Richard Wyckoff’s law of effort versus result says that the price move a market produces (result) should be in harmony with the volume (effort) it took. When a big effort produces a small result, or a small effort produces a big result, the market is telling you something. EVEREX turns that idea into a reading you can easily track on your chart, bar by bar.
EVEREX calculates and plots a Relative Rate of Flow line (RROF). Above zero, the flow favors buyers and bulls are in control of the action; below zero, it is the sellers in control. EVEREX Markers show key volume-price analysis patterns: MegaBar, Ease of Move and Compression.
EVEREX does not track trend or price levels. It works best as a secondary, advanced volume-weighted strength layer - which is how it is used in the Tri-View method.
Full details, settings and examples are in the release notes on TradingView: RedK EVEREX (free) · EVEREX Pro · EVEREX Pro Screener.