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PipTick Effort Index MT4


The PipTick Effort Index indicator is based on the work of spread trader Karthik Marar. The indicator compares the price change (result) with the volume (effort) for a certain period of time. By comparing the result with the effort, we can get more information about the future price movement. Both values are normalized and converted to a scale from 0 to 100% based on the selected history period.

The Law of Effort and Result

According to the law, the change in the price of a trading asset is the result of an effort expressed by the volume level. The harmony between effort and result contributes to the further movement of the price, while the lack of harmony contributes to a change in direction.

  • The indicator compares price changes (result) and volume (effort)
  • Works on any timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN)
  • Ready for testing on history (configurable parameter Sessions_Back)
  • Customizable parameters (colors, line widths, etc.)
  • Very fast calculations
  • Available for MetaTrader 4 and MetaTrader 5

  • Volume_Method – real or tick volume
  • Effort_Index_Period – indicator period
  • MA_Method – choose between SMA, SMMA, LWMA and EMA
  • MA_Period – the calculation period of MA
  • Line_Thickness – line width
  • Histogram_Thickness – width of the histogram
  • Color_Average – the color of the average histogram
  • Color_Result – color of the price histogram change
  • Color_Effort – color of the histogram volume

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  • Result – the value of the price histogram change
  • MA_Result – the value of the average price change
  • Effort – the value of the volume histogram
  • MA_Effort – the value of the average volume


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