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Volume Spike Analysis

5

This indicator averages the last 5 bars (determined by the input parameter 'Average_Bars' defaulted at 5 which can be adjusted). Muliplies this average volume by the input parameter 'Multiply_Volume' (default 1.5), then compares this to the current volume bar.

If there is a significant increase in the current volume, the indicator is flagged.

This is to determine when the 'big players' buy/sell into the market, or if there's significant activity behind a price increase/decrease.

Reviews 1
Aravind Kolanupaka
8860
Aravind Kolanupaka 2020.05.09 18:03 
 

Good one

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Aravind Kolanupaka
8860
Aravind Kolanupaka 2020.05.09 18:03 
 

Good one

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Version 2.0 2020.04.20
Fix out of range error