Larry Williams Large Trade Index
In professional market theory, LWTI sits in:
Order-flow / Participation Oscillators
Same family as:
Accumulation/Distribution
Volume Oscillator
Smart Money Index
Cumulative Delta
Larry Williams’
Large Trade Index (LWTI) is a
smart-money detector.
It is a technical indicator designed to tell you
when large professional traders (banks, funds, institutions) are actively buying or selling — instead of small retail traders just churning price.
The idea behind it
Larry Williams observed something very simple but powerful:
Big traders leave volume footprints.
When institutions enter the market:
- Price moves more efficiently
The Large Trade Index isolates those moments.
It separates:
- Small random trades (noise)
- from large committed trades (smart money)
What LTI actually measures
Under the hood, LTI looks at:
- How much volume is needed to move price
Then it answers one question:
“Are large traders aggressively pushing price, or is this just retail noise?”
If price rises on
little volume → retail
If price rises on
heavy volume → institutions
LTI rises when
big players are active.
How it is read
On MT4, LTI is shown as an oscillator line.
Typical interpretation:
LTI behavior // Meaning
Rising above zero = Institutions are buying
Falling below zero = Institutions are selling
Flat near zero = Market is controlled by retail noise
Spikes = Strong institutional entry
Divergence = Smart money is leaving before price turns
Also check out Larry's Market Structure indicator:
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