Smart Scanners › Volume and spread

Climax

A wide-spread bar on ultra-high volume that closes away from its own extreme. Tom Williams' buying and selling climax.

What it looks like on a chart

A mark under the bar. No level.

Settings, as they are actually applied on each timeframe. A dash means this scanner emits no settings string. Where a number differs by timeframe, that is a span of chart time resolved into bars.
Timeframe	Bars of history it reads	Settings	Events, last 30 days
M15	120	—	245
M30	120	—	141
H1	120	—	75
H4	120	—	10
D1	120	—	1

No Demand the quiet case: an up bar on volume lower than the two before it
Stopping Volume the same abnormal volume at a window low, closing mid-range or better
Effort without result high volume with a narrow spread instead of a wide one
Volatility outlier the plain size reading of a bar like this, against what this hour usually prints