Vein Exhaustion

Vein Exhaustion measures exhaustion on multiple levels: temporal overextension (too many bars in one direction), price overextension (ATR-normalized distance), order flow proxy and volatility behavior. Bull and Bear scores are calculated separately to correctly capture directional asymmetry. The indicator detects specific events like absorption, capitulation and distribution, cycling through four states (NORMAL, STRETCHED, EXHAUSTED, EXTREME). This identifies exhaustion earlier than pure price-structure indicators.