I like to know when spikes (only when it spikes). I am not interested in seeing the rest of the bars. I created this indicator to show me when it explodes (i.e. the name "Volume Bomb" , plus it sounds cool).
This indicator only shows you when exceeds the of by whatever multiplier you set.
Default settings are the current with 10 . Yellow arrowup will appear when is at 1.5x the 10 .
Adjust it to your liking and particular stock.
//Created by Robert N. 033015 // This indicator only shows you when volume exceeds the EMA of volume by whatever multiplier you set // Default settings are the current volume with 10 EMA. Yellow arrowup will appear when volume is at 1.5x the 10 EMA study(title="Volume Bomb", precision=0, overlay = false) EMovingAvg = ema(volume,input(10)) Multiplier=(volume >= (EMovingAvg * input(1.5))) plotshape(Multiplier, title="Vol", text='Vol', style=shape.arrowup, location=location.bottom, color=yellow)