Volume Candle

Volume Candle (VolCandle)

This indicator highlights candles with unusually high volume compared to a moving average volume baseline. It helps traders easily spot heavy trading activity that may signal strong buying or selling interest.

Key Features:
Colors candles differently based on volume and price action:

High volume bullish candles shown in bright green.

High volume bearish candles shown in red.

Normal volume candles use muted silver/gray colors.

Shows volume labels (in thousands) on high volume candles for quick reference.

Highlights candle background on high volume bars for visual emphasis.

Displays a statistical table summarizing current volume, volume moving average, threshold, volume ratio, and status.

Configurable parameters for volume average period and volume threshold factor.

Alerts for high volume bullish or bearish candles to catch key market moves.

This tool is useful for volume-based trade confirmation, spotting breakouts, reversals, or strong momentum driven by increased market participation.