In progress now Volume spike · Indicator-based · reading down
7 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Wed 12 Jul 2023
Volume spike completed on the candle that closed at Wed 12 Jul 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Volume 7.3× the average of the previous 20 candles (42,367,376 vs 5,778,431), 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 6 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) 3 times of 6 (50%). Median move in the hit's direction +0.46%; best +1.74%, worst -18.65%. Within the window the move typically reached +1.24% in the hit's favour and -3.06% 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 7 hits on this name
- Wed 12 Jul 2023 down Volume 7.3× the average of the previous 20 candles (42,367,376 vs 5,778,431), on a down candle.
- Wed 31 May 2023 down Volume 4.6× the average of the previous 20 candles (17,183,308 vs 3,774,673), on a down candle.
- Fri 11 Nov 2022 up Volume 3.2× the average of the previous 20 candles (9,663,942 vs 3,033,502), on an up candle.
- Tue 19 Apr 2022 down Volume 3.1× the average of the previous 20 candles (20,050,720 vs 6,564,249), on a down candle.
- Mon 04 Apr 2022 up Volume 7.6× the average of the previous 20 candles (34,117,717 vs 4,479,007), on an up candle.
- Wed 04 Aug 2021 up Volume 3.2× the average of the previous 20 candles (9,604,932 vs 2,984,365), on an up candle.
- Mon 12 Jul 2021 down Volume 3.1× the average of the previous 20 candles (6,818,026 vs 2,227,014), on a down candle.