PROTECTED SOURCE SCRIPT
Relative Volume Spikes MTF
Description:
This script displays **Relative Volume Spikes across Multiple Timeframes (MTF)** in a simple table format directly on your chart. It helps traders quickly identify unusual volume activity — a key signal that often precedes strong price movement.
What it does:
* Calculates **relative volume** (current volume divided by average volume) for the following timeframes:
1-minute, 5-minute, 30-minute, 1-hour, 4-hour, 1-day, and 1-week.
* Highlights timeframes where relative volume **exceeds a customizable threshold** (default: 1.5x the average).
* Shows values in a color-coded table for quick scanning.
How it works:
* For each timeframe, the script uses a moving average over a user-defined lookback period (default: 20 candles) to establish the average volume.
* If the current volume is significantly higher than that average (based on your threshold), the cell background turns green — alerting you to a possible volume spike.
* The table updates every 5 bars to minimize performance lag.
Why it's useful:
* Helps you spot early signs of breakouts or trend reversals across multiple timeframes without switching charts.
* Saves time by putting all key volume signals in one easy-to-read location.
Customization:
* You can adjust lookback periods for each timeframe.
* You can change the spike threshold to suit your trading style.
This script displays **Relative Volume Spikes across Multiple Timeframes (MTF)** in a simple table format directly on your chart. It helps traders quickly identify unusual volume activity — a key signal that often precedes strong price movement.
What it does:
* Calculates **relative volume** (current volume divided by average volume) for the following timeframes:
1-minute, 5-minute, 30-minute, 1-hour, 4-hour, 1-day, and 1-week.
* Highlights timeframes where relative volume **exceeds a customizable threshold** (default: 1.5x the average).
* Shows values in a color-coded table for quick scanning.
How it works:
* For each timeframe, the script uses a moving average over a user-defined lookback period (default: 20 candles) to establish the average volume.
* If the current volume is significantly higher than that average (based on your threshold), the cell background turns green — alerting you to a possible volume spike.
* The table updates every 5 bars to minimize performance lag.
Why it's useful:
* Helps you spot early signs of breakouts or trend reversals across multiple timeframes without switching charts.
* Saves time by putting all key volume signals in one easy-to-read location.
Customization:
* You can adjust lookback periods for each timeframe.
* You can change the spike threshold to suit your trading style.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.