Price & Market BehaviorExtended setlive in productionNew

closing-auction imbalance drift

Updated dailyData needs: highlong onlyshort onlylong short
paper
2023
Source
Bogousslavsky, V., & Muravyev, D. (2023). Who Trades at the Close? Implications for Price Discovery and Liquidity. Journal of Financial Markets.
Citation only, paper link pending.

In plain terms

A big rush of buying or selling right into the closing bell tends to keep pushing the price the same way the next day.

How it works

The closing auction concentrates informed, index, and rebalancing flow; a strong late move into the close reflects end-of-day order imbalance (a market-on-close proxy) that continues into the next session. A flat close carries no imbalance and is suppressed.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Intraday features daily

    A data feed this strategy reads, refreshed on its normal schedule.

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

End-of-day closing-auction order imbalance drifts into the next session.

Related families

Explore closing-auction imbalance drift on alphactor.ai

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For informational and educational purposes only. Not financial advice. Learn more