OPEN-SOURCE SCRIPT
Atualizado Volume Breakout [Afnan]

Introducing the Relative Volume / Volume Breakout Multiplier (RVI), RVI is specifically designed for traders who incorporate volume breakout analysis into their trading strategies, particularly breakout traders.
This indicator provides a unique perspective on volume dynamics by quantifying the extent of volume breakouts in relation to the Simple Moving Average (SMA). It offers an upgraded version of the default volume indicator on TradingView, with the added feature of Relative Volume.
For example, if the volume SMA is 100M and the current volume is 200M, the indicator will return a breakout number of 2.0, indicating that the current volume is twice that of the volume SMA. Conversely, if the volume SMA is 100M and the current volume is 50M, the indicator will return a value of 0.50, indicating that the current volume is half of the volume SMA.
This tool can be a very helpful for breakout traders, helping them identify potential trading opportunities and assess volume strength more effectively. this indicator is a must-have in the toolkit of any trader who focuses on volume breakout analysis.
Remember, every tool we use, every analysis we perform, is a step towards becoming better traders. So, let’s embrace this journey of continuous learning and improvement together. As the saying goes, “The only limit to our realization of tomorrow will be our doubts of today." Let’s step into the future with confidence, armed with the right tools and the right mindset.
Lastly, a big thank you for your support, your likes, and your comments. They mean a lot! If you have any questions, feel free to ask. Together, let’s make trading a rewarding experience!
This indicator provides a unique perspective on volume dynamics by quantifying the extent of volume breakouts in relation to the Simple Moving Average (SMA). It offers an upgraded version of the default volume indicator on TradingView, with the added feature of Relative Volume.
For example, if the volume SMA is 100M and the current volume is 200M, the indicator will return a breakout number of 2.0, indicating that the current volume is twice that of the volume SMA. Conversely, if the volume SMA is 100M and the current volume is 50M, the indicator will return a value of 0.50, indicating that the current volume is half of the volume SMA.
This tool can be a very helpful for breakout traders, helping them identify potential trading opportunities and assess volume strength more effectively. this indicator is a must-have in the toolkit of any trader who focuses on volume breakout analysis.
Remember, every tool we use, every analysis we perform, is a step towards becoming better traders. So, let’s embrace this journey of continuous learning and improvement together. As the saying goes, “The only limit to our realization of tomorrow will be our doubts of today." Let’s step into the future with confidence, armed with the right tools and the right mindset.
Lastly, a big thank you for your support, your likes, and your comments. They mean a lot! If you have any questions, feel free to ask. Together, let’s make trading a rewarding experience!
Notas de Lançamento
Some minor enhancements have been made.Notas de Lançamento
Improvements have been made to enhance the visibility and overall experience.Notas de Lançamento
Converted to Pine Script version 6Notas de Lançamento
🚀 What's New:1. ATRP (Average True Range Percentage) – Added to help you spot high-volatility stocks and avoid low-move setups.
➤ On daily timeframe, ATRP above 3 is ideal for Indian stocks.
➤ Also helps in risk management — your stop-loss % should be equal to or greater than ATRP, but not more than double the ATRP value.
2. Sector Information – Displays the sector of the current stock, if available.
➤ Useful for sector analysis and peer comparison.
✅ Both features are enabled by default
⚙️ Easily turn them on/off in settings as per your need.
Notas de Lançamento
Minor enhancement: Added '%' prefix to ATRP.Notas de Lançamento
update Notas de Lançamento
Enhanced Notas de Lançamento
Major Enhancements:- 5-Color Volume System: Smart color coding for different volume levels
- Pine Script Screener Compatible: Alerts designed to work with Pine Script screening tools for opportunity detection
🎨 Visual Improvements
- Custom Color Settings: Full control over volume colors
- Smart Label System: Choose All, Smart, or Minimal display modes
⚡ Key Features
- Volume Breakout Alerts: Immediate notifications for high volume
- Multi-Level Analysis: Separate mild and high volume detection
- Enhanced Performance: Faster loading with optimized code
🔔 Alert System
- High Volume Breakout Alerts
- Mild Volume Activity Alerts
- Volume Spike Detection
- b]Pine Screener Integration: Compatible with screening tools to identify volume opportunities across multiple symbols
Notas de Lançamento
Introduced a Dashboard Overlay feature, allowing ATRP and industry details to be displayed directly on the price chart. This feature is disabled by default.Text color customization option has also been added.
Notas de Lançamento
.Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Access the powerful Demand and Supply Zone Pro indicator at:
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Access the powerful Demand and Supply Zone Pro indicator at:
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.