Exhaustion Levels

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!
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact timwest directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact timwest directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.