Info!! Relative Book Update: Gauging Marketplace Grade Participation

Volume is of import inward that it gives us to a greater extent than or less regard of the grade of institutional participation inward marketplace moves. Volume equally good correlates really highly alongside volatility together with hence gives us an regard of how far markets are probable to movement directionally.

One means to lift one's hear whether book is high or depression during the twenty-four threescore minutes catamenia is to compare the book at a given fourth dimension catamenia alongside the average book for that same period. I telephone telephone this relative volume. If relative book is high, nosotros tin human face markets to movement to a greater extent than than average. Low relative volumes render alerts for markets that are probable to hold upwardly wearisome together with rangebound.

Here are the relative book numbers for the ES contract that I purpose for trading this week. These are median volumes over the by 12 amount trading sessions from 2/4 through 2/22. All times are Central Time inward the U.S.A. together with each 15-minute catamenia begins alongside the fourth dimension shown:

8:30 - 136,909
8:45 - 90,226
9:00 - 99, 162
9:15 - 79,342
9:30 - 81,984
9:45 - 64,960
10:00 - 71,259
10:15 - 54,271
10:30 - 63,874
10:45 - 41,411
11:00 - 51,194
11:15 - 48,285
11:30 - 28,964
11:45 - 23,345
12:00 - 38,385
12:15 - 43,116
12:30 - 45,863
12:45 - 42,296
13:00 - 38,460
13:15 - 45,881
13:30 - 55,808
13:45 - 46,632
14:00 - 57,238
14:15 - 49,700
14:30 - 76,879
14:45 - 105,354
15:00 - 107,443

For to a greater extent than on relative book together with its use, delight run across the posts below:

Relative Volume together with Volatility

Using Relative Volume to Trust Market Moves

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