Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v6 · Own pane
Volume Spike Alert
This indicator highlights unusually high trading volume relative to a moving average baseline.
GitHub stars3on the repository
Pine versionv6current
Lines of code18
Settings2inputs
LicenceGPL-3.0
Last updatetoday28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
18 lines of Pine Script v6 from src/script_manager/demos/Volume Spike Alert.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Example script bundled with DegenView. Edit it freely.
// Volume columns, orange when a bar trades several times the recent average.
// On a live chart, "Create Alert…" in the chart's Scripts tab turns the alert()
// below into a notification. History never notifies.
indicator("Volume Spike Alert", overlay = false)
length = input.int(20, "Average length", minval = 2)
multiplier = input.float(3.0, "Spike multiplier", minval = 1.0, step = 0.5)
threshold = ta.sma(volume, length)[1] * multiplier
spike = volume > threshold
plot(volume, "Volume", style = plot.style_columns, color = spike ? color.orange : color.new(color.gray, 60))
plot(threshold, "Threshold", color = color.red)
if spike
alert("Volume spike on " + syminfo.ticker + ": " + str.tostring(volume / (threshold / multiplier), "#.0") + "x the average", alert.freq_once_per_bar_close)
Overview
Volume Spike Alert calculates a volume threshold by multiplying a simple moving average of previous volume bars by a user-defined factor. Volume is plotted as a column chart in a separate pane, changing color to orange when a spike occurs. A red line indicates the dynamic threshold level, and the script triggers a bar-close alert detailing the spike intensity.
- Volume spike threshold calculation
- Dynamic threshold visualization
- Visual column color highlighting
- Customizable volume SMA length and multiplier
- Bar-close alert notifications
Details
Published by
degenview on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
bitcoinchartscryptopinestocktradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Average length | int | 20 | length |
| Spike multiplier | float | 3.0 | multiplier |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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