Volume 200% Spike w/ MultiTF Color Logic

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Strategy Description: Volume-Confirmed Spike with Multi-Timeframe Heiken Ashi Agreement

This indicator highlights “SPIKE” events on the candlestick chart whenever a surge in trading volume coincides with momentum agreement across multiple timeframes and Heiken Ashi candle structure. Specifically, a “SPIKE” label is drawn below the candlestick when:

Volume Surge:
The current bar’s volume is at least 200% of the 20-bar simple moving average volume (on the chart’s timeframe).

Candle Nature Agreement:

The price bar and the double-smoothed Heiken Ashi candle (10,10 smoothing) are both bullish (close > open and HA close > HA open), or

Both are bearish (close < open and HA close < HA open).

Multi-Timeframe Volume Confirmation (Color Logic):

If the current, 1-hour, and 4-hour volumes are all above their respective 20-bar volume moving averages, the label is dark green (for bullish) or dark red (for bearish).

If only the current timeframe is spiking, the label is light green (bullish) or red (bearish).

Label Placement:
The “SPIKE” label is plotted well below the candle’s low, using a multiple of ATR for visual clarity.

Purpose:
This strategy is designed to highlight high-impact, high-conviction volume spikes only when both short-term price action and Heiken Ashi momentum are aligned—and to further emphasize signals that are confirmed by volume surges on higher timeframes.
It filters out low-quality or ambiguous spikes and helps traders spot strong, likely-continuation or reversal events driven by real market participation.

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Note di rilascio

Strategy Description: Multi-Timeframe, Heiken Ashi-Confirmed Volume Spike
This indicator flags high-conviction volume spikes below the price candles when several conditions are met, focusing on alignment between price action, Heiken Ashi trend, and multi-timeframe volume confirmation.

Signal Criteria:

Massive Volume Surge:

The current bar’s volume is at least 200% of the 20-bar moving average (on the chart’s timeframe).

Momentum Confirmation:

The price candle and the double-smoothed Heiken Ashi candle (smoothing: 10,10) are both bullish (green) or both bearish (red).

Multi-Timeframe Volume Confirmation & Signal Strength:

If the current, 1-hour, and 4-hour volumes are all above their respective 20-bar moving averages:

Bright green label = Strongest bullish spike

Bright red label = Strongest bearish spike

If only the current timeframe spikes:

Light green label = Weaker bullish spike

Dark red label = Weaker bearish spike

Signal Placement:

The “SPIKE” label is plotted a fixed distance below each qualifying candle (distance is a multiple of ATR), keeping the chart clear and readable.

Purpose:
This setup is designed to only highlight high-probability, high-momentum spike events—where both raw price action and Heiken Ashi momentum agree, and there’s real, broad-based volume behind the move.
Multi-timeframe volume confirmation (via bright colors) identifies the highest conviction signals, helping you focus on spikes with real institutional or market-moving participation.

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Note di rilascio

MTF Volume Spike Strategy with Flexible Color Logic
This indicator highlights price bars (“SPIKE” label) when there’s a strong and confirmed volume surge, with additional confirmation from two lower timeframes. The goal is to filter out weak or isolated spikes and only flag momentum events that show clear, broad-based volume participation.

Signal Criteria:

Volume Spike (Current Chart):
The current bar’s volume is at least 200% of its 20-period moving average.

Heiken Ashi Momentum Filter:

The regular candle and a double-smoothed Heiken Ashi (smoothing length = 10,10) must both be bullish (for a green spike) or both bearish (for a red spike).

Multi-Timeframe Volume Confirmation:

The script automatically checks the next two lower timeframes for volume spikes (each defined as their volume exceeding 200% of its 20-bar average for that timeframe).

Example:

If on the Daily chart, the script checks 4-hour and 1-hour charts.

If on the 4-hour chart, it checks 1-hour and 30-minute charts, etc.

If the current bar and at least one lower timeframe have a spike, the signal is considered “strong” (bright color).

If the current bar only has a spike (no confirmation from lower TFs), it’s “weak” (dark color).

Visuals:

“SPIKE” label appears below the bar, colored bright green/red for strong spikes and dark green/red for weak spikes.

Purpose:
To flag high-quality, high-conviction volume spikes that are confirmed across timeframes, signaling real momentum likely to attract follow-through from traders and institutions. This eliminates most of the noise from single-TF spikes, giving you actionable, visually obvious volume/momentum signals.