Comparing Volume in a Chosen Time Window with the Prior Day

Summary

Range Volume Change accumulates traded volume during a user-selected time window and compares it with the volume recorded in the same window on the previous day. The default window is premarket, but the session input lets users examine another interval. Columns show the accumulating volume, and a percentage label reports the comparison once the window is complete; during live data, the displayed change updates as volume arrives. An optional setting adds a similar comparison for volume outside the selected interval, and weekday controls let users exclude chosen days.

This can help traders see whether activity is running ahead of or behind the prior day at comparable points in a session. The document describes the indicator’s behavior and gives a cryptocurrency example, but it offers no statistical validation or evidence that volume changes predict returns. Comparisons require suitable intraday volume data and consistent session definitions; a percentage change alone does not establish direction, cause, or a trading edge.

Key ideas

• The indicator compares accumulated volume in a selected interval with the prior day’s volume for that interval.
• Its default window covers premarket, while users can choose another session period.
• An optional display compares volume outside the chosen window as well.
• Live labels update as current volume accumulates, while historical labels show completed comparisons.
• The volume comparison is descriptive and is not shown to predict price moves.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.