Volume Surge
Volume Surge is a measurement of relative volume. It compares the current bar volume with the volume over the last x bars (by default, 100 bars). Two measurements are available: Volume Surge Today (compares the most recent bar volume with the last 100 bars) and Volume Surge 5-day (which makes the comparison of the average volume over the previous 5 bars with the average of the last 200 bars).
Note: Volume surge PCF formulas: Today's Volume Surge (V/AVGV100); Volume Surge 5-day (AVGV5/AVGV200*100).
Click the Add Plot Button to open the plot library.
![](https://media.screensteps.com/image_assets/assets/007/967/574/original/bd3c36ab-145d-4a5a-ab74-bbbb41e51528.png)
Type part of the phrase Volume Surge to narrow the list.
![](https://media.screensteps.com/image_assets/assets/007/967/576/original/015184d9-cdcd-414f-8cc8-c280e8fb9916.png)
Choose the desired volume surge plot.
This will add the volume surge indicator to your chart.
![](https://media.screensteps.com/image_assets/assets/007/967/578/original/f2022a07-4614-455c-be0f-0ed251a32ecc.png)
The scale represents how many times today's volume is compared to the average volume of the previous 100 bars (e.g. 1.5 on the scale is 1 and 1/2 times the average volume).
Volume Surge calculations are also available to use in any feature that uses conditions.