OPEN-SOURCE SCRIPT

Volume Spike

285
Flags when volume exceeds a multiple (1.5x) of its 20-period SMA, signaling a burst of activity.

Confirms conviction on 1H breakouts or patterns (a flag breaking with a red cross showing high volume).

Pinpoints sudden shifts—great for catching momentum bursts at your entry.

Note: Trade with the major trend and confirm with price action.

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