Volume Oscillator (5 vs 20 SMA, %)Volume

Timeframe M1 · unit %

What it measures

The Volume Oscillator computes the percentage difference between a short (5-bar) and long (20-bar) simple moving average of volume. It captures whether recent volume is running above or below its own recent baseline.

How Janira reads it (bullish vs bearish)

Positive values mean recent volume is elevated relative to the 20-bar average - participation is expanding. Negative values mean recent volume is shrinking. The absolute level tells you how unusual the current volume is.

In plain language

Think of this as comparing this week's foot traffic in a store to the monthly average. A big positive number means unusually busy (lots of trading activity); a negative number means quieter than usual.

Scenarios

Volume oscillator strongly positive (>20%): volume is running well above the baseline, often associated with breakout attempts or news-driven moves.
Volume oscillator negative: the market is in a low-participation phase; moves on low volume are less reliable.
Volume oscillator turning from negative to positive on a directional price move: expanding participation confirms the directional move.
Volume oscillator spiking without a corresponding price move: volume energy is present but being absorbed, a potential consolidation signal.

More volume indicators

OBV Slope (10-bar, normalized)Chaikin Money Flow (20-bar)Money Flow Index (14-bar, centred)Force Index (13-bar EMA, normalized)VWAP Distance (%)Accumulation/Distribution Slope (10-bar, normalized)Ease of Movement (14-bar EMA, normalized)Volume Price Trend Slope (10-bar, normalized)

Janira computes Volume Oscillator (5 vs 20 SMA, %) 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.