OPEN-SOURCE SCRIPT
Ciera Supply and Demand xATR Exhaustion Meter (Zones)
xATR Exhaustion Meter (Zones)
xATR Exhaustion Meter is a volatility-aware decision tool designed to help traders evaluate whether price is arriving at a supply or demand zone with exhaustion or momentum.
Instead of guessing whether a zone will react or break, this indicator measures how far price has traveled relative to current market volatility using ATR (Average True Range) and analyzes the quality of price arrival.
The result is a simple, real-time exhaustion assessment displayed in a clean table interface.
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🔍 What the Indicator Does
The indicator evaluates three core components when price interacts with a manually defined supply or demand zone:
1. Volatility-Adjusted Distance (xATR)
Measures how far price has moved into a zone relative to ATR:
Large xATR approach → move may be extended
Small xATR approach → move may still have energy
This normalizes movement across all timeframes and market conditions.
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2. Arrival Momentum Analysis
The indicator evaluates candle body strength compared to recent averages and optionally confirms momentum direction using RSI slope.
This helps determine whether price is:
accelerating into a zone, or
losing momentum before arrival.
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3. Exhaustion Classification
When price touches a zone, the meter classifies market condition as:
EXHAUSTED (react) — move may be stretched; reaction more likely
ENERGETIC (break) — strong arrival momentum; continuation more likely
NEUTRAL — confirmation required
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📊 Features
Works on all markets and timeframes
ATR selectable from Chart, 1H, 4H, or Daily timeframe
Manual Supply & Demand zone inputs
Wick or Close-based zone detection
Volatility-normalized xATR measurements
Clean table-only interface (no chart clutter)
Optional alerts for exhaustion or energetic arrivals
Zone visualization toggle
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🧠 How to Use
1. Mark your supply and demand zones manually.
2. Enter zone prices into the indicator inputs.
3. Watch the Exhaustion Meter when price reaches the zone.
General interpretation:
EXHAUSTED → look for confirmation of reaction/reversal.
ENERGETIC → expect higher probability of continuation or breakout.
NEUTRAL → wait for structure confirmation.
This tool is intended to assist decision-making, not replace price action analysis.
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⚠️ Notes
Zones are manually defined by the trader.
The indicator evaluates arrival conditions, not future direction.
Best used alongside structure, liquidity, or order flow analysis.
---
🎯 Designed For
Traders using:
Supply & Demand
Market Structure
Smart Money Concepts (SMC)
Price Action trading
Volatility-based analysis
xATR Exhaustion Meter is a volatility-aware decision tool designed to help traders evaluate whether price is arriving at a supply or demand zone with exhaustion or momentum.
Instead of guessing whether a zone will react or break, this indicator measures how far price has traveled relative to current market volatility using ATR (Average True Range) and analyzes the quality of price arrival.
The result is a simple, real-time exhaustion assessment displayed in a clean table interface.
---
🔍 What the Indicator Does
The indicator evaluates three core components when price interacts with a manually defined supply or demand zone:
1. Volatility-Adjusted Distance (xATR)
Measures how far price has moved into a zone relative to ATR:
Large xATR approach → move may be extended
Small xATR approach → move may still have energy
This normalizes movement across all timeframes and market conditions.
---
2. Arrival Momentum Analysis
The indicator evaluates candle body strength compared to recent averages and optionally confirms momentum direction using RSI slope.
This helps determine whether price is:
accelerating into a zone, or
losing momentum before arrival.
---
3. Exhaustion Classification
When price touches a zone, the meter classifies market condition as:
EXHAUSTED (react) — move may be stretched; reaction more likely
ENERGETIC (break) — strong arrival momentum; continuation more likely
NEUTRAL — confirmation required
---
📊 Features
Works on all markets and timeframes
ATR selectable from Chart, 1H, 4H, or Daily timeframe
Manual Supply & Demand zone inputs
Wick or Close-based zone detection
Volatility-normalized xATR measurements
Clean table-only interface (no chart clutter)
Optional alerts for exhaustion or energetic arrivals
Zone visualization toggle
---
🧠 How to Use
1. Mark your supply and demand zones manually.
2. Enter zone prices into the indicator inputs.
3. Watch the Exhaustion Meter when price reaches the zone.
General interpretation:
EXHAUSTED → look for confirmation of reaction/reversal.
ENERGETIC → expect higher probability of continuation or breakout.
NEUTRAL → wait for structure confirmation.
This tool is intended to assist decision-making, not replace price action analysis.
---
⚠️ Notes
Zones are manually defined by the trader.
The indicator evaluates arrival conditions, not future direction.
Best used alongside structure, liquidity, or order flow analysis.
---
🎯 Designed For
Traders using:
Supply & Demand
Market Structure
Smart Money Concepts (SMC)
Price Action trading
Volatility-based analysis
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.