PipTick Effort Index

PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the price change (Result) to the size of the volume (Effort) for a certain period. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to a scale of 0 – 100 % based on a selectable look-back period.

The Law of Effort and Result

The law of effort vs. result states that the change in the price of a trading vehicle is the result of an effort expressed by the level of volume and that harmony between effort and result promotes further price movement while lack of harmony promotes a change in direction.

Main Features

Input Parameters

Output Parameters

Screenshots

Purchase

All our products are available in the MQL5 market.

MT4 version

Buy PipTick Effort Index MT4 customer indicator in the store selling algo trading systems

MT5 version

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