Definition
#Measures how close current price is to the nearest previous complete UTC day HVN area, ignoring whether price is above or below that area.
Formula & calculation
#Use the signed Nearest Previous Day HVN Distance calculation, then apply
abs(signed_distance).Units & range
%. 0 means price is inside the nearest HVN area. Higher values mean farther away, regardless of side.
Interpretation
#This is the cleanest filter for finding coins close to prior high-volume node areas.
Practical usage
#Use
lte 0.50 to scan for near-HVN setups without caring whether price approaches from above or below.Common mistakes
#Frequent interpretation traps and misuse patterns to avoid when applying this metric.
- Using absolute distance when direction around the HVN matters.
- Reading HVN proximity as a trade signal without live activity confirmation.
- Forgetting that the nearest HVN can change as price moves.