Volume Spikes & Growing Volume Signals is a free TradingView indicator that detects sudden volume spikes and building volume momentum using DMI buy/sell pressure. It plots color-coded arrows for spikes, paints backgrounds when volume is growing, and includes an 8-ticker real-time scanner so you can monitor multiple markets at once. Works on all markets and timeframes.
What It Does
A three-part volume detection system, spike arrows, growing volume backgrounds and an 8-ticker scanner, all colored by DMI buy/sell pressure with full alerts.
When volume spikes above the long-term average (100+ bars, configurable) multiplied by your volume amount multiplier, an arrow appears on the chart. Green arrows indicate a bullish spike (DMI shows buying pressure). Red arrows indicate a bearish spike (DMI shows selling pressure). This catches the moments when large volume enters the market.
The background paints green or red (based on DMI pressure) when the short-term volume average (last 5 bars, configurable) exceeds the long-term average and is greater than your multiplier, or when the volume moving average has increased for 3 consecutive bars. This tells you volume is building momentum and volatility is likely coming, even before a full spike occurs.
A scanner table monitors up to 8 additional tickers in real time. When no volume growth or spikes are detected, a ticker shows as light blue. When volume spikes or growth is detected, the ticker turns orange. You can customize all 8 tickers to monitor your favorite markets.
You can set alerts for volume growth, bullish volume spikes and bearish volume spikes on any chart or timeframe.
Interpretation Guide
Watch for volume to pick up before placing trades. This helps you stay out of the market when price is choppy. Volume usually brings volatility, so when signals start appearing after a big move or during consolidation, the market is ready to reverse or accelerate in the current direction. Use the scanner to monitor multiple markets for volume activity simultaneously.
Different tickers have different volume characteristics. Some have large swings and some stay relatively even. Set up separate chart layouts with settings that work for each ticker and save them individually so you don’t have to reconfigure every time you switch charts.
CONFIGURATION
The indicator is highly customizable. Detailed tooltips in the settings explain each input.
Good To Know
FREE ON TRADINGVIEW
Add it to your TradingView charts and start catching volume spikes and building momentum today. No subscription required.
COMMON QUESTIONS
CHANGELOG
Optimized scanner performance and changed the default ticker XRP to AVAX due to errors from the delisting of XRP on Coinbase.
Updated scanner performance.
EXPLORE MORE
Free
DMI-colored volume bars with a real-time buy/sell pressure label. Use alongside volume spikes to see the directional pressure on every bar, not just the spike bars.
Free
4 moving averages with squeeze detection and volume spike signals built in. When the Combined MA squeeze releases at the same time volume spikes appear, you have a strong breakout confirmation.
Free
Colors price candles by DMI buy/sell pressure. See the pressure on candles while volume spikes tell you the magnitude. Two layers of volume and pressure data.
