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 v5 · Own pane
Volume Spike Analysis
An indicator in a separate pane that judges whether the current bar's volume is unusual by comparing it with the history of earlier high-volume bars rather than with a moving average.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code167
Settings3inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Volume Spike Analysis finds how long ago volume last reached the current level, ranks that gap as a percentile, and measures the spike against the median, average or lowest volume of the bars in between. Bars passing both percentile thresholds are highlighted. Settings are the two thresholds and the reference method.
- Volume compared with earlier high-volume bars
- Gap percentile and spike percentile thresholds
- Median, average or lowest volume reference
- Highlighting of bars that pass both tests
Details
Published by
ivansoft on GitHub
Code credit
Trendoscope, as written in the script's header
Type
Indicator, Pine Script v5
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
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Last High Volume Distance Percentile | int | 90 | highVolumeDistanceThreshold |
| Volume Spike Reference | string | median | volumeSpikeReference |
| Volume Spike Threshold | int | 85 | volumeSpikeThreshold |
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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