High Volume Candle Detector by Ravi Shinde

📊 High Volume Candle Detector
🎯 Overview
Identify exceptional volume spikes that signal institutional activity, breakouts, and reversals. Detects candles with volume exceeding a customizable threshold (default: 3x average volume over 20 periods).
✨ Key Features
🔧 Customizable Settings

Volume Multiplier (default: 3.0x) - Define your threshold
Average Period (default: 20) - Adapt to any timeframe
Bullish/Bearish Detection - Automatic color coding (green/red)

🎨 Visual Styles

Background - Subtle colored highlighting
Border - Yellow box outline
Shape - Triangle markers with "HV" text
All - Combined display

🔔 Smart Alerts

Bullish High Volume 🟢
Bearish High Volume 🔴
Any High Volume ⚠️

📈 Derivatives Trading Method
High-volume candle highs and lows mark key breakout levels. Break above = Go Long. Break below = Go Short. Trail your stop-loss with a moving average of your choice for optimal risk management. Optimal performance on 15-minute or higher timeframes. Lower timeframes may generate excessive noise.