Climax Volume Filter

This script helps filter out volume spikes caused by sudden market events (e.g. CPI, FOMC), which can distort volume-based analysis.
It identifies and optionally smooths or excludes high “climax” candles to provide a clearer view of natural volume trends during pullbacks and consolidations.

Use it to:
• Avoid misreading volume during news events
• Improve your reading of exhaustion vs. continuation
• Support better entry timing during flag or FVG setups