Learn · Market analysis 6 min read Reviewed

Advanced Volume Analysis: Read OBV, A/D and Phase Labels

Learn how to inspect price-volume phases, delivery context and evidence scores without treating model labels as proof of institutional activity.

What this tool helps you investigate

Use advanced volume analysis to shortlist stocks whose price, volume and delivery inputs resemble a particular phase, then inspect the supporting observations. It combines several views rather than relying on one volume spike.

OBV signs volume by price direction; the accumulation/distribution line weights volume by the close location within a bar. Both are proxies. Neither identifies the owner behind a trade.

Read the workspace

Advanced volume analysis workspace showing phase transition filter, historical session, phase label, evidence score
Historical JustTicks interface example. Read the dates and settings shown in the image; these are not current market readings.
  1. Phase transition filter. Use the phase and transition controls to choose which model classifications appear.
  2. Historical session. Confirm the report date; delivery context generally describes a completed session.
  3. Phase label. Mark-Up and Accumulation are classifications from price-volume inputs, not observed trader identities.
  4. Evidence score. Read model evidence separately from delivery percentage and absolute traded volume.
Advanced volume analysis workspace showing phase transition filter, historical session, phase label, evidence score

How to use Advanced volume analysis

  1. Choose the stock universe and historical date.
  2. Filter by phase or a phase transition such as accumulation to markup.
  3. Compare phase, model evidence, traded volume and delivery percentage for each result.
  4. Inspect the underlying chart and preceding sessions to see whether the pattern persists.

Understand the measurements

Advanced volume analysis measurements
MeasurementHow to read it
OBVA cumulative price-direction-based volume series.
A/D lineA close-location-weighted cumulative volume measure.
Phase labelA rule-based classification such as Accumulation, Distribution, Mark-Up or Mark-Down.
EvidenceSupport from the model inputs, not a calibrated probability of future price movement.

A worked example

Two stocks may both carry an Accumulation label, but one has only a single high-volume session while the other shows repeated supporting observations. The second offers more persistence to investigate; neither label reveals who accumulated shares.

Worked example

This example explains the calculation or reading process. It is not a current market observation or a trade recommendation.

Checks before drawing a conclusion

  • Match the historical date before combining delivery and price observations.
  • A phase label is an inference from market data, not a disclosure of institutional buying.
  • Corporate actions, news and small volume bases can distort indicator changes.
FAQ

Advanced volume analysis: frequently asked questions

01When should I use Advanced volume analysis?

Use advanced volume analysis to shortlist stocks whose price, volume and delivery inputs resemble a particular phase, then inspect the supporting observations. It combines several views rather than relying on one volume spike.

02What should I check before comparing results?

Match the historical date before combining delivery and price observations.

Next steps

Open the live tool on NSE data, then continue with the related walkthroughs.

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