Description
Volume Bubbles – cTrader Custom Indicator
Volume Bubbles is a lightweight yet powerful visual indicator for cTrader that highlights candles with exceptional volume directly on the price chart.
Instead of staring at the volume histogram and trying to guess which bars truly matter, this tool automatically detects when the current candle’s volume is significantly higher than the recent average and draws a bubble (circle icon) on that bar:
- For bullish candles, a bubble is drawn below the low of the candle.
- For bearish candles, a bubble is drawn above the high of the candle.
This makes it extremely easy to spot potential climactic moves, areas of strong interest from large players, or possible exhaustion points in the trend.
Key Features
- ✅ Detects high-volume candles using a Moving Average of tick volume
- ✅ Draws clear bubbles on the chart (no extra subwindow needed)
- ✅ Different colors for bullish and bearish volume spikes
- ✅ Adjustable offset in pips to position bubbles away from the candle
- ✅ Option to show bubbles only on the latest bar (for real-time trading)
Inputs / Parameters
- Volume Period – Number of bars used for the volume moving average.
- Volume Multiplier – How many times above the average volume a bar must be to trigger a bubble.
- Offset (pips) – Distance between the bubble and the candle high/low.
- Bull Bubble Color – Color of bubbles on bullish candles.
- Bear Bubble Color – Color of bubbles on bearish candles.
- Show Only Last Bar – If true, displays bubbles only on the current live bar.
How to Use
Add Volume Bubbles to your chart and use it as a visual filter to:
- Confirm breakouts backed by strong volume
- Spot possible reversals or exhaustion candles
- Identify zones where big players may be active
It’s not a standalone trading system, but it’s an excellent companion tool to any price action or trend-following strategy that cares about volume.
👉 Join here: Algotrendit Volume Bubbles
Inside the server you’ll find:
- Support for this and other cBots/indicators
- Strategy discussion and optimization ideas
- Updates, news, and future tools I release
Summary
Key features include adjustable parameters such as the volume period for averaging, volume multiplier threshold, bubble offset in pips, and customizable colors for bullish and bearish volume spikes. Users can also choose to display bubbles only on the latest bar for real-time trading. The indicator integrates directly on the price chart without requiring additional subwindows.
Volume Bubbles serves as a visual filter to confirm breakouts supported by strong volume, spot possible reversals or exhaustion candles, and identify zones of significant market activity. It complements price action and trend-following strategies by providing volume-based insights across various markets including forex, indices, commodities, stocks, and cryptocurrencies.
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