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Big Volume Spike (Simple, No MTF)

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BV (Big Volume) Indicator
This indicator flags price bars where the trading volume is above average, helping you instantly spot surges in market participation.

How it works:

“BV” Label:
A green or red “BV” label appears just below the candlestick whenever the current bar’s volume is greater than its 20-bar moving average.

Bullish/Bearish Filter:

Green BV: Appears when the bar is bullish (close > open) and the double-smoothed Heiken Ashi candle is also bullish.

Red BV: Appears when the bar is bearish (close < open) and the double-smoothed Heiken Ashi candle is also bearish.

No Multi-Timeframe Logic:
The indicator uses only the current chart’s data—no dependencies on other timeframes.

Visual Simplicity:
Clean, lightweight, and effective for all timeframes. Just watch for “BV” labels to find above-average volume bars with momentum.

Purpose:
To cut through noise and highlight the price bars where real volume and directional conviction show up—ideal for any trader wanting instant, actionable volume alerts on any chart.

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