Premarket High/Low Breakout AlertsPremarket High/Low Breakout Alerts
Description: This custom TradingView indicator helps you track premarket breakouts and breakdowns for a list of selected stocks. The indicator monitors the premarket session and sends an alert every time the stock's price breaks above the premarket high or below the premarket low.
Key Features:
Track Multiple Stocks: Easily monitor multiple stocks (e.g., AAPL, TSLA, NVDA, etc.) and get alerts when they break premarket levels.
Premarket Session Monitoring: The indicator checks for price movements during the premarket session (4:00 AM to 9:30 AM EST).
Customizable Ticker List: Modify the list of tickers directly from the TradingView settings to suit your daily trading needs.
Breakout and Breakdown Alerts: Receive instant alerts for both breakout (above premarket high) and breakdown (below premarket low) conditions.
Plot Premarket Levels: The premarket high and low levels are plotted on the chart for easy reference.
How to Use:
Add this indicator to your chart.
Go to the indicator settings and input your desired stock tickers (e.g., AAPL, TSLA, MSFT).
The indicator will automatically track the premarket levels and send alerts when those levels are broken.
Customize the tickers daily if needed.
Ideal For:
Day Traders who want to track premarket movements.
Swing Traders looking for strong breakouts from premarket levels.
Scalpers who need quick alerts to catch price action early.
חפש סקריפטים עבור "break"
Stochastic Trendlines with Breakouts [Jamshid] - EnhancedStochastic Trendlines with Breakouts - Enhanced Version
This advanced Stochastic Trendlines with Breakouts script combines several powerful features to provide enhanced breakout detection based on the Stochastic Oscillator and additional confirmation signals. This script is designed to help traders identify key trend reversals, breakout points, and pivot levels with more accuracy by integrating advanced filters such as RSI confirmation, moving average trend filtering, volatility filtering, divergence detection, and multi-timeframe analysis.
Key Features:
Stochastic Oscillator-Based Breakouts:
Automatically detects breakouts based on the smoothed Stochastic Oscillator values (%K and %D), providing insights into overbought and oversold conditions.
Customizable overbought and oversold levels, with a mid-level (50) line for additional reference.
Trendlines on Pivot Points:
Automatically plots dynamic trendlines based on pivot highs and lows of the smoothed Stochastic %K, helping to visualize potential reversal points.
RSI Confirmation (Optional):
Filters breakout signals using the Relative Strength Index (RSI) to confirm breakouts only when the RSI is below 50 for downtrend breakouts and above 50 for uptrend breakouts.
Visual confirmation with a green "RSI Conf." label displayed on the chart when the RSI condition is met.
Moving Average Filter (Optional):
Confirms breakout signals in the direction of a user-defined Moving Average (MA) to trade in the overall market trend direction.
MA length is fully customizable.
Stochastic Divergence Filter (Optional):
Detects bullish or bearish divergence between the price and Stochastic Oscillator values, adding an extra layer of confirmation.
Multi-Timeframe Confirmation (Optional):
Confirms breakouts by checking the Stochastic %K and %D values from a higher timeframe. This helps in avoiding false signals by aligning with the broader market trend.
The higher timeframe can be customized to any timeframe (e.g., daily, weekly, etc.).
Volatility Filter (Optional):
Uses the ATR (Average True Range) to filter out breakouts during periods of low volatility, ensuring signals are only triggered when there is sufficient price movement.
ATR length and multiplier are fully customizable.
Custom Alerts:
Alerts are available for new trendline detections (both pivot high and pivot low) and for confirmed breakout signals. These alerts help traders stay informed in real-time without needing to monitor the chart continuously.
How to Use:
Customize the Stochastic Oscillator settings, such as %K smoothing and %D line parameters, to fit your trading strategy.
Enable or disable additional filtering features (RSI, MA, divergence, MTF, volatility) as needed.
Set up alerts for specific breakout conditions directly in TradingView to stay notified when breakout signals are triggered.
This script is designed for traders who are looking for precision breakout signals with added layers of confirmation to avoid false breakouts and enhance trading accuracy.
