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Market Exhaustion
Market Exhaustion fuses Money Flow Index (MFI) and Stochastic RSI into a combined exhaustion panel. Optional JMA smoothing (Jurik Moving Average) smooths both series without lag. Adaptive MFI zones with background highlights dynamically show when values are in the extreme range. An auto-HTF MFI context automatically provides money flow from the next higher timeframe. Regular divergences are detected and visually marked.
Screenshot coming soon
Add a screenshot as public/screenshots/market-exhaustion.webp
Features
Usage: Open the Pine Editor on TradingView, copy the code from the GitHub repository and paste it.
This script is an idea for developing your own Pine Script indicators. It does not constitute investment advice and serves exclusively as technical learning material. Use at your own risk.
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