BITCOIN VOLUME INDICATORS

What are trading volume indicators?

Volume adds information about how much trading happened. Some indicators assign candle volume using a price rule, while candle-based VWAP estimates a volume-weighted price. Its trade-weighted variants use actual quote volume. Those methods should not be mistaken for one another.

How should I use them together?

These readings cover the Maketo combined spot market. Missing volume stays missing; the page does not manufacture a zero or estimate trade-side direction from a candle’s color.

Why does one chart sit in two groups?

8 of these 9 charts also sit in another group, because one formula can answer more than one question.

Choosing between Bitcoin trading volume indicators

Trading volume counts Bitcoin exchanged in the covered market. Every completed trade has two sides; total volume alone does not reveal which side initiated it. The tools below add different price rules or actual trade-direction inputs. Their names can sound similar while their assumptions differ substantially.

A closing-price rule versus location within a candle

OBV adds or subtracts the entire candle volume according to whether its close is above or below the previous close. Chaikin Money Flow uses the close’s position within the candle high-low range. A candle can close lower than yesterday but near today’s high, making the two methods assign different signs. Neither is a direct count of initiated trade direction. On-Balance VolumeChaikin Money Flow

An average price versus trading intensity

VWAP weights prices by volume; relative volume compares a candle’s volume with its recent average. A high-volume candle can leave VWAP nearly unchanged if it trades near that average price. Conversely, a smaller amount traded far away can move the reference. Read both the volume amount and the distance from the average. VWAPTrading Volume

Price-change size versus a positive or negative close

Volume Price Trend multiplies volume by percentage price change and accumulates the result. Force Index multiplies volume by the dollar change before smoothing it. Their different price units matter when comparing widely separated Bitcoin price levels. A large dollar-valued Force reading is not directly comparable across every era. Volume Price TrendForce Index

Before comparing the readings

A zero volume observation means a complete candle recorded no volume. Missing volume means the input is unavailable; it must not become zero. Candle-based signed-volume tools remain separate from Cumulative Volume Delta, which requires reconciled, complete trade-direction data before publication.

Where do the numbers come from?

Maketo reads one combined Bitcoin spot market and calculates every formula itself, on completed candles. The candle boundaries, the defaults and the rules behind each dial are written out in the methodology.