What it is

Volume state ek one-word answer hai is sawal ka — "aaj is stock mein log kitne active hain compared to usual?" Sirf price chart dekhke aap nahi keh sakte ki rally real hai ya thin. Volume context batata hai.

Foundation metric hai RVOL — relative volume. Formula simple:

RVOL = today's volume / median(volume, last 50 sessions)

RVOL = 1.0 matlab "aaj ka volume bilkul typical hai." RVOL = 2.5 matlab "aaj 2.5x usual hai — kuch baat hai." RVOL = 0.4 matlab "log gayab hain aaj, range bar hai."

Tietiy is RVOL ko char descriptive bins mein cut karta hai:

  • CLIMAX — RVOL ≥ 3.0. Bahut hi unusual session. Either big news, big block, or trend exhaustion. Almost always informative — direction context ke saath padhna chahiye.
  • EXPANSION — 1.5 ≤ RVOL < 3.0. Above-normal participation. Healthy thrust moves yahaan se aate hain.
  • NORMAL — 0.7 ≤ RVOL < 1.5. Routine session.
  • DRY — RVOL < 0.7. Below typical. Price moves yahaan kam reliable hote hain — thin volume mein noise zyada hota hai.

How tietiy computes it

Volume state aata hai footprint producer se (later renamed to volume-state in some refs). Logic:

  • Read today's volume from the daily bar.
  • Read previous 50 sessions' volume.
  • Compute median (not mean — median is robust to single-session spikes).
  • RVOL = today / median.
  • Bin into {CLIMAX, EXPANSION, NORMAL, DRY} using thresholds above.

Min-history yahaan kam strict hai — 50 bars sufficient. Newly-listed stocks (< 50 bars) ko caveat milta hai, label nahi.

What this site shows you

Stock page top par volume-state chip dikhega — "Volume: EXPANSION · RVOL 1.94". Markets page pe "today's CLIMAX volumes" list aati hai (jab market-wide CLIMAX flare ho). Volume state mostly silent component hai — par jab it changes, attention deserves.

How to read it

  • Trend UP + volume EXPANSION at SR breakout = textbook thrust. Highest-quality descriptive read.
  • Trend UP + volume DRY = move suspicious. Drift up on thin volume, kabhi-kabhi sharp reversal aata hai. Caution context.
  • CLIMAX at top of trend = often exhaustion. Climax buying is the last bull. Climax selling is the last bear. (Often, not always — base rate dekho.)
  • DRY for many days then sudden EXPANSION = waking up. Either breakout incoming or news landed. Either way, attention.
  • Volume label binned descriptive hai. Exact RVOL number bhi visible hai — 2.9 (EXPANSION) aur 3.1 (CLIMAX) almost same hain, label arbitrary boundary par flip karta hai.

What this does NOT tell you

  • Who is buying/selling. Tietiy v1 retail vs institutional split nahi karta. F&O OI, FII/DII, participants — woh future producers hain.
  • Direction context by itself. CLIMAX up vs CLIMAX down — bilkul alag meanings. Trend state + volume state combine karke pado.
  • Intraday volume profile. v1 daily total volume only. Intraday VWAP, opening-hour participation — separate read.
  • Block deals / circuit volume artifacts. Volume include karta hai block deals — kabhi-kabhi RVOL inflate ho jaata hai for non-trading reasons.

One pattern worth memorizing. "Quiet zone-test + DRY volume" = zone usually holds. "Loud zone-test + EXPANSION volume" = zone usually breaks. Yeh base-rate observation hai, lekin har stock-specific case alag — context mein use karo, blind rule ke roop mein nahi.