhanced Candles' to further highlight component/price behaviour
FIE is designed as an educational decision-support tool for traders who want to evaluate not just whether indicators agree, but how much confidence that agreement deserves.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.