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Market Efficiency Indicator

The indicator detects market efficiencies and inefficiencies by studying price movements and marks candles where the best efficiencies occurred. The most 'efficient' candles are indicated with a vertical bar histogram. Taller bars represent these candles. The highs and lows of these candles are supply and demand areas, important levels that will be retested in the future. It can be used on all time frames with the same settings.
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Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm that momentum is increasing and so the trend is likely to continue. Vice versa for a downtrend. Divergence is when we get higher highs on an uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. I have combined these me
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PZ TRADING SLU
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