PROTECTED SOURCE SCRIPT
Execution Volume Index – ThorenFX | Trinity Traders

Execution Volume Index (EVI) – ThorenFX | Trinity Traders
The Execution Volume Index (EVI) by ThorenFX Labs measures real market execution activity — revealing how many buy and sell orders are actually being executed, not just how price moves.
It helps traders identify true participation, showing when the market is quiet and when real money (smart money) is active.
🔍 Core Logic:
When gray bars appear → the market is quiet or accumulating, showing low public interest.
When colored histograms appear → real execution volume is active (either buy or sell aggression).
The indicator uses dual QQE-based logic and volume compression to detect market participation strength.
🎨 Color Interpretation:
Color Meaning Signal Type
🔵 #00c3ff Strong Buy Execution – institutional or high-volume buy aggression Strong Buy
🟢 #81c784 Mild/Aggressive Buy – moderate or early buy participation Moderate Buy
🔴 #ff0062 Strong Sell Execution – institutional or heavy sell orders Strong Sell
🟠 #ffb74d Mild/Aggressive Sell – moderate or early sell participation Moderate Sell
⚪ #707070 Quiet Market Zone – low public participation / accumulation Neutral
💡 Trading Idea:
Best setups often form when the market shows low participation (gray zone) — where the crowd is quiet and volatility is low.
Entry during quiet periods allows you to position before strong execution activity (colored bursts) confirms the trend.
⚙️ Indicator Type:
Volume & Execution Activity Visualizer
Based on Dual QQE Logic + Bollinger Compression
💰 Access & Licensing:
✅ Free to Use for All Traders
Code remains private but can be freely applied on any chart.
🧠 Note:
No indicator is 100% accurate — it’s all about understanding the logic behind the signals.
Developed & Published by:
ThorenFX Labs by Trinity Traders
📧 Contact: shubhampk1000@gmail.com
© 2025 ThorenFX Labs | All Rights Reserved
The Execution Volume Index (EVI) by ThorenFX Labs measures real market execution activity — revealing how many buy and sell orders are actually being executed, not just how price moves.
It helps traders identify true participation, showing when the market is quiet and when real money (smart money) is active.
🔍 Core Logic:
When gray bars appear → the market is quiet or accumulating, showing low public interest.
When colored histograms appear → real execution volume is active (either buy or sell aggression).
The indicator uses dual QQE-based logic and volume compression to detect market participation strength.
🎨 Color Interpretation:
Color Meaning Signal Type
🔵 #00c3ff Strong Buy Execution – institutional or high-volume buy aggression Strong Buy
🟢 #81c784 Mild/Aggressive Buy – moderate or early buy participation Moderate Buy
🔴 #ff0062 Strong Sell Execution – institutional or heavy sell orders Strong Sell
🟠 #ffb74d Mild/Aggressive Sell – moderate or early sell participation Moderate Sell
⚪ #707070 Quiet Market Zone – low public participation / accumulation Neutral
💡 Trading Idea:
Best setups often form when the market shows low participation (gray zone) — where the crowd is quiet and volatility is low.
Entry during quiet periods allows you to position before strong execution activity (colored bursts) confirms the trend.
⚙️ Indicator Type:
Volume & Execution Activity Visualizer
Based on Dual QQE Logic + Bollinger Compression
💰 Access & Licensing:
✅ Free to Use for All Traders
Code remains private but can be freely applied on any chart.
🧠 Note:
No indicator is 100% accurate — it’s all about understanding the logic behind the signals.
Developed & Published by:
ThorenFX Labs by Trinity Traders
📧 Contact: shubhampk1000@gmail.com
© 2025 ThorenFX Labs | All Rights Reserved
Mã được bảo vệ
Tập lệnh này được đăng dưới dạng mã nguồn đóng. Tuy nhiên, bạn có thể tự do sử dụng tập lệnh mà không có bất kỳ hạn chế nào – tìm hiểu thêm tại đây.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Mã được bảo vệ
Tập lệnh này được đăng dưới dạng mã nguồn đóng. Tuy nhiên, bạn có thể tự do sử dụng tập lệnh mà không có bất kỳ hạn chế nào – tìm hiểu thêm tại đây.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.