Volume Surge Alert

Volume is often the fuel behind meaningful price moves. The Volume Surge Alert indicator highlights bars where volume explodes above its recent average, helping you spot accumulation, distribution, and breakout attempts before the price fully reacts.

• Calculates a configurable simple moving average of volume to establish “normal” activity.
  
• Flags bars where the current volume exceeds the SMA by a user-defined multiple (default 2×).
  
• Colors the column and background on surge bars for quick visual confirmation.
  
• Provides an alert condition so you can receive notifications the moment activity spikes.
  

Use it on any timeframe or market to monitor for unusual participation, confirm breakouts, or filter entries. Adjust the SMA length and surge multiple to match your market’s typical liquidity profile.