A volume indicator that highlights significant volume spikes by comparing the last candle's volume to the average of the previous 10 candles. Marks candles with yellow symbols when volume exceeds the average by 5 times.
Explore complementary indicator rolesHow it works
The indicator calculates the average volume of the previous 10 candles by summing their individual volumes and dividing by 10. It then compares this average to the volume of the most recently closed candle.
When the last candle's volume is 5 times higher than the 10-candle average, the indicator marks this candle with a yellow symbol. The symbol's position (above or below the candle) depends on the candle's directional movement, providing visual confirmation of significant volume changes
Why it may be useful
Volume is a critical indicator of market strength and potential trend reversals. By highlighting substantial volume spikes, traders can identify potential trend confirmations or shifts in market sentiment.
Unusually high volume can signal increased interest from market participants, suggesting potential breakouts, trend continuations, or reversals. This indicator helps traders quickly spot these meaningful volume changes without manually calculating and comparing volume data
When to explore it
This volume indicator is most effective in liquid, actively traded markets with consistent volume patterns. It works best during periods of market volatility, such as during major economic announcements, earnings reports, or significant news events.
Traders should use this signal in conjunction with other technical and fundamental analysis tools to confirm potential trading opportunities and validate volume-based signals
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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.
