💰 Volume Spike Detector - by TenAMTrader

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💰 Volume Spike Detector – by TenAMTrader

Overview
This indicator helps you spot potential trading opportunities by identifying volume spikes—a common precursor to strong market moves. When a candle's volume exceeds the average volume of the past sessions by a defined percentage (default 25%), a 💰 emoji will appear beneath the bar on your chart.

How to Use It:

Look for the 💰 money sign plotted below candles—these mark when the current volume is significantly higher than usual.
Use these signals to confirm price action setups, trend reversals, or breakout entries.
Combine with support/resistance or other indicators for higher conviction.
Settings & Customization

Spike Ratio %: The percentage above average volume required to trigger a signal (default: 25%).
Trading Period: The number of past bars used to calculate average volume (default: 21).
Enable Alert: Toggle on/off if you want to be alerted when a spike happens.
How to Set Up Alerts

After adding the script to your chart, click the "Alerts" icon.
Choose the condition: Volume Spike Alert.
Set frequency: Once per bar close or Once per bar.
Save and activate to be notified of incoming volume surges.

⚠️ Disclaimer
This indicator is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Always perform your own due diligence and risk management. The creator of this script, TenAMTrader, is not liable for any losses incurred from using this tool.

dün

Sürüm Notları

💰 Volume Spike Detector – by TenAMTrader

Overview
This indicator helps you spot potential trading opportunities by identifying volume spikes—a common precursor to strong market moves. When a candle's volume exceeds the average volume of the past sessions by a defined percentage (default 25%), a 💰 emoji will appear beneath the bar on your chart.

How to Use It:

Look for the 💰 money sign plotted below candles—these mark when the current volume is significantly higher than usual.
Use these signals to confirm price action setups, trend reversals, or breakout entries.
Combine with support/resistance or other indicators for higher conviction.
Settings & Customization

Spike Ratio %: The percentage above average volume required to trigger a signal (default: 25%).
Trading Period: The number of past bars used to calculate average volume (default: 21).
Enable Alert: Toggle on/off if you want to be alerted when a spike happens.
How to Set Up Alerts

After adding the script to your chart, click the "Alerts" icon.
Choose the condition: Volume Spike Alert.
Set frequency: Once per bar close or Once per bar.
Save and activate to be notified of incoming volume surges.

⚠️ Disclaimer
This indicator is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Always perform your own due diligence and risk management. The creator of this script, TenAMTrader, is not liable for any losses incurred from using this tool.

dün

Sürüm Notları

💰 Volume Spike Detector – by TenAMTrader

Overview
This indicator helps you spot potential trading opportunities by identifying volume spikes—a common precursor to strong market moves. When a candle's volume exceeds the average volume of the past sessions by a defined percentage (default 25%), a 💰 emoji will appear beneath the bar on your chart.

How to Use It:

Look for the 💰 money sign plotted below candles—these mark when the current volume is significantly higher than usual.
Use these signals to confirm price action setups, trend reversals, or breakout entries.
Combine with support/resistance or other indicators for higher conviction.
Settings & Customization

Spike Ratio %: The percentage above average volume required to trigger a signal (default: 25%).
Trading Period: The number of past bars used to calculate average volume (default: 21).
Enable Alert: Toggle on/off if you want to be alerted when a spike happens.
How to Set Up Alerts

After adding the script to your chart, click the "Alerts" icon.
Choose the condition: Volume Spike Alert.
Set frequency: Once per bar close or Once per bar.
Save and activate to be notified of incoming volume surges.

⚠️ Disclaimer
This indicator is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Always perform your own due diligence and risk management. The creator of this script, TenAMTrader, is not liable for any losses incurred from using this tool.