Relative Volume Spikes MTF

Description:

This script displays **Relative Volume Spikes across Multiple Timeframes (MTF)** in a simple table format directly on your chart. It helps traders quickly identify unusual volume activity — a key signal that often precedes strong price movement.

What it does:

* Calculates **relative volume** (current volume divided by average volume) for the following timeframes:
1-minute, 5-minute, 30-minute, 1-hour, 4-hour, 1-day, and 1-week.
* Highlights timeframes where relative volume **exceeds a customizable threshold** (default: 1.5x the average).
* Shows values in a color-coded table for quick scanning.

How it works:

* For each timeframe, the script uses a moving average over a user-defined lookback period (default: 20 candles) to establish the average volume.
* If the current volume is significantly higher than that average (based on your threshold), the cell background turns green — alerting you to a possible volume spike.
* The table updates every 5 bars to minimize performance lag.

Why it's useful:

* Helps you spot early signs of breakouts or trend reversals across multiple timeframes without switching charts.
* Saves time by putting all key volume signals in one easy-to-read location.

Customization:

* You can adjust lookback periods for each timeframe.
* You can change the spike threshold to suit your trading style.