![Volume X-ray [LucF] chart preview](/_next/image?url=%2Fmedia%2Ffull%2F26274.png&w=3840&q=90&dpl=dpl_Jt27hmzh6tNsGuJ13vyBBWgv8XSW)
Volume X-ray is a specialized tool that compares intraday and end-of-day volume data, helping traders understand volume reporting discrepancies across different financial instruments.
Explore complementary indicator rolesHow it works
The indicator analyzes volume data from two different feeds: intraday and end-of-day (EOD). It calculates the proportion of volume reported on the intraday feed compared to the EOD feed for each trading day.
The script plots both volumes, with EOD volume displayed as a teal area and intraday volume as an orange line. A cumulative average percentage is shown in the upper-right corner, with color-coded background indicating the proportion of intraday to EOD volume
Why it may be useful
Understanding volume data quality is crucial for making informed trading decisions. Different data providers and exchanges may report volume differently, which can significantly impact trading strategies.
This tool helps traders identify potential discrepancies in volume reporting across various financial instruments. By revealing variations between intraday and EOD volume, traders can gain insights into the reliability and comprehensiveness of their volume data
When to explore it
Use this indicator when trading instruments where volume reporting might vary significantly between intraday and EOD feeds. It is particularly useful for stocks, futures, and other complex financial instruments.
Traders should apply this tool when they want to understand the nature of volume data they are using. It is most effective on 1-day charts and can help identify potential anomalies in volume reporting across different markets and instruments
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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.
