In progress now Volume spike · Indicator-based · reading down
10 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Wed 09 Oct 2024
Volume spike completed on the candle that closed at Wed 09 Oct 2024, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Volume 7.2× the average of the previous 20 candles (65,270,372 vs 9,050,855), 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 9 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) 5 times of 9 (56%). Median move in the hit's direction +0.04%; best +2.98%, worst -13.05%. Within the window the move typically reached +3.14% in the hit's favour and -3.80% against it.
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 10 hits on this name
- Wed 09 Oct 2024 down Volume 7.2× the average of the previous 20 candles (65,270,372 vs 9,050,855), on a down candle.
- Fri 06 Sep 2024 down Volume 3.9× the average of the previous 20 candles (17,877,620 vs 4,553,662), on a down candle.
- Tue 04 Jun 2024 down Volume 3.8× the average of the previous 20 candles (20,331,655 vs 5,413,764), on a down candle.
- Tue 23 Jan 2024 down Volume 3.5× the average of the previous 20 candles (19,506,655 vs 5,583,752), on a down candle.
- Tue 04 Jul 2023 down Volume 10.9× the average of the previous 20 candles (96,046,779 vs 8,801,584), on a down candle.
- Mon 03 Jul 2023 up Volume 3.4× the average of the previous 20 candles (26,205,943 vs 7,635,229), on an up candle.
- Thu 04 May 2023 down Volume 3.1× the average of the previous 20 candles (18,627,335 vs 5,920,621), on a down candle.
- Tue 02 May 2023 up Volume 3.9× the average of the previous 20 candles (19,908,135 vs 5,058,818), on an up candle.
- Thu 02 Feb 2023 up Volume 6.6× the average of the previous 20 candles (52,283,646 vs 7,910,078), on an up candle.
- Wed 12 Oct 2022 up Volume 3.4× the average of the previous 20 candles (30,427,628 vs 9,004,901), on an up candle.