Close Velocity 5Microstructure

Timeframe M1 · unit %

What it measures

Mean bar-to-bar percentage change in the closing price over the last 5 bars. Measures the average speed at which price is moving - positive for upward drift, negative for downward.

How Janira reads it (bullish vs bearish)

Positive: price has been drifting up on average. Negative: price has been drifting down. Magnitude indicates pace - larger absolute values mean faster movement.

In plain language

Imagine tracking your car's average speed over the last 5 minutes, but for price instead of distance. Positive velocity means you are on average going uphill; negative means downhill.

Scenarios

• Velocity above +0.05%/bar: price is climbing at a meaningful average pace - active upward participation across recent bars.
• Velocity below −0.05%/bar: price is declining at a meaningful pace - sellers are consistently pushing closes lower.
• Velocity near zero despite large bar ranges: the bars are active but alternating direction - there is noise without net drift.
• Velocity decelerating after a move: the pace of the prior directional push is slowing - momentum fading.

More microstructure indicators

Janira computes Close Velocity 5 deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.