Draws horizontal levels at the average price of each week's off-exchange volume, from public weekly off-exchange (dark pool / ATS) volume data, thicker where more shares traded.
In plain English
What it shows
- Horizontal lines at the average price of each week's off-exchange trading (trades away from the public exchanges). Thicker lines mean more shares.
- It uses public weekly volume data.
How traders use it
- Treat the lines as reference prices where a lot of off-exchange volume built up.
- Compare them with your own support and resistance.
What it does not tell you
- A level is a weekly average price, not a single trade.
- The weekly data arrives with a lag of several weeks, so recent weeks are missing.
Overview
Off-exchange levels marks the prices where weekly off-exchange volume clustered for a stock or ETF. By default it shows the 5 most active levels. Line thickness follows the number of shares behind each level.
How it works
The data comes from a public weekly off-exchange (dark pool / ATS) volume summary: for each symbol and week, the shares and dollar value traded on ATS (dark pool) venues and other OTC. These files carry no price per trade, so the level for a week is its average price: dollar value divided by shares.
Weeks whose average prices sit within 0.5% of each other are merged into one level, and the levels are ranked by shares. The file is refreshed daily, but the weekly data is published about three weeks after the week ends.
How to use it
- Some traders watch how price reacts when it returns to a heavy off-exchange level.
- Use it to see where large amounts of off-exchange volume changed hands in past weeks.
- Some traders compare these levels with volume profile levels from the chart.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Most active levels | 5 |
| Colour | #00adb5 |
Notes and limits
- Stocks and ETFs in the data file only (for example SPY, QQQ, AAPL); other symbols show a note.
- A level is a weekly average price, not a single trade or print.
- The weekly data lags by about three weeks, so the most recent weeks are not included.
- The indicator does not say what the levels mean or which side traded.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.