Global UI: Volume Ratio Relative

Relative Volume vs Yesterday (same UTC time)

Compares today’s pace of activity with yesterday at the same UTC time-of-day.

Definition

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Compares today's notional volume to yesterday's notional volume at the same UTC time-of-day, which removes distortion from comparing partial days to full days.

Formula & calculation

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(today_volume_since_00:00_UTC / yesterday_volume_until_same_UTC_time) × 100

Units & range

%. 100% means today's pace matches yesterday's pace at the same UTC time.

Interpretation

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High values indicate the market is processing activity faster than it did during the corresponding period yesterday.

Practical usage

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Useful for finding markets that are accelerating relative to their recent daily rhythm rather than just showing a high absolute number.

Common mistakes

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Frequent interpretation traps and misuse patterns to avoid when applying this metric.

  • Using it without an absolute liquidity or notional floor.
  • Treating yesterday as a perfect baseline even when it may have been abnormal.