TradeFinder for Bookmap

Volume Spikes

Volume Spikes are clusters of large orders (Volume accumulation) that are executed in a certain amount of time through a definable set of ticks.

They are defined by time (t), price in ticks (p), and the traded volume (v). The ratio calculates the traded market volume against BID and ASK. The result is a ratio that defines which side has traded more contracts.

TradeFinder draws Volume Spikes signals in real time based on predefined signal filters, which can be adjusted individually to fit any instrument. The Volume Spike signal must be set individually for each traded instrument based on its respective average liquidity and average volume measurements. To assist with fine-tuning the settings, TTW-LiquidityTracker is equipped with a unique Current Average Liquidity meter and Current Average Volume meter.

Volume Spikes in TradeFinder
In this example, 420 buys and 150 sells were accumulated during the specified duration.

Example

Volume Spike example
The Volume Spike signals an accumulation of 2076 sell orders and 348 buy orders that traded 14 price levels and has a ratio of 6 (rounded 2076 divided by 348).

Schematic

Volume Spike principle
Volume Spikes are defined by time, price and traded volume.

Signal attributes

The professional view of the Volume Spike shows a couple of specific attributes:

  • Price level where the Volume Spike occured
  • P: The Volume Spike price change in ticks, pips, or cents.
  • R: Rounded ratio between market Bid and Ask. These values help determine a stop run’s “integrity” or “value”.
  • Volume of market bid and market ask

Settings

Volume Spike settings
Volume Spike settings in TTW-MarketExplorer
Enable Checkbox
Enable the checkbox to enable Volume Spike Signals on the trading chart.
Trigger Volume
The selected value filters the traded market volume. Volume size depends on the volume and liquidity of the respective instrument. (Refer to “Average Volume / Liquidity“).
Maximum Duration
Maximum time, in seconds, for which the “Trigger Volume” must be transacted.
Price Range
Set the ratio for market traded Bid and Ask volume.
A ratio greater / equal
A minimum number of ticks, pips, or cents that price must trade through to trigger the signal. The ratio calculates the traded market volume against BID and ASK. The result is a ratio that defines which side has traded more contracts. See the volume spike sketch above.
Design and Layout
Click on the “Edit”-Button to change the design, symbol, color, transparency, layout, position on the chart, and size of the signals on the chart. If you choose the design style “professional”, you will get additional information.
Alert Sound (Live Trading only, not available in Replay)
The audio signal sounds when a Volume Spike occurs and meets the defined conditions.
Send Telegram Notifications (Live Trading only, not available in Replay)
Enabled / Disabled allows you to notify the messenger service “Telegram”.