Session Volume Spike Detector (MTF Arrows)

Overview

The Session Volume Spike Detector is a precision multi-timeframe (MTF) tool that identifies sudden surges in buy or sell volume during key market windows. It highlights high-impact institutional participation by comparing current volume against its historical baseline and short-term highs, then plots directional markers on your chart.

This version adds MTF awareness, showing spikes from 1-minute, 5-minute, and 10-minute frames on a single chart. It’s ideal for traders monitoring microstructure shifts across multiple time compressions while staying on a fast chart (like 1-second or 1-minute).

Key Features

Dual Session Windows (DST-aware)
Automatically tracks Morning (05:30–08:30 MT) and Midday (11:00–13:30 MT) activity, adjusted for daylight savings.

Directional Spike Detection
Flags Buy spikes (green triangles) and Sell spikes (magenta triangles) using dynamic volume gates, Z-Score normalization, and recent-bar jump filters.

Multi-Timeframe Projection
Displays higher-timeframe (1m / 5m / 10m) spikes directly on your active chart for continuous visual context — even on sub-minute intervals.

Adaptive Volume Logic
Each spike is validated against:

Volume ≥ SMA × multiplier

Volume ≥ recent-high × jump factor

Optional Z-Score threshold for statistical significance

Session-Only Filtering
Ensures spikes are only plotted within specified trading sessions — ideal for futures or intraday equity traders.

Configurable Alerts
Built-in alert conditions for:

Any timeframe (MTF aggregate)

Individual 1m, 5m, or 10m windows
Alerts trigger only when a new qualifying spike appears at the close of its bar.

Use Cases

Detect algorithmic or institutional activity bursts inside your trading window.

Track confluence of volume surges across multiple timeframes.

Combine with FVGs, bank levels, or range breakouts to identify probable continuation or reversal zones.

Build custom automation or alert workflows around statistically unusual participation spikes.

Recommended Settings

Use on 1-minute chart for full MTF display.

Adjust the SMA length (default 20) and Z-Score threshold (default 3.0) to suit market volatility.

For scalping or high-frequency environments, disable the 10m layer to reduce visual clutter.

Credits

Developed by Jason Hyde
© 2025 — All rights reserved.
Designed for clarity, precision, and MTF-synchronized institutional volume detection.