I like to know when volume spikes (only when it spikes). I am not interested in seeing the rest of the volume bars. I created this indicator to show me when it explodes (i.e. the name "Volume Bomb" , plus it sounds cool).
This indicator only shows you when volume exceeds the EMA of volume by whatever multiplier you set.
Default settings are the current volume with 10 EMA. Yellow arrowup will appear when volume is at 1.5x the 10 EMA.
Adjust it to your liking and particular stock.
This indicator only shows you when volume exceeds the EMA of volume by whatever multiplier you set.
Default settings are the current volume with 10 EMA. Yellow arrowup will appear when volume is at 1.5x the 10 EMA.
Adjust it to your liking and particular stock.
//Created by Robert N. 033015 // This indicator only shows you when volume exceeds the EMA of volume by whatever multiplier you set // Default settings are the current volume with 10 EMA. Yellow arrowup will appear when volume is at 1.5x the 10 EMA study(title="Volume Bomb", precision=0, overlay = false) EMovingAvg = ema(volume,input(10)) Multiplier=(volume >= (EMovingAvg * input(1.5))) plotshape(Multiplier, title="Vol", text='Vol', style=shape.arrowup, location=location.bottom, color=yellow)