Ajau — Volume Spike Split (Buy vs Sell)

EN (English Summary)

This indicator highlights volume spikes above average and splits them by candle direction:

Bullish spike (close ≥ open): triangle-up under the bar (+ optional bar coloring)

Bearish spike (close < open): triangle-down above the bar (+ optional bar coloring)

Designed to be single-panel, minimal, and easy on the eyes.

Logic

Average volume = SMA(len)

Threshold modes:

Multiple (x), e.g., 2.0 → current volume > 2× avg

Percent (%), e.g., 100% → equals 2× avg

Spike = volume > threshold

Key Inputs

Use Multiple Instead of % (recommended)

Spike Multiple (x) (default 2.0)

Spike Ratio % (when Multiple is OFF; 100 = 2×)

Volume Average Length (SMA) (default 21)

Color candles on spikes

Show UP/DOWN marker

Quick Start

Add to chart

Set Use Multiple = ON and Spike Multiple = 2.0 for a 2× rule

Turn Color candles on spikes off if you prefer original chart colors

Alerts: Create Alert → Bullish / Bearish Volume Spike

Educational use only. Not financial advice.

แท็กแนะนำ (Tags)

volume spike, relative volume, rvol, high volume, breakout, accumulation, distribution, momentum, volatility, scalping, swing