Volume $ Spike Alert - Mustang Algo

Volume $ Spike Alert - Mustang Algo📊 Overview
Advanced volume analysis indicator that detects significant dollar volume spikes and generates intelligent buy/sell signals. Designed for traders seeking to identify institutional activity and potential market turning points through volume analysis.🎯 Key FeaturesDual Detection Modes

Absolute Threshold: Triggers alerts when volume exceeds fixed billion-dollar thresholds
Ratio vs Average: Detects spikes relative to historical moving average
Combined Mode: Uses both methods for maximum sensitivity
Smart Trading Signals

Auto Mode: Follows trend momentum (high volume + green = buy, red = sell)
Contrarian Mode: Identifies potential reversals (extreme volume = opposite signal)
Manual Modes: Force all signals as buy or sell based on your strategy
Visual Components

Color-coded volume histogram (Normal/Alert/Extreme levels)
Buy/Sell triangle markers on price chart
Moving average overlay for context
Real-time summary table with key metrics
📈 Use Cases

Institutional Activity Detection: Spot when big money enters/exits positions
Breakout Confirmation: Validate price moves with volume support
Reversal Identification: Extreme volume often marks tops/bottoms
Day Trading: Real-time alerts for volume-based entries/exits
⚙️ Customizable Parameters

Alert thresholds (billions $)
Moving average period (5-200)
Ratio multipliers for dynamic detection
Signal type selection
Display options for all visual elements
🔔 Built-in Alerts

Volume spike alerts (standard & extreme)
Buy signal alerts
Sell signal alerts
All alerts include ticker and volume data
💡 Trading Tips

Combine with price action for confirmation
Extreme volume + divergence = potential reversal
Use ratio mode for adaptive thresholds across different market conditions
Monitor the ratio value - above 5x average is significant, 10x+ is extreme
📝 Default Settings

Alert Threshold: $7.5 billion
Extreme Threshold: $9.0 billion
MA Period: 50 days
Alert Ratio: 5x average
Extreme Ratio: 10x average