OPEN-SOURCE SCRIPT
Volume Spike Thresholds
The script automatically displays a real-time table showing:
Baseline SMA → Current 20-bar average (updates every bar)
Spike 175% → Exact contract number needed for Real Spike
Climax 250% → Exact contract number needed for Climactic
Current Vol → Live volume of the forming bar
(turns red or orange when thresholds are hit)
What You'll See
ColorMeaningActionTeal/Red (dim)Normal volume — below 130%IgnoreYellowElevated — 130–175%Watch next barBright Red + label "SPIKE"Real spike — 175–250%Setup activatingOrange + label "CLIMAX"Climactic — 250%+Read candle close immediately
KEY SETTINGS TO ADJUST:
Baseline SMA Length: 20 (default — works well for NQ 5-min)
10 (more reactive, good for volatile sessions)
Real Spike Multiplier: 1.75 (standard)
Climactic Multiplier: 2.50 (standard)
Exclude 9:30 Open Bar: TRUE (always leave on for NQ)
RTH Session: 0930-1600 (ET — already set correctly)
Baseline SMA → Current 20-bar average (updates every bar)
Spike 175% → Exact contract number needed for Real Spike
Climax 250% → Exact contract number needed for Climactic
Current Vol → Live volume of the forming bar
(turns red or orange when thresholds are hit)
What You'll See
ColorMeaningActionTeal/Red (dim)Normal volume — below 130%IgnoreYellowElevated — 130–175%Watch next barBright Red + label "SPIKE"Real spike — 175–250%Setup activatingOrange + label "CLIMAX"Climactic — 250%+Read candle close immediately
KEY SETTINGS TO ADJUST:
Baseline SMA Length: 20 (default — works well for NQ 5-min)
10 (more reactive, good for volatile sessions)
Real Spike Multiplier: 1.75 (standard)
Climactic Multiplier: 2.50 (standard)
Exclude 9:30 Open Bar: TRUE (always leave on for NQ)
RTH Session: 0930-1600 (ET — already set correctly)
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.