Price moved. But how clean was that move? 🤔
Smart Trader, SNIF-OFF 5.1, Trade Finder
tradingview.com/script/EDyXs…
On a classic chart you judge by candle size. Tall candle = strong move, short candle = weak move. But is that always true?
A candle can travel a wide range yet close near its open — noisy, indecisive. Another candle can travel a smaller range yet close at the extreme — clean, decisive.
The real question is not how far a candle moved, but how much of that movement converted into net directional progress.
I built a system to measure this mathematically. The Efficiency Module.
How it works 👇
The system calculates each candle’s total movement opportunity (volatility), then measures what fraction was converted into net directional movement. The result is shown as a percentage.
But a single percentage is not enough. The system evaluates across three dimensions:
1. Adaptive Percentile Ranking — Current efficiency is automatically compared against recent history. No fixed thresholds. Self-tunes per instrument and timeframe.
2. Trend Coupling — Is that same high efficiency supporting the trend or opposing it? 19 distinct states defined. From Bull Surge to Strong Counter.
3. Momentum — Is short-term quality average overtaking the long-term average? Accelerating, Sharpening, Steady, Fading.
Result: not just “price went up”, but “the rally is clean, decisive and accelerating” or “the rally is noisy, weak and fading” — with structural evidence.
Want to try it? DM me for a free 14-day trial.
Share your ideas simply, without thinking about any classic indicator. Innovation requires forgetting the old. đź’ˇ
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