Exhaustion Detector
New low, but nobody left to sell it: the volume taper that marks an exhausted move.
Chart overlay · Intraday and daily · Liquid futures, stocks and ETFs
What it shows
- A long marker when price makes a new low, volume dries up at that low, and the bar closes back up through its body.
- The mirrored short marker at fresh highs.
- A minimum-volume filter so dead tape never fakes a reading.
How it reads the market
Exhaustion is a specific sequence: a push to a new extreme, almost no business done at that extreme, and a close that gives it back. Any one alone is noise; the three together mark the spot where one side ran out. This study checks all three on every bar.
Settings
| Setting | Default | What it does |
|---|---|---|
| New-extreme lookback | 20 bars | How fresh the high or low must be. |
| Taper threshold | 12% | Max share of volume at the extreme for it to count as dried up. |
| Body minimum | 30% of range | The close-back-through requirement. |
Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.
Built-in alerts
- Long exhaustion
- Short exhaustion
Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.
Comes with the membership
The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.
Founding offer: 50% off the first year, 6 days left.
Get full accessHow to add it to your chart
- Request access above with your TradingView username (one request covers the whole suite).
- We grant it on TradingView, usually within 24 hours; TradingView notifies you.
- On your chart, open Indicators → Invite-only scripts and add Exhaustion Detector.
Volume placement is approximated from lower-timeframe data; granularity depends on your TradingView plan.