OPEN-SOURCE SCRIPT
Updated Volume Spike Backfills
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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.