Exhaustion Levels

Exhaustion Levels is an indicator designed to wait for an extreme overbought or oversold condition which then weakens in strength. The indicator flashes a yellow top-half-triangle for potential tops and a yellow bottom-half-triangle for potential bottoms.

Extreme levels of overbought can also be continuation signals if the market disregards the price level by rallying beyond the level. The same for sells. If the extreme oversold condition doesn't hold, then the decline will likely continue.

There are settings that allow you to adjust the sensitivity to the market. The indicator can be made to have extreme or normal sensitivity.

Many thanks to Vollchaot for writing the code for this indicator and for Key Earnings Levels, Key High Volume Levels, and Key VIX Levels. Thanks Johannes for a great job!