A tick data analysis tool that breaks down trading volume into different levels, revealing trading activity from different market participant types and detecting potential volume anomalies.
Explore complementary indicator rolesHow it works
The tick data script analyzes volume on each tick, categorizing trades into seven distinct volume levels ranging from 0-10,000 to over 400,000. It calculates real volume by multiplying volume with closing price and tracks the number of ticks and total volume in each level.
The script identifies potential market participant types by examining volume distribution and highlights trading anomalies, such as green candles with higher sell volume or red candles with higher buy volume
Why it may be useful
Understanding volume distribution helps traders gain insights into market dynamics and participant behavior. By segmenting volume into different levels, traders can identify potential whale movements, small trader activities, and unusual trading patterns.
The anomaly detection feature provides early warnings about potential trend reversals or unexpected market movements. This granular volume analysis can help traders make more informed decisions and understand the underlying market sentiment
When to explore it
This tool is most effective during active trading sessions with significant market movement. It works best for traders seeking detailed volume insights in real-time markets. Ideal for day traders and scalpers who need to understand micro-level trading dynamics.
Particularly useful in volatile markets where volume distribution can provide critical insights. Traders should use this alongside other technical indicators for comprehensive market analysis
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
