The cTrader Volume Surprise Indicator is a specialised tool that detects unusual trading activity by analysing tick volume against historical expectations. It helps traders identify when markets are experiencing statistically significant surges or drops in participation, often signalling institutional involvement or upcoming volatility.
The indicator works by grouping historical volume data by time period — such as hour, day, or month — and then estimating a baseline using either the mean or a chosen percentile (for example, the 95th percentile). When the current volume exceeds the expected threshold, the indicator highlights the deviation visually and, if configured, triggers pop-up alerts or chart arrows.
Its on-chart info panel displays live volume statistics, allowing traders to see how each candle's activity compares to normal conditions. The built-in smoothing system ensures that expected values are stable, avoiding the jagged readings typical of raw volume-based indicators.
This indicator can be used to:
It works best when combined with complementary tools such as RSI, MACD, or ATR, giving a fuller picture of both price momentum and underlying market activity.
Learn more and download from ClickAlgo’s official website:
https://clickalgo.com/volume-surprise
The indicator works by grouping historical volume data by time period — such as hour, day, or month — and then estimating a baseline using either the mean or a chosen percentile (for example, the 95th percentile). When the current volume exceeds the expected threshold, the indicator highlights the deviation visually and, if configured, triggers pop-up alerts or chart arrows.
Its on-chart info panel displays live volume statistics, allowing traders to see how each candle's activity compares to normal conditions. The built-in smoothing system ensures that expected values are stable, avoiding the jagged readings typical of raw volume-based indicators.
This indicator can be used to:
- Confirm breakout strength or exhaustion points.
- Detect accumulation or distribution phases.
- Identify hidden market participation before the price reacts.
It works best when combined with complementary tools such as RSI, MACD, or ATR, giving a fuller picture of both price momentum and underlying market activity.
Learn more and download from ClickAlgo’s official website:
https://clickalgo.com/volume-surprise