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Buy/Sell Volume Spike Radar

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This indicator highlights unusual volume spikes and classifies them as buying pressure or selling pressure using price action context. It’s designed to spot when the crowd is stepping in aggressively — either on the bid (sell spikes) or on the ask (buy spikes).

How it works:

Compares current volume against a moving average of volume (default 50 bars).

A spike is flagged when volume is above the threshold (default = 2× vol MA).

Candle body position in its range determines direction:

Close near the top of the bar = Buy Spike.

Close near the bottom = Sell Spike.

Doji-like candles are filtered out using a minimum body % rule.

Visuals:

Background tint: teal for buy spikes, red for sell spikes.

Labels: optional tags on the chart showing “High BUY vol” or “High SELL vol”.

Histogram (lower pane): plots signed volume (positive = buy pressure, negative = sell pressure) with spikes emphasized.

Status table: shows live volume, moving average, and current spike status.

Use cases:

Spot institutional activity or panic selling.

Confirm breakouts or breakdowns with real buying/selling pressure.

Filter false moves by requiring both price + volume confirmation.

⚠️ Note: Options volume/flow data is not available in Pine/TradingView. This tool only analyzes the underlying’s price + volume. For true options flow, use a dedicated options analytics platform.

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