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(EFS) Alert Volume Spike

1. March 2010
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eSignal Study:  This script was originally developed for the 6E 1-minute chart to indicate if there is a volume spike.  However, it may work with other symbols or time frames.

The idea is that when there is a large candle with high volume, this could indicate exhaustion and a possible price reversal. You can adjust the threshold to filter out smaller volume spikes.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

IMPORTANT: This script requires the Sound Pack.  You can download it here (free).

 


 

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