Volume Spike Backfills — Indicator by Vostok369

candlestickanalysis volumestudies retrace

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.

Release Notes:

Code clean up

Release Notes:

Add a timeframe setting to view volume spikes from other timeframes

Release Notes:

Added candle average lookback variable
A 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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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