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Volume Statistics - Intraweek

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Volume Statistics - Intraweek: For Orderflow Traders

This tool is designed for traders using volume footprint charts and orderflow methods.

Why it matters:
In orderflow trading, you care about the quality of volume behind each move. You’re not just watching price; you’re watching how much aggression is behind that price move. That’s where this indicator helps.

What to look at:

* Current Volume shows you how much volume is trading right now.
* Central Volume (median or average over 24h or 7D) gives you a baseline for what's normal volume VS abnormal volume.
* The Diff vs Central tells you immediately if current volume is above or below normal.

How this helps:

* If volume is above normal, it suggested elevated levels of buyer or seller aggression. Look for strong follow-through or continuation.
* If volume is below normal, it may signal low interest, passive participation, a lack of conviction, or a fake move.
* Use this context to decide if what you're seeing in the footprint (imbalances, absorption, traps) is actually worth acting on.

Extra context:

* The highest and lowest volume levels and their timestamps help you spot prior key reactions.
* Second and third highest bars help you see other major effort points in the recent window.

Comment with any suggestions on how to improve this indicator.
Versionshinweise
Updated order of table for better flow
Versionshinweise
Removed Intraweek from table to save space
Versionshinweise

  • Updated the table to be more clearly labeled
  • Added function for time to sync with layout time VS UTC by default

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