Expectation Breakers [QuantVue]In technical analysis, an "Expectation Breaker" refers to a market event where price action defies typical patterns and anticipated movements, signaling potential shifts in market sentiment and direction.
This indicator looks to take advantage of these opportunities by identifying 2 types of Expectation Breakers: Downside Reversal Buybacks and Upside Reversal Sellbacks.
Downside Reversal
A downside reversals occur when a stock reaches a new high for the user defined lookback period (65 bars by default), and then experiences a larger-than-average drop and closes near its lows. This usually indicates that the market has overextended itself. The expectation is that there will be 2-3 bars of significant selling, following the downside reversal.
However, a notable sign of strength is if the stock rebounds and closes above the downside reversal bar's high within 1-3 bars. This is known as a Downside Reversal Buyback. A rapid recovery following a downside reversal is a powerful bullish indicator, breaking the expectation of lower prices. The quicker price recovers from a downside reversal, the more meaningful it is. Such a swift rebound suggests that the market's strength was underestimated, as downside reversals typically signal a short-term decline.
Upside Reversal
An upside reversal occurs when a stock reaches a new low for the user-defined lookback period (65 bars by default), and then experiences a larger-than-average rise and closes near its highs. This usually indicates that the market has overextended itself to the downside. The expectation is that there will be 2-3 bars of significant buying, following the upside reversal.
However, a notable sign of weakness is if the stock falls back and closes below the upside reversal bar's low within 1-3 bars. This is known as a Upside Reversal Sellback. A rapid fallback following an upside reversal is a powerful bearish indicator, breaking the expectation of higher prices. The quicker price falls back from an upside reversal, the more meaningful it is. Such a swift fallback suggests that the market's weakness was underestimated, as upside reversals typically signal a short-term rally.
The Expectation Breakers indicator identifies these opportunities by first identifying new highs and lows within a defined lookback period. It then compares the true range (TR), average true range (ATR), and closing range to confirm the significance of these reversals. The use of TR and ATR ensures that the reversals are substantial enough to indicate a genuine shift in market sentiment, helping to identify when price action breaks expectations.
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ORB Heikin Ashi SPY 5min Correlation StrategyOverview:
The ORB (Opening Range Breakout) strategy combined with Heikin Ashi candles and Relative Volume (RVOL) indicator aims to capitalize on significant price movements that occur shortly after the market opens. This strategy identifies breakouts above or below the opening range, using Heikin Ashi candles for smoother price visualization and RVOL to gauge the strength of the breakout.
Components:
Opening Range Breakout (ORB): The strategy starts by defining the opening range, typically the first few minutes of the trading session. It then identifies breakouts above the high or below the low of this range as potential entry points.
Heikin Ashi Candles: Heikin Ashi candles are used to provide a smoother representation of price movements compared to traditional candlesticks. By averaging open, close, high, and low prices of the previous candle, Heikin Ashi candles reduce noise and highlight trends more effectively.
Relative Volume (RVOL): RVOL compares the current volume of a stock to its average volume over a specified period. It helps traders identify abnormal trading activity, which can signal potential price movements.
Candle for correlation : In this case we are using SPY candles. It can also use different asset
Strategy Execution:
Initialization: The strategy initializes by setting up variables and parameters, including the ORB period, session timings, and Heikin Ashi candle settings.
ORB Calculation: It calculates the opening range by identifying the high and low prices during the specified session time. These values serve as the initial reference points for potential breakouts. For this we are looking for the first 30 min of the US opening session.
After that we are going to use the next 2 hours to check for breakout opportunities.
Heikin Ashi Transformation: Optionally, the strategy transforms traditional candlestick data into Heikin Ashi format for smoother visualization and trend identification.
Breakout Identification: It continuously monitors price movements within the session and checks if the current high breaches the ORB high or if the current low breaches the ORB low. These events trigger potential long or short entry signals, respectively.
