BT Volume & Volatility Spike

The BT Spike Indicator is aimed at identifying significant spikes in trading volume and price volatility on cryptocurrency or futures charts. It helps traders spot potential reversal or momentum shifts by combining volume analysis with volatility measures. The core logic revolves around detecting when volume surges above its historical average while volatility (measured via ATR) also spikes, signaling unusual market activity that could precede breakouts, pullbacks, or trend changes.

Key features include:

• Inputs: Customizable parameters like lookback periods for averages (e.g., 14-bar EMA for volume), ATR length (default 14), and spike thresholds (e.g., volume multiplier of 2x the average).
  
• Visuals: Plots bars or shapes on the chart for spike detections (e.g., green for bullish spikes, red for bearish), with optional alerts for real-time notifications.
  
• Versions: We iterated on it, adding features like better alert conditions and visual signals, but rolled back to a simplified v0.1 for reliability, removing some experimental bug-prone elements like multi-timeframe checks.
  

BT Spike is a volume & volatility signal meant to alert traders that a move could begin soon, and is a supplementary tool to highlight confluence for existing high-probability setups.