Lemon/Lime Volume Lookback Indicator

The indicator focuses on analyzing volume patterns.
It calculates a relative volume metric by comparing the current volume to a short-term simple moving average of volume.
The code identifies volume spikes when the relative volume exceeds a user-defined threshold.
These volume spikes are visually represented on the chart as small circles:

Yellow circles appear above bars for bearish volume spikes (when price closed lower)
Green circles appear below bars for bullish volume spikes (when price closed higher)


Users can adjust settings such as the lookback period for volume comparison and the percentage increase that defines a volume spike. This would adjust the readings based on incoming volume. Adjust as needed during different market conditions.

This tool essentially helps traders identify and visualize significant increases in trading volume compared to recent average volume, which could potentially signal important price movements or trend changes.