Volume Spike on Chart

Volume Spike on Chart – Indicator Description

A clean, powerful, and fully customizable volume-spike detector that plots directly on your price chart (overlay = true). Designed to instantly reveal institutional buying/selling pressure, climactic exhaustion, and high-probability reversal zones.

**Key Features**
- Detects volume ≥ user-defined multiples of the 30-period average (default 2.0×, 2.5×, 3.0×)
- Marks every real spike with 1, 2 or 3 colored dots placed above bullish candles or below bearish candles
- Instantly separates bullish spikes (default lime) from bearish spikes (default fuchsia)
- Optional candle coloring on spike bars (or keep original colors)
- Smart market-opening filter – automatically ignores the usual volume surge at London (8:00 UTC) and NYSE (14:30 UTC) openings
- Fully adjustable thresholds, colors, dot size, dot distance, and filter window
- Hover tooltip on every dot shows the exact ratio (e.g. “3.74x average”)

**Built-in Alerts (7 ultra-precise conditions – ready for phone & webhook)**
- Bull Spike ≥ 2.0×
- Bear Spike ≥ 2.0×
- Bull Strong ≥ 2.5×
- Bear Strong ≥ 2.5×
- Bull Climax ≥ 3.0×
- Bear Climax ≥ 3.0×
- Any Volume Spike (bull or bear)

You’ll get notified the exact second a real volume spike fires – no more staring at the screen.

**Interpretation**
- 1 dot → increased interest
- 2 dots → strong participation
- 3 dots → climax/exhaustion volume → very high probability of reversal or acceleration

Perfect for 1–15 min charts on USTEC (Nasdaq futures), ES, DAX, forex majors, BTC, etc.

Add it once, set your alerts, and let the big money light up your phone every time they step in.

Created by NATANTIA – trade the spikes, stack the wins! 🚀