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Volume Spike Filter

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### Volume Spike Detector with Alerts

**Overview:**
This indicator helps traders quickly identify unusual spikes in trading volume by comparing the current volume against a simple moving average (SMA) threshold. It's particularly useful for beginners seeking clear signals of increased market activity.

**Settings:**

* **SMA Length:** Defines the period for calculating the average volume (default = 20).
* **Multiplier:** Determines how much the volume must exceed the SMA to be considered a spike (default = 1.5).
* **Highlight Spikes:** Toggle to visually highlight spikes on the chart (default = enabled).

**Signals:**

* 🟩 **Highlighted Background:** Indicates a volume spike that surpasses the defined threshold.
* 🏷️ **"Vol Spike" Label:** Clearly marks the exact bar of the spike for quick reference.

**Usage:**
Use these clear volume spike alerts to identify potential trading opportunities, confirmations, or shifts in market momentum. Combine this with other technical indicators for enhanced analysis.

Penafian

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