This indicator highlight candles when Volume surge "X" times in compare of last "n" candle. It helps you to find moments of market which Volatility and Position volumes raise significantly. In other words, It shows footstep of "Big Banks" or "Whales" or other Giants ;)
- default value highlight candles when Volume is 2 time more than average of last 30 candle. But you can modify both values in your favor. * You can set Alarm for notifying in advance when Volume surge happened on any chart.
Really nice....I am shocked that's it's not popular.Thanks
webcetdotin
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This is really wonderful and powerful script. I think values 0f 1.98, 2.5 works best in 15 MTF and Daily. If this line changed to multiplier = input.float(defval=1.8, title='Volume surge X', options=[1.8, 2.5, 3]) User can select the values according to his requirement. Thanks for the wonderful contribution.