OPEN-SOURCE SCRIPT

Volume Spike Filter

575
### Volume Spike Detector with Alerts

**Overview:**
This indicator helps traders quickly identify unusual spikes in trading volume by comparing the current volume against a simple moving average (SMA) threshold. It's particularly useful for beginners seeking clear signals of increased market activity.

**Settings:**

* **SMA Length:** Defines the period for calculating the average volume (default = 20).
* **Multiplier:** Determines how much the volume must exceed the SMA to be considered a spike (default = 1.5).
* **Highlight Spikes:** Toggle to visually highlight spikes on the chart (default = enabled).

**Signals:**

* 🟩 **Highlighted Background:** Indicates a volume spike that surpasses the defined threshold.
* 🏷️ **"Vol Spike" Label:** Clearly marks the exact bar of the spike for quick reference.

**Usage:**
Use these clear volume spike alerts to identify potential trading opportunities, confirmations, or shifts in market momentum. Combine this with other technical indicators for enhanced analysis.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.