RVOL Analysis: Simultaneously, the strategy evaluates the relative volume of the asset to gauge the strength of the breakout. A surge in volume accompanying the breakout confirms the validity of the signal. In this case we are looking for at least a 1 value of the division between currentVolume and pastVolume
Entry and Exit Conditions: When a breakout occurs and is confirmed by RVOL and is within our session time, the strategy enters a long or short position accordingly. It does not have a stop loss or a takie profit level, instead it will always exit at the end of the trading session, 5 minutes before
Position Sizing and Commissions: For the purpose of this backtest, the strategy allocated 10% of the capital for each trade and assumes a trading commission of 0.01$ per share ( twice the IBKR broker values)
Session End: At the end of the trading session, the strategy closes all open positions to avoid overnight exposure.
Conclusion:
The combination of ORB breakout strategy, Heikin Ashi candles, and RVOL provides traders with a robust framework for identifying and capitalizing on early trends in the market. By leveraging these technical indicators together, traders can make more informed decisions and improve the overall performance of their trading strategies. However, like any trading strategy, it's essential to backtest thoroughly and adapt the strategy to different market conditions to ensure its effectiveness over time.
52 Week High/Low to YesterdayThis script adds the 52 weeks (one year) high/low to the chart but it wouldn't update the value on the current trading day, so that it would remain at the same level for the whole trading day. It can come really handy for day trading the day of the 52 weeks high/low breakout/breakdown.
Consolidation Breakout Signal//@version=5
indicator("Consolidation Breakout Signal", overlay=true, timeframe="")
// Inputs
length = input.int(20, "Consolidation Lookback")
atrMult = input.float(1.5, "ATR Breakout Multiplier")
bbLength = input.int(20, "Bollinger Band Length")
bbMult = input.float(2.0, "Bollinger Band Width Multiplier")
// ATR for volatility
atr = ta.atr(length)
// Bollinger Bands for consolidation
basis = ta.sma(close, bbLength)
dev = bbMult * ta.stdev(close, bbLength)
upperBB = basis + dev
lowerBB = basis - dev
bbWidth = (upperBB - lowerBB) / basis * 100
// Define consolidation as narrow BB width
consolidation = bbWidth < ta.sma(bbWidth, length)
// Breakout conditions
breakUp = consolidation and close > upperBB and close > close + atrMult * atr
breakDown = consolidation and close < lowerBB and close < close - atrMult * atr
// Plot Bollinger Bands
plot(upperBB, "Upper BB", color=color.new(color.blue, 70))
plot(lowerBB, "Lower BB", color=color.new(color.blue, 70))
// Plot signals
plotshape(breakUp, title="Breakout Up", style=shape.labelup, color=color.green, text="UP 🔼", size=size.large, location=location.belowbar)
plotshape(breakDown, title="Breakout Down", style=shape.labeldown, color=color.red, text="DOWN 🔽", size=size.large, location=location.abovebar)
// Alerts
alertcondition(breakUp, title="Breakout Up Alert", message="Big Up Move Likely 🚀")
alertcondition(breakDown, title="Breakout Down Alert", message="Big Down Move Likely 📉")
Low Volatility Breakout in Trend
█ OVERVIEW
"Low Volatility Breakout in Trend" is a technical analysis tool that identifies periods of low-volatility consolidation within an ongoing trend and signals potential breakouts aligned with the trend's direction. The indicator detects trends using a simple moving average (SMA) of price, identifies consolidation zones based on the size of candle bodies, and displays the percentage change in volume (volume delta) at the breakout moment.
█ CONCEPTS
The core idea of the indicator is to pinpoint moments where traders can join an ongoing trend by capitalizing on breakouts from consolidation zones, supported by additional information such as volume delta. It provides clear visualizations of trends, consolidation zones, and breakout signals to facilitate trading decisions.
Why Use It?
* Breakout Identification: The indicator locates low-volatility consolidation zones (measured by the size of individual candle bodies, not the price range of the consolidation) and signals breakouts, enabling traders to join the trend at key moments.
* Volume Analysis: Displays the percentage change in volume (delta) relative to its simple moving average, providing insight into market activity rather than acting as a signal filter.
* Visual Clarity: Colored trend lines, consolidation boxes (drawn only after the breakout candle closes, not on subsequent candles), and volume delta labels enable quick chart analysis.
* Flexibility: Adjustable parameters, such as the volatility window length or SMA period, allow customization for various trading strategies and markets.
