A real-time indicator that detects abnormal purchase volume spikes, helping traders identify potential large player (whale) trading activity in the market.
Explore complementary indicator rolesHow it works
The Whale Buy Activity Detector analyzes purchase volume by comparing current buying volume against a calculated average over a specified lookback period. It uses a volume threshold parameter to determine when purchase volume becomes abnormally high, typically set at 2.0 times the average volume.
The indicator calculates the average buy volume using a user-defined lookback period, which can range from 1 to multiple candles. When the current buy volume exceeds the predefined threshold, the indicator marks the candle, signaling potential whale trading activity.
Why it may be useful
This indicator provides traders with insights into significant market movements potentially driven by large investors or institutional traders. By identifying abnormal volume spikes, traders can gain early warnings about potential trend changes or substantial market interest in a particular asset.
Detecting whale activity can help traders make more informed decisions, understand market sentiment, and potentially anticipate price movements before they become widely recognized. It offers a unique perspective on market dynamics that goes beyond traditional price analysis.
When to explore it
The Whale Buy Activity Detector is most effective in markets with significant institutional participation and liquid assets. It works best in volatile markets where large players can create meaningful price movements through their trading activities.
Traders can adjust the volume threshold based on market conditions, using higher thresholds in highly volatile markets and lower thresholds in more stable market environments. It is particularly useful for traders seeking to align their strategies with potential large-scale market movements.
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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.
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