PROTECTED SOURCE SCRIPT
Relative Volume Spikes MTF
Description:
This script displays **Relative Volume Spikes across Multiple Timeframes (MTF)** in a simple table format directly on your chart. It helps traders quickly identify unusual volume activity — a key signal that often precedes strong price movement.
What it does:
* Calculates **relative volume** (current volume divided by average volume) for the following timeframes:
1-minute, 5-minute, 30-minute, 1-hour, 4-hour, 1-day, and 1-week.
* Highlights timeframes where relative volume **exceeds a customizable threshold** (default: 1.5x the average).
* Shows values in a color-coded table for quick scanning.
How it works:
* For each timeframe, the script uses a moving average over a user-defined lookback period (default: 20 candles) to establish the average volume.
* If the current volume is significantly higher than that average (based on your threshold), the cell background turns green — alerting you to a possible volume spike.
* The table updates every 5 bars to minimize performance lag.
Why it's useful:
* Helps you spot early signs of breakouts or trend reversals across multiple timeframes without switching charts.
* Saves time by putting all key volume signals in one easy-to-read location.
Customization:
* You can adjust lookback periods for each timeframe.
* You can change the spike threshold to suit your trading style.
This script displays **Relative Volume Spikes across Multiple Timeframes (MTF)** in a simple table format directly on your chart. It helps traders quickly identify unusual volume activity — a key signal that often precedes strong price movement.
What it does:
* Calculates **relative volume** (current volume divided by average volume) for the following timeframes:
1-minute, 5-minute, 30-minute, 1-hour, 4-hour, 1-day, and 1-week.
* Highlights timeframes where relative volume **exceeds a customizable threshold** (default: 1.5x the average).
* Shows values in a color-coded table for quick scanning.
How it works:
* For each timeframe, the script uses a moving average over a user-defined lookback period (default: 20 candles) to establish the average volume.
* If the current volume is significantly higher than that average (based on your threshold), the cell background turns green — alerting you to a possible volume spike.
* The table updates every 5 bars to minimize performance lag.
Why it's useful:
* Helps you spot early signs of breakouts or trend reversals across multiple timeframes without switching charts.
* Saves time by putting all key volume signals in one easy-to-read location.
Customization:
* You can adjust lookback periods for each timeframe.
* You can change the spike threshold to suit your trading style.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.