Most Traded Volume (MTV)

Most Traded Volume (MTV) is a zone at the break of a significant level. In Smart Money terms, the break of a significant level is also called SNR (support and resistance) — a significant support or resistance level. As soon as a candle BREAKS the level and HOLDS its body beyond it, an MTV zone forms.

The logic is simple: while price is compressed at a significant level and tests it, most of the trading volume passes right here. The moment a candle breaks the level and closes its body on the other side, that area is fixed as the zone of the most traded volume — the place from which the initiating side pushed through the level. Price often returns to this zone to retest the break.

Most Traded Volume is a DERIVED zone: it shows the strength of the side that pushed through a significant level, but it is not the cause of the move — the cause is always the pull toward liquidity and the filling of an imbalance. MTV is used as a reaction reference on a retest of the broken level; we often break such breaks down in the Practice section. The Trade Model indicator maps structure and ranges, helping you tell a body close beyond the level from a false run.