OPEN-SOURCE SCRIPT
Big Volume Spikes [Simplified]
**Big Volume Spikes [Simplified]**
Highlights only the most extreme volume prints on the chart — filtering out normal trading activity to show you where large orders actually hit. When volume spikes above a set threshold (relative to recent average volume), the indicator draws a directional line pinned to that exact candle: green pointing down from a bullish close, red pointing up from a bearish close, each labeled with the volume value. Line length automatically scales with ATR, so spikes stay clearly visible and proportional at any zoom level or price range. Useful for spotting potential institutional activity, climax volume, or exhaustion points without the clutter of smaller, less meaningful volume ticks.
Highlights only the most extreme volume prints on the chart — filtering out normal trading activity to show you where large orders actually hit. When volume spikes above a set threshold (relative to recent average volume), the indicator draws a directional line pinned to that exact candle: green pointing down from a bullish close, red pointing up from a bearish close, each labeled with the volume value. Line length automatically scales with ATR, so spikes stay clearly visible and proportional at any zoom level or price range. Useful for spotting potential institutional activity, climax volume, or exhaustion points without the clutter of smaller, less meaningful volume ticks.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.