24-Hour Volume Indicator on Bitcoin

What it shows

One blue line in its own pane. It rises when the last day has been busier than the day before and falls as quiet hours replace busy ones. It is smooth, because each step adds one new candle and drops one from 24 hours earlier.

How Pravex works it out

For each candle, multiply its volume by the chosen price (close by default). That gives the volume in the quote currency.
Sum those figures for all candles that opened within the last 24 hours, including the current one. The window is set by time, not by candle count, so a gap in the data does not stretch it.
On a daily candle the window holds only that candle, so the line is the day’s own volume in the quote currency. On weekly and longer candles there is no 24-hour figure and the line is empty.

Settings

Setting	Default	What changing it does
Price used for the money value	close	The price that each candle’s volume is multiplied by. Close is the simplest; hlc3 or ohlc4 smooth out the candle’s range. The change is small unless the candles are very long.
Currency shown	Default	Its only option is Default, which keeps the quote currency of the symbol, so this input does not change the line.

How traders read it

24-hour volume helps you judge whether a move has real participation. A breakout while the line is climbing is read as backed by money, and one while the line is falling is read as thin. Since the window rolls, you can also compare the line now with its level at the same hour yesterday on a 1-hour chart.

With made-up figures, each of the last 24 one-hour candles traded about 50 coins at a price of 100. The 24-hour line reads 24 × 50 × 100 = 120,000. If the next hour trades 80 coins at 100, the oldest hour (50 coins) drops out and the line rises to 120,000 − 5,000 + 8,000 = 123,000.

When it misleads

This is one venue’s volume, here Hyperliquid’s, so it is not the 24-hour volume you see on an exchange’s ticker for the whole market. The rolling window also mixes hours: a big spike from 23 hours ago keeps the line high until it drops out, then the line falls suddenly even if nothing happened now. On weekly and monthly candles it draws nothing. It says how much traded and nothing about who was buying.

Questions and answers

What does the 24-hour Volume indicator show?

The total volume of the last 24 hours, multiplied by price so it is in the quote currency, at every candle.

Why is the line empty on my weekly chart?

A weekly candle spans more than 24 hours, so there is no 24-hour figure. Switch to a daily or shorter chart.

Is it the same number as an exchange’s 24h volume?

Only if the volume source matches. Pravex sums the candles of the venue it draws, multiplied by the price source, so it will differ from another venue and from a figure that uses a different price.

Why is the line in money and not in coins?

Each candle’s volume is multiplied by a price, so the total is a money value. That makes hours with different prices comparable and matches how exchanges quote 24-hour volume.