Volume Spike Levels finds specific high-volume patterns that are the most likely to act as strong support and resistance levels and plots them on the chart. Using those high-probability levels, the indicator shows lines in real time as well as lines and important zones at the beginning of higher timeframes to give you specific levels and areas where price is likely to react.
The most important volume zone for each timeframe has a color fill between the top and bottom lines of that high-probability zone so you know to pay extra close attention to that area and look for price reactions there. If you can be patient enough to wait for price to hit these important areas and start to reverse, you will get great entries and help keep yourself from overtrading.
UNDER THE HOOD
The indicator detects high-probability volume spike patterns in real time and plots them as horizontal support and resistance lines on your chart. When a qualifying volume spike occurs, a line is drawn at that price level and extends for the duration of the timeframe it belongs to. These levels represent areas where significant volume entered the market and where price is likely to react on a retest.
For each timeframe, the indicator identifies the most important volume zone and draws a color-filled area between the top and bottom of that zone. These shaded zones highlight the areas most likely to produce strong price reactions and are the highest-priority levels to watch.
The indicator has two modes that affect how real-time levels display on your chart (higher timeframe levels are not affected):
The indicator generates levels across real-time timeframes and higher timeframes simultaneously. You can display daily, weekly, monthly, quarterly, and yearly volume spike levels alongside your real-time levels, giving you a layered view of significant volume areas across multiple time horizons.
Alerts are programmed for every type of volume spike level available. You can set alerts for when a new volume spike occurs on any real-time timeframe, when price crosses the most recent real-time level for each timeframe, when price crosses any higher timeframe level, and when price crosses the upper or lower boundary of any important volume zone.
HOW TO TRADE WITH IT
Look for this setup when price has broken out of its recent trading range either to the upside or the downside. When price is extending, look to take entries once a volume spike level shows up on the chart and price retraces back to that level. Take your entry in the same direction as the trend. You can scalp quick wins this way, or wait for the next volume spike level to show up and exit when price can’t hold that level. Place your stop loss just beyond the pivot that bounced off the volume level.
Use this setup when the market is ranging. Look for the top and bottom of the recent range and find the volume spike levels near those extremes. Wait for price to reach those levels and start to show a reversal. Take your entry on the reversal, scalp quick wins, or hold for price to reach the next major volume spike level. Place your stop loss just beyond the pivot that price made at the volume spike level where you entered.
Pay close attention to how price reacts to the important volume zones. Many times, price will range inside or near these zones and then form an accumulation just above or below the zone. When this happens, price is likely to move quickly in the direction it breaks away from the zone. Look to trade that breakout in the same direction price moved away from the zone.
Whatever volume spike timeframes you are using for your overall trend analysis, you can use a lower timeframe’s volume spike levels as price points to trail your stop loss. Once price becomes supportive at those lower timeframe levels and moves past them, trail your stop to that level.
CONFIGURATION
Every setting in the settings panel has a tooltip. Hover your mouse over the “i” icon next to any setting to see a description. For the non-real-time levels, the daily level settings contain the tooltips that explain the logic, and that info applies to all higher timeframe levels.
Each timeframe has its own independent controls:
Master controls allow you to adjust settings across all timeframes at once:
Bar Index Threshold To Fix Errors: If the indicator shows an “index out of bounds” error, hover over the red exclamation point to find the index number in the error message, then set this value slightly higher than that number. This adjusts calculations to work with charts that have limited historical data.
Stay Notified
The indicator has alerts programmed for every type of volume spike level. Available alert types:
Each alert is labeled the same as in the indicator settings so you can easily select which one you want.
Important: Alerts only work when the corresponding levels are turned on and visible on your chart. For example, if you want alerts for Realtime 2 Volume Spikes, the Realtime 2 Volume Spike Levels must be enabled.
Price crossing alerts only fire when price crosses the most recent volume spike level for that timeframe. They will not fire for previous levels of the same timeframe.
Good To Know
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COMMON QUESTIONS
EXPLORE THE SUITE
Premium Suite
Generates directional trade signals based on price action and momentum. Combine with Volume Spike Levels to confirm entries at high-volume support and resistance zones.
Premium Suite
Designed for fast scalping on the 1-minute chart. Pairs naturally with Volume Spike Levels’ real-time levels for scalp entries at volume-confirmed price zones.
Premium Suite
Identifies trend direction and momentum shifts across multiple timeframes. Use alongside Volume Spike Levels to confirm that volume-detected support and resistance levels align with the broader trend direction.
