This indicator highlights candles with unusually high trading volume by comparing the current volume to an EMA-based threshold. It helps identify significant volume spikes, which may indicate strong market movements.
Big Volume Detection
Compares the current volume to an EMA of past volume.
A candle is marked as "Big Volume" if the current volume exceeds the EMA by a specified multiple.
Color-Coded Candles
Big Volume & Bullish → Lime Green
Big Volume & Bearish → Red
Regular Bullish → Faded Lime (80% transparent)
Regular Bearish → Faded Red (80% transparent)
Alert System
Big Up or Down Volume → Triggers an alert when high volume occurs.
Big Up Volume → Triggers an alert for high-volume bullish candles.
Big Down Volume → Triggers an alert for high-volume bearish candles.
Customizable Settings
Period → EMA period for volume comparison (Default: 30)
Big Volume Multiple → Volume multiplier threshold for detection (Default: 3)
Use Cases
Spot unusual volume surges before major price moves
Confirm strong buying or selling pressure
Identify potential breakout zones