OPEN-SOURCE SCRIPT
Volume Spike Backfills
Updated
This script identifies candle that have a volume spike and tracks how much price action has retraced to back fill those candles.
Setting can control the degree of volume spike and the median level of the candle body.
Setting can control the degree of volume spike and the median level of the candle body.
Release Notes
Code clean upRelease Notes
Add a timeframe setting to view volume spikes from other timeframesRelease Notes
Added candle average lookback variableA little bit of code cleanup
Release Notes
- Added labels for volume spikes- Added alerts for volume spikes
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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