In progress now Volume spike · Indicator-based · reading down
23 hits in 271 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 31 May 2021
Volume spike completed on the candle that closed at Mon 31 May 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Volume 5.3× the average of the previous 20 candles (39,419 vs 7,483), on a down candle.
What this pattern is taken to mean
One candle traded many times the recent average volume. Read as attention arriving; the candle's colour says which way it leaned.
What followed on this name's own record
After 19 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 9 times of 19 (47%). Median move in the hit's direction -2.30%; best +33.33%, worst -40.00%. Within the window the move typically reached +8.41% in the hit's favour and -8.05% against it. On this name that is a coin toss.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · times = 3, candles = 20
- Average the volume of the previous M candles (those that reported one).
- The pattern completes when this candle's volume ≥ times × that average.
- Direction is the candle's own: up if it closed above its open, down if below, neutral if flat.
The last 12 hits on this name
- Mon 31 May 2021 down Volume 5.3× the average of the previous 20 candles (39,419 vs 7,483), on a down candle.
- Wed 12 May 2021 neutral Volume 3.7× the average of the previous 20 candles (19,418 vs 5,278), on a flat candle.
- Tue 11 May 2021 up Volume 4.0× the average of the previous 20 candles (18,949 vs 4,716), on an up candle.
- Mon 10 May 2021 up Volume 3.5× the average of the previous 20 candles (14,572 vs 4,124), on an up candle.
- Wed 28 Apr 2021 down Volume 3.7× the average of the previous 20 candles (11,674 vs 3,142), on a down candle.
- Tue 27 Apr 2021 down Volume 4.3× the average of the previous 20 candles (11,667 vs 2,701), on a down candle.
- Mon 22 Mar 2021 up Volume 4.9× the average of the previous 20 candles (17,022 vs 3,505), on an up candle.
- Mon 28 Dec 2020 up Volume 3.8× the average of the previous 20 candles (15,417 vs 4,043), on an up candle.
- Fri 04 Dec 2020 down Volume 3.0× the average of the previous 20 candles (8,040 vs 2,670), on a down candle.
- Thu 19 Nov 2020 up Volume 3.0× the average of the previous 20 candles (7,678 vs 2,550), on an up candle.
- Wed 18 Nov 2020 down Volume 3.9× the average of the previous 20 candles (9,160 vs 2,355), on a down candle.
- Tue 17 Nov 2020 down Volume 3.8× the average of the previous 20 candles (8,760 vs 2,299), on a down candle.