OPEN-SOURCE SCRIPT

Volume growth

137
Volume Spike vs Previous Day

Description:
This indicator highlights moments of unusually high trading activity by comparing the current bar’s volume to the previous one.
Whenever the current volume exceeds the previous bar’s volume by a specified multiple, the candle is highlighted, and a visual marker appears on the chart.

It’s a simple yet powerful tool to instantly spot sudden spikes in market participation — often signaling key moments of accumulation, distribution, or breaking news activity.

How it works:

Compares the current volume to the previous bar’s volume.

If the increase exceeds your chosen multiplier (for example, 10×), the bar is highlighted.

A green “VOL↑” marker is displayed below the bar for quick visual recognition.

Optional alert conditions allow you to get notified whenever a spike occurs.

Inputs:

Multiplier — sets how many times larger the current volume must be compared to the previous one (default: 10).

Best for:

Spotting sudden surges in interest or liquidity.

Identifying potential breakout or reversal zones.

Works on any asset and any timeframe.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.