OPEN-SOURCE SCRIPT
Ajau — Volume Spike Split (Buy vs Sell)
EN (English Summary)
This indicator highlights volume spikes above average and splits them by candle direction:
Bullish spike (close ≥ open): triangle-up under the bar (+ optional bar coloring)
Bearish spike (close < open): triangle-down above the bar (+ optional bar coloring)
Designed to be single-panel, minimal, and easy on the eyes.
Logic
Average volume = SMA(len)
Threshold modes:
Multiple (x), e.g., 2.0 → current volume > 2× avg
Percent (%), e.g., 100% → equals 2× avg
Spike = volume > threshold
Key Inputs
Use Multiple Instead of % (recommended)
Spike Multiple (x) (default 2.0)
Spike Ratio % (when Multiple is OFF; 100 = 2×)
Volume Average Length (SMA) (default 21)
Color candles on spikes
Show UP/DOWN marker
Quick Start
Add to chart
Set Use Multiple = ON and Spike Multiple = 2.0 for a 2× rule
Turn Color candles on spikes off if you prefer original chart colors
Alerts: Create Alert → Bullish / Bearish Volume Spike
Educational use only. Not financial advice.
แท็กแนะนำ (Tags)
volume spike, relative volume, rvol, high volume, breakout, accumulation, distribution, momentum, volatility, scalping, swing
This indicator highlights volume spikes above average and splits them by candle direction:
Bullish spike (close ≥ open): triangle-up under the bar (+ optional bar coloring)
Bearish spike (close < open): triangle-down above the bar (+ optional bar coloring)
Designed to be single-panel, minimal, and easy on the eyes.
Logic
Average volume = SMA(len)
Threshold modes:
Multiple (x), e.g., 2.0 → current volume > 2× avg
Percent (%), e.g., 100% → equals 2× avg
Spike = volume > threshold
Key Inputs
Use Multiple Instead of % (recommended)
Spike Multiple (x) (default 2.0)
Spike Ratio % (when Multiple is OFF; 100 = 2×)
Volume Average Length (SMA) (default 21)
Color candles on spikes
Show UP/DOWN marker
Quick Start
Add to chart
Set Use Multiple = ON and Spike Multiple = 2.0 for a 2× rule
Turn Color candles on spikes off if you prefer original chart colors
Alerts: Create Alert → Bullish / Bearish Volume Spike
Educational use only. Not financial advice.
แท็กแนะนำ (Tags)
volume spike, relative volume, rvol, high volume, breakout, accumulation, distribution, momentum, volatility, scalping, swing
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.