OPEN-SOURCE SCRIPT
Everex Lite (Effort vs Result Participation)
Everex Lite is a streamlined Effort vs Result participation indicator inspired by the original RedK Everex concept.
The indicator measures the relationship between market participation (effort) and price movement (result) to help traders visualize how efficiently price is moving through the auction.
Rather than focusing solely on volume or momentum, Everex Lite evaluates whether price progress is being supported by participation. This can help identify conditions such as:
• Strong participation supporting directional movement
• Absorption and stalled auctions
• Weakening momentum
• Thin liquidity moves
• Potential shifts in participation strength
Everex Lite intentionally removes several components from the original implementation to create a cleaner and easier-to-read display. The result is a lightweight tool that focuses on the core Rate of Flow (ROF) model and Signal Line while reducing visual clutter.
Features:
• Simplified Rate of Flow (ROF) calculation
• Optional Line or Histogram display modes
• Configurable Signal Line
• Multiple moving average types (WMA, EMA, SMA, HMA, RMA)
• Optional participation levels
• Clean, lightweight design
This indicator is best used alongside market structure, VWAP, volume profile, support/resistance levels, and Auction Market Theory concepts.
Everex Lite is not designed as a standalone buy or sell signal. Instead, it provides additional context regarding participation and price efficiency to help traders better understand the auction taking place beneath the chart.
Credits:
This indicator is a simplified derivative of the original RedK Everex indicator. Full credit for the original Effort vs Result implementation belongs to RedK.
If you find the indicator useful, please leave a like and share your feedback.
The indicator measures the relationship between market participation (effort) and price movement (result) to help traders visualize how efficiently price is moving through the auction.
Rather than focusing solely on volume or momentum, Everex Lite evaluates whether price progress is being supported by participation. This can help identify conditions such as:
• Strong participation supporting directional movement
• Absorption and stalled auctions
• Weakening momentum
• Thin liquidity moves
• Potential shifts in participation strength
Everex Lite intentionally removes several components from the original implementation to create a cleaner and easier-to-read display. The result is a lightweight tool that focuses on the core Rate of Flow (ROF) model and Signal Line while reducing visual clutter.
Features:
• Simplified Rate of Flow (ROF) calculation
• Optional Line or Histogram display modes
• Configurable Signal Line
• Multiple moving average types (WMA, EMA, SMA, HMA, RMA)
• Optional participation levels
• Clean, lightweight design
This indicator is best used alongside market structure, VWAP, volume profile, support/resistance levels, and Auction Market Theory concepts.
Everex Lite is not designed as a standalone buy or sell signal. Instead, it provides additional context regarding participation and price efficiency to help traders better understand the auction taking place beneath the chart.
Credits:
This indicator is a simplified derivative of the original RedK Everex indicator. Full credit for the original Effort vs Result implementation belongs to RedK.
If you find the indicator useful, please leave a like and share your feedback.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.