Volume Candle Highlighter

This script goes hand to hand with the volume table script.

make sure to turn off your opacity on your candlestick charts when using this tool. This tool will give you , your own set of candlestivcks


Volume Candle Highlighter
Overview
This indicator recolors your candlesticks in real time based on volume activity. Normal candles display in your chosen base color. When a candle’s volume exceeds the average by a significant amount that candle changes to gold — highlighting exactly where abnormal activity occurred directly on the price chart across any timeframe.

How It Works
The script calculates a 20 period simple moving average of volume as the baseline. Every candle is compared against that average multiplied by your chosen threshold. When a candle’s volume crosses that threshold it is classified as abnormal and its entire candle — body, wick and border — changes to gold instantly. This happens in real time so the current candle updates tick by tick as volume builds.

What The Colors Mean
Your normal candle color represents routine price activity where volume is within expected range. The gold candle means that candle had significantly more buying or selling activity than the recent average. This is where institutions, large players and significant market participants were most active.
A gold candle combined with a green close — meaning the candle closed higher than it opened — indicates abnormal volume drove by buyers. A gold candle combined with a red close indicates abnormal volume driven by sellers. This distinction tells you not just that something significant happened but who was in control when it happened.


The Marker
An optional triangle marker appears above or below every abnormal volume candle. This marker stays consistently visible regardless of whether the indicator is selected or deselected on your chart and makes it easy to scan back through history and identify every significant volume event at a glance.

Settings
The Abnormal Volume Multiplier controls how sensitive the detection is. The default setting of 2.0 means a candle needs twice the 20 period average volume to turn gold. Raising this number makes the signal more selective — only the most extreme volume spikes will highlight. Lowering it makes it more sensitive and will highlight more candles. The Volume MA Length controls how many candles are used to calculate the average baseline.

How To Use It
Add the indicator to your chart. Go to your main chart settings and set your default candle body, border and wick colors to fully transparent. The Volume Candle Highlighter becomes your primary candle display. Normal candles show in your chosen color and abnormal volume candles automatically turn gold in real time across every timeframe.
Watch the current candle — the NOW candle. When it turns gold while still forming that is your earliest signal that something significant is happening in real time before the candle even closes. Combined with a multi-timeframe volume table you can confirm whether the abnormal activity is isolated to one timeframe or occurring across multiple timeframes simultaneously — which significantly increases the strength of the signal.

Important Note
This indicator is a volume analysis tool. It identifies where significant volume occurred and who was directionally in control at that moment. It does not generate buy or sell signals and should be used as part of a complete trading methodology. All trading involves risk. Past volume patterns do not guarantee future price movement. Always apply your own analysis and risk management.

Disclaimer
This script is published for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any instrument. Trading involves substantial risk of loss. The author is not responsible for any trading decisions made using this tool.​​​​​​​​​​​​​​​​