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Please add the Exhaustion prints indicator

Exhaustion prints indicate weakness. In an up trend we would like to see a good amount of contracts traded at the high, while in a downtrend we would like to see a good amount of contracts traded at the low. If this is not the case and we see only a small amount of volume at the high in an uptrend, or at the low in a downtrend then this indicates weakness or exhaustion. The trend might come to an end or go into a consolidation area

RULES:
Bearish exhaustion prints:
- red candle with (almost 0 or 0) no volume at the ask at the high of the bar

Bullish exhaustion prints:
- green candle with (almost 0 or 0) no volume at the bid at the low of the bar

By default the threshold for the exhaustion print is set to 0. So any cell at the high or low with a volume less of 1 will be marked as an exhaustion print.

Of course we can customize the threshold, colors and you can even extend the threshold into the next bars or until broken.

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Comments1

  • nookie

    •

    Dec 29, 2024

    screenshot example