Marking Maximum- and Minimum-Volume Candles Over a Lookback Period

Summary

This document describes a chart indicator that identifies the candlesticks with the highest and lowest volume within a user-selected lookback period. Its sole input is the period used for the calculation, so the marked bars change as the window changes.

The note provides no trading rules, backtest, or evidence that these volume extremes predict price movement. It is a basic visualization aid; traders would need to define how to interpret the marked candles and test any resulting strategy independently.

Key ideas

• The indicator marks the candles with maximum and minimum volume in a selected period.
• The lookback period is its only stated input.
• The document gives no evidence that the markings predict returns or improve trading results.

Tags

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