Hambone's Abnormal Volume is a specialized tool designed to identify abnormal trading volume during non-peak trading sessions. Originally built for personal use, this volume indicator focuses on detecting significant volume spikes during the London, Tokyo, and Sydney sessions, where futures volume is typically much lower compared to the New York session. This makes it a valuable tool for traders looking to spot unusual market activity in times of lower liquidity.
Hambone's Abnormal Volume is designed to catch volume anomalies that exceed the standard deviation of volume during the London, Tokyo, and Sydney sessions. When abnormal volume is detected, a red or green X (or cross) is plotted above the bar, indicating a potential bearish or bullish volume spike on that candle. The volume bars also change color based on whether the volume is predominantly being interpreted as bid-side or ask-side volume, providing additional context to market activity.
To provide flexibility in volume analysis, Hambone's Abnormal Volume allows users to choose from six different types of moving averages to fine-tune how volume data is calculated:
This customization allows traders to adapt the indicator to their preferred style, giving them more control over the signals they receive.
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Disclaimer: All indicators and tools provided by Oink Opulence Endeavors LLC are for educational and informational purposes only. Trading involves significant risk of loss and is not suitable for all investors. None of the indicators or tools provided constitute financial advice, and no specific results are guaranteed. Oink Opulence Endeavors LLC carries zero responsibility for any losses incurred through the use of any of its indicators, tools, or strategies. Always conduct thorough research and consult a licensed financial professional before making any trading decisions. Use these tools at your own risk.