Lower-Timeframe Volume Splits, Activity, and Anomaly Highlights

Summary

This indicator decomposes lower-timeframe volume inside each chart bar into buying and selling categories. Direction is inferred from whether a selected price source rises or falls compared with its prior value; “active” volume further requires volume to exceed the previous lower-timeframe bar. Users can select lower timeframes according to the chart timeframe, choose the volume symbol, and display raw or moving-average-relative totals. The indicator derives directional shares, flags dominant buy or sell volume, and identifies disagreement between the active and total-volume splits.

Optional highlights combine volume conditions with candle patterns such as closes, reversals, or range expansions, and alerts can be set for individual or grouped anomalies. These measures are proxies based on price direction and relative volume, not direct records of buyer- or seller-initiated trades. The document provides configurable calculations and visualization behavior but no trading performance evidence. Lower timeframe choices also involve a precision and historical-data tradeoff, and the interpretation of anomalies depends on market context.

Key ideas

• Lower-timeframe bars are summed to estimate buy and sell volume within each chart bar.
• Volume direction is assigned by comparing a chosen price source with its previous value.
• Active volume requires both the assigned direction and higher volume than the preceding lower-timeframe bar.
• Directional shares and active-versus-total disagreement support configurable anomaly highlighting and alerts.
• The volume categories are inferred proxies, and the document reports no strategy test results.

Tags

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