CVD Proxy 20Microstructure

Timeframe M1 · unit norm

What it measures

Cumulative signed volume over the last 20 bars, normalised by total volume into a −1 to +1 range. Each bar's volume is tagged as buyer-driven (close ≥ open) or seller-driven, then accumulated.

How Janira reads it (bullish vs bearish)

Values near +1 indicate persistent buyer dominance across the window; values near −1 indicate seller dominance. Values in ±0.1 suggest neither side has clear control.

In plain language

Imagine counting every purchase and every sale over the last 20 minutes and comparing the totals. A score of +0.8 means buyers have been clearly in charge; −0.8 means sellers have been.

Scenarios

• CVD near +1: buyers absorbed the last 20 bars at higher-than-average commitment - flow has been one-directional upward.
• CVD near −1: persistent selling pressure dominated the window; offer side was well-supplied.
• CVD oscillating ±0.1: neither buyers nor sellers could sustain dominance - typical of a lateral consolidation phase.
• CVD crossing zero after a trend: the balance of signed volume just flipped, signalling a potential change in participation direction.

More microstructure indicators

Janira computes CVD Proxy 20 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.