End Of Moove

INDICATOR: END OF MOOVE (EOM)

1. Overview
The EndOfMoove (EOM) is a specialized volatility analysis tool designed to detect market exhaustion and potential price reversals. By utilizing a modified Williams Vix Fix (WVF) logic, it identifies when fear or selling pressure has reached a statistical extreme relative to recent history.

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2. Core Logic & Calculation
The script functions by measuring the "synthetic" volatility created during sharp price drops and momentum shifts.

* Williams Vix Fix (WVF) Logic: It calculates the distance between the current low and the highest close over a specific lookback period (20 bars by default). This creates a volatility spike during market bottoms or rapid corrections.
* Dynamic Normalization: The indicator continuously tracks the Historical Maximum of this volatility over a long window (250 bars).
* Statistical Thresholding: It sets a "Danger Zone" at a specific percentage (75%) of that historical maximum to filter out noise and isolate significant exhaustion events.

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3. Adaptive Intelligence (Detection & Smoothing)
The EOM adapts to different market conditions through its detection engine:

1. Spike Confirmation: To avoid premature entries, the script uses a confirmation window (3 bars). A signal is only "confirmed" if the current volatility spike is the highest within this local window.
2. Variable Smoothing: Traders can apply an internal SMA smoothing to the raw volatility data to filter out erratic price action on lower timeframes.

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4. Visual Anatomy
The interface uses a high-contrast design to highlight institutional exhaustion:

* The Histogram:
* Faded Gray: Represents standard market volatility. The transparency is dynamic; it darkens as volatility rises, signaling a buildup in pressure.
* Bright White: Activates when the volatility crosses the Dynamic Threshold, marking a high-probability exhaustion zone.
* The Threshold Line: A continuous horizontal boundary that represents the 75% of historical max, acting as the "Trigger Line."
* Signal Triangles: A small white triangle appears at the top of the indicator when a Volatility Spike is statistically confirmed.

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5. How to Trade with EndOfMoove
* Spotting Bottoms: Large white columns often coincide with "capitulation" phases. When the histogram reaches these levels, the current downward move is likely overextended.
* Divergence Watch: If price makes a new low but the EOM histogram shows a lower spike than the previous one, it indicates that selling pressure is drying up.
* Volatility Breakouts: A sudden transition from faded gray to bright white suggests an impulse move that is reaching its peak velocity.

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6. Technical Parameters
* WVF Period: Controls the sensitivity of the raw volatility calculation.
* Historical Max Period: Determines the depth of the statistical database (50 to 500 bars).
* Threshold %: Allows the trader to tighten or loosen the "Extreme" zone (set to 75% for balanced results).