OPEN-SOURCE SCRIPT
Volume Spike Highlighter
Volume Spike Highlighter is a simple and effective volume-based tool designed to highlight abnormal trading activity.
It detects when the current volume exceeds the average volume by a customizable multiplier and visually emphasizes those bars with bright colors, making unusual buying or selling pressure easy to spot.
Features:
Highlights volume spikes with enhanced green/orange color
Normal volume remains standard red/green
Adjustable lookback period and spike multiplier
Includes a smooth volume moving average for context
Clean and lightweight, ideal for intraday or swing traders
This indicator helps traders quickly identify strong participation, breakouts, absorption zones, trap candles, and areas where institutions may be active.
It detects when the current volume exceeds the average volume by a customizable multiplier and visually emphasizes those bars with bright colors, making unusual buying or selling pressure easy to spot.
Features:
Highlights volume spikes with enhanced green/orange color
Normal volume remains standard red/green
Adjustable lookback period and spike multiplier
Includes a smooth volume moving average for context
Clean and lightweight, ideal for intraday or swing traders
This indicator helps traders quickly identify strong participation, breakouts, absorption zones, trap candles, and areas where institutions may be active.
Скрипт с открытым кодом
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Отказ от ответственности
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Скрипт с открытым кодом
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Отказ от ответственности
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.