repo32

Volume Bomb

I like to know when volume spikes (only when it spikes). I am not interested in seeing the rest of the volume bars. I created this indicator to show me when it explodes (i.e. the name "Volume Bomb" , plus it sounds cool).
This indicator only shows you when volume exceeds the EMA of volume by whatever multiplier you set.
Default settings are the current volume with 10 EMA . Yellow arrowup will appear when volume is at 1.5x the 10 EMA .
Adjust it to your liking and particular stock.
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//Created by Robert N. 033015
// This indicator only shows you when volume exceeds the EMA of volume by whatever multiplier you set
// Default settings are the current volume with 10 EMA.  Yellow arrowup will appear when volume is at 1.5x the 10 EMA

study(title="Volume Bomb", precision=0, overlay = false)
EMovingAvg = ema(volume,input(10))
Multiplier=(volume >= (EMovingAvg * input(1.5)))
plotshape(Multiplier, title="Vol", text='Vol', style=shape.arrowup, location=location.bottom, color=yellow)

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