Volume with High-Volume Highlight + Threshold

This indicator highlights true high-volume candles without guessing.
It compares the current bar’s volume to the average volume over the last X candles and highlights bars that exceed your chosen threshold (ex: 1.5× the average).

Features

Automatic high-volume detection

Customizable volume multiplier

Bull/bear color coding

Average volume line

Threshold line (shows exactly where “high volume” begins)

Optional on-chart label showing the required volume level

Alert for any high-volume bar

What It’s Used For

Identifying breakout strength

Confirming bounce setups at key levels

Spotting real buyers/sellers stepping in

Avoiding fake moves with weak volume

Simple Rule

If volume is greater than (Average × Multiplier) → the bar is highlighted.