A daily volume tracking indicator that identifies and alerts traders to new volume highs, helping detect significant market activity and potential trading opportunities.
Explore complementary indicator rolesHow it works
The Daily Volume High Notifier continuously tracks the current day's trading volume, monitoring for new peak levels. It establishes a dynamic volume high benchmark that resets at the beginning of each trading session, allowing real-time tracking of volume intensity.
As trading progresses, the indicator compares each new volume bar against the existing daily high. When a higher volume level is detected, the script triggers an alert, visually marking the new peak with a red line and potentially sending notifications to the trader's preferred communication channel.
Why it may be useful
Volume is a critical indicator of market momentum and potential price movement, offering insights into the strength and conviction behind price changes. By highlighting volume spikes, traders can quickly identify periods of significant market interest and potential trend acceleration or reversal.
This indicator provides traders with an immediate, objective measure of market activity, helping them make more informed decisions by understanding the underlying buying and selling pressure at any given moment.
When to explore it
The Daily Volume High Notifier is most effective during active trading sessions with potential market-moving events like earnings reports, economic announcements, or sector-specific news. It is particularly valuable for traders seeking to capture momentum and confirm trend strength through volume analysis.
Traders should use this tool in conjunction with other technical indicators to validate signals and avoid false positives. It works best in liquid markets with consistent trading volume and can help identify potential entry or exit points during significant market movements.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
