Volume growth

Volume Spike vs Previous Day

Description:
This indicator highlights moments of unusually high trading activity by comparing the current bar’s volume to the previous one.
Whenever the current volume exceeds the previous bar’s volume by a specified multiple, the candle is highlighted, and a visual marker appears on the chart.

It’s a simple yet powerful tool to instantly spot sudden spikes in market participation — often signaling key moments of accumulation, distribution, or breaking news activity.

How it works:

Compares the current volume to the previous bar’s volume.

If the increase exceeds your chosen multiplier (for example, 10×), the bar is highlighted.

A green “VOL↑” marker is displayed below the bar for quick visual recognition.

Optional alert conditions allow you to get notified whenever a spike occurs.

Inputs:

Multiplier — sets how many times larger the current volume must be compared to the previous one (default: 10).

Best for:

Spotting sudden surges in interest or liquidity.

Identifying potential breakout or reversal zones.

Works on any asset and any timeframe.