Effort vs Result TRFx

The Effort vs Result (EVR) indicator is designed to identify high-probability reversal signals based on volume and price action dynamics. It highlights points where the market “effort” (high volume) does not correspond to an immediate “result” (price continuation), providing actionable trade setups for both bullish and bearish scenarios.

Features:
Detects bullish EVR signals when a previous high-volume sell candle is followed by a strong bullish candle that sweeps the previous low.

Detects bearish EVR signals when a previous high-volume buy candle is followed by a strong bearish candle that sweeps the previous high.

Sticky arrows plot automatically above or below the candle, ensuring the signal moves with the price bar.

Considers inside bars, wick size, and relative volume to filter low-quality setups.

Fully compatible with multiple timeframes.

Inputs:
Volume Multiplier: Sets how much higher the current candle’s volume should be compared to the previous candle to count as high volume.

Min Wick % of Candle: Minimum wick size relative to the candle body to filter insignificant bars.

Max Inside Bars to Ignore: Number of inside bars between the previous candle and the EVR candle to ignore minor consolidations.

Usage:
(Green Arrow): Enter long when a green arrow appears below the candle. Place stop-loss slightly below the previous swing low.

(Red Arrow): Enter short when a red arrow appears above the candle. Place stop-loss slightly above the previous swing high.

Can be combined with support/resistance levels, trendlines, or other technical indicators for higher accuracy.

Benefits:
Simple and clean visual signals with tiny arrows that move with candles.

Helps traders identify high-probability reversal points based on volume and price action.

Ideal for intraday and swing trading strategies.