Volume Spike Highlighter

Volume Spike Highlighter is a simple and effective volume-based tool designed to highlight abnormal trading activity.
It detects when the current volume exceeds the average volume by a customizable multiplier and visually emphasizes those bars with bright colors, making unusual buying or selling pressure easy to spot.

Features:

Highlights volume spikes with enhanced green/orange color

Normal volume remains standard red/green

Adjustable lookback period and spike multiplier

Includes a smooth volume moving average for context

Clean and lightweight, ideal for intraday or swing traders

This indicator helps traders quickly identify strong participation, breakouts, absorption zones, trap candles, and areas where institutions may be active.