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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.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。