TradingView indicator · Free
Study when a trend is running out.
Trend Exhaustion combines two money-flow oscillators with the position of the close within the candle. When the reading crosses an extreme band, buying or selling pressure is stretched. It is a study tool, not a buy or sell signal.
- Free and open source: you copy the code and paste it into TradingView.
- Works on any TradingView chart, without depending on a broker's platform.
- It is calculated on the closed candle; alerts only fire once confirmed.
What it measures
Three pieces, one line
Fast flow (8 candles)
Compares the volume of the candles that rise against those that fall, on the candle's average price. It reacts quickly to a push.
Slow flow (20 candles)
The same idea on the close and with more memory. It filters part of the fast flow's noise.
Close position
Where the candle closed within its range, from -1 to +1. A close near the high adds; near the low subtracts.
How to read it
Bands to study, not orders
The default bands are 80 and 20, and they can be changed in the indicator's settings.
The line crosses above the 80 band
Buying pressure is stretched. It is a reason to review the chart's structure and context; it does not mean the price will fall.
The line crosses below the 20 band
Selling pressure is stretched. Same approach: context first.
Between the bands, especially near 50
Neutral zone. The indicator adds little there; it is better not to force readings.
Limits
What the indicator is not
- It is not a buy or sell signal nor a trading system.
- It does not predict price: it describes volume pressure that has already happened.
- In forex, the volume TradingView shows is tick volume and depends on the data provider; results can vary between symbols.
- An extreme band can persist for a long time in a strong trend. Test it on demo first and note when it worked and when it did not.
Installation
How to put it on your chart
- 01
Open the Pine Editor
In TradingView, open a chart and go to "Pine Editor" at the bottom.
- 02
Paste the script
Delete what is there, paste the full script and press "Add to chart". It compiles on its own.
- 03
Set up alerts (optional)
Bell → condition "Trend Exhaustion (v6 port)" → choose the upper band or lower band alert.
- 04
Save it
Press "Save" to keep it in your list of indicators.
Free script
Sign up and copy the script
Name, email and WhatsApp. When you sign up the full code opens right here, and we will write to you if you need help installing it.
- Full Pine Script v6 code
- A one-click copy button
- No cost and no commitment to open an account
Risk Warning: Your capital is at risk.
Frequently asked questions
What everyone asks
Is it a buy or sell signal?
No. Arco does not give signals or recommendations. The indicator is a tool to study volume pressure.
Do I need a paid TradingView account?
The indicator is a Pine script that you paste into TradingView's Pine Editor. How many indicators per chart your plan allows is set by TradingView; check on its site.
Does it work with any broker?
It lives on TradingView, not on a broker's platform, so it works on any TradingView chart.
Does it repaint?
Values are calculated on the closed candle and alerts only fire once the candle is confirmed.
The free script is a Pine v6 adaptation of the "Trend Exhaustion" indicator published by offshoredude as open source. TradingView is a trademark of TradingView, Inc.; Arco has no relationship with TradingView.
Try it on demo before trusting it.
An indicator is useful if you understand what it measures and when it fails.