OPEN-SOURCE SCRIPT
Atualizado

Volume Breakout (ValueRay)

5481
Easy visuals on, if volume is way over average. Good for Mean Reverting. Higher Volume tends to higher breakout chances.

Please whisper me for for ideas how to make this better. Its a very simple script, but got some alpha. If you know how to improve, let me know and i will code it into.
Notas de Lançamento
- Updated to PineScript Version 5
- Volume Breakout is now calculated via Standard Deviation than via Multiply
- Yellow Line = mean
- Red Column Volume = Volume below mean
- Green Column Volume = Volume above mean but below one Standard Deviation (chance 34.1%)
- Light Green Volume Breakout is above one Standard Deviation away from mean. Chances there are: 50% - 34.1 = 15.9%
Notas de Lançamento
- Update Picture
- Naming of Inputs
Notas de Lançamento
- color update for better visibilty
- code cleanup
Notas de Lançamento
- Adding Price Gaps Up/Down on top of the Volume.
- The color of the Gaps equals the size of the Gap.
- You can define a minimum Gap percentage.
Notas de Lançamento
- Adding "Volume Divergence": a small Triangle Up below the Volume, when the Price is going up, allthough the Volume is low and showing Relative Strength
- Adding a additional 4% Gap Up as a minimal Gap Up Break Out
- Performance Tweeks
Notas de Lançamento

  • Better default values
  • Shows a warning on extreme moves
Notas de Lançamento

  • Slight Color Changes
  • Better Symbols
  • Better Breakout Logic
Notas de Lançamento
Better Visuals
  1. Colors (Cold to Warm)
  2. Middle Line as Moving Average


Small calculation changes
Notas de Lançamento
- Updated Colors and Drawings
- Updated various code parts to optimize the calculations
- Added "new high" showing a purple diamong when Volume reached a new 12m high

Aviso legal

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