Volume Statistics - Intraweek

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Volume Statistics - Intraweek: For Orderflow Traders

This tool is designed for traders using volume footprint charts and orderflow methods.

Why it matters:
In orderflow trading, you care about the quality of volume behind each move. You’re not just watching price; you’re watching how much aggression is behind that price move. That’s where this indicator helps.

What to look at:

* Current Volume shows you how much volume is trading right now.
* Central Volume (median or average over 24h or 7D) gives you a baseline for what's normal volume VS abnormal volume.
* The Diff vs Central tells you immediately if current volume is above or below normal.

How this helps:

* If volume is above normal, it suggested elevated levels of buyer or seller aggression. Look for strong follow-through or continuation.
* If volume is below normal, it may signal low interest, passive participation, a lack of conviction, or a fake move.
* Use this context to decide if what you're seeing in the footprint (imbalances, absorption, traps) is actually worth acting on.

Extra context:

* The highest and lowest volume levels and their timestamps help you spot prior key reactions.
* Second and third highest bars help you see other major effort points in the recent window.

Comment with any suggestions on how to improve this indicator.

7 thg 8

Phát hành các Ghi chú

Updated order of table for better flow

7 thg 8

Phát hành các Ghi chú

Removed Intraweek from table to save space

7 thg 8

Phát hành các Ghi chú

• Updated the table to be more clearly labeled
  
• Added function for time to sync with layout time VS UTC by default