How It Works
* Trend Detection: The indicator calculates a simple moving average (SMA) of price (default: based on the midpoint of high/low) and creates dynamic trend bands, offset by a percentage of the average candle height (band scaling). A price above the upper band signals an uptrend, while a price below the lower band indicates a downtrend. Trend changes occur not when the price crosses the SMA but when it crosses above the upper band or below the lower band (offset by the average candle height multiplied by the scaling factor).
* Consolidation Identification: Identifies low-volatility zones when the candle body size is smaller than the average body size over a specified period (default: 20 candles) multiplied by a volatility threshold — the maximum allowable body size as a percentage of the average body (e.g., 2 means the candle body must be less than twice the average body to be considered low-volatility).
* Breakout Signals: A breakout occurs when the candle body exceeds the volatility threshold, is larger than the maximum body in the consolidation, and aligns with the trend direction (bullish in an uptrend, bearish in a downtrend).
* Visualization: Draws a trend line with a gradient, consolidation boxes (appearing only after the breakout candle closes, marking the consolidation zone), and volume delta labels. Optionally displays breakout signal arrows.
* Signals and Alerts: The indicator generates signals for bullish and bearish breakouts, including the volume delta percentage. Alerts are an additional feature that can be enabled for notifications.
Settings and Customization
* Volatility Window: Length of the period for calculating the average candle body size (default: 20).
* Volatility Threshold: Maximum candle body size as a percentage of the average body (default: 2).
* Minimum Consolidation Bars: Number of candles required for a consolidation (default: 10).
* SMA Length for Trend: Period of the SMA for trend detection (default: 100).
* Band Scaling: Offset of trend bands as a percentage of the average candle height (default: 250%), determining the distance from the SMA.
* Visualization Options: Enable/disable consolidation boxes (Show Consolidation Boxes, drawn after the breakout candle closes), volume delta labels (Show Volume Delta Labels), and breakout signals (Show Breakout Signals, e.g., triangles).
* Colors: Customize colors for the trend line, consolidation boxes, and volume delta labels.
█ OTHER SECTIONS
Usage Examples
* Joining an Uptrend: When the price breaks out of a consolidation in an uptrend with a volume delta of +50%, open a long position; the signal is stronger if the breakout candle surpasses a local high.
* Avoiding False Breakouts: Ignore breakout signals with low volume delta (e.g., below 0%) and combine the indicator with other tools (e.g., support/resistance levels or oscillators) to confirm moves in low-activity zones.
Notes for Users
* On markets that do not provide volume data, the indicator will not display volume delta — disable volume labels and enable breakout signals (e.g., triangles) instead.
* Adjust parameters to suit the market's characteristics to minimize noise.
* Combine with other tools, such as Fibonacci levels or oscillators, for greater precision.
OBR 15min Session Opening Range Breakout + Volume Trend DeltaQuick Overview
This Pine Script plots the opening range for London and New York sessions, highlights breakout levels, draws previous session pivots, and offers a live volume delta table for trend confirmation.
Session Opening Range
- Captures the high/low of the first 15 minutes (configurable) for both London & NY sessions.
- Fills the range area with adjustable semi‑transparent colors.
- Optional alerts fire on breakout above the high or below the low.
Previous Session Levels
- Automatically draws previous day’s High, Low, Open and previous 4‑hour High/Low.
- Helps identify key S/R zones as price approaches ORB breakouts.
Volume Trend Delta
- Uses a CMO‑weighted moving average and ATR bands to detect trend state.
- Accumulates bullish vs. bearish volume during each trend.
- Displays Bull Vol, Bear Vol, and Delta % in a movable table for quick strength checks.
How to Use
1. Let the opening range complete (first 15 min).
2. Look for price closing above/below the ORB—enter long on an upside break, short on a downside break.
3. Check the Volume Delta table: positive delta confirms buying strength; negative delta confirms selling pressure.
4. Use previous day/4h levels as additional support/resistance filters.
Settings & Customization
- ORB Duration & Session Times (London/NY), fill colors, and toggles.
- Enable/disable Previous Day & 4H levels.
- Trend Period, Momentum Window, and Delta table position/size.
- Pre‑built alert conditions for all ORB breakouts.
Developer Notes
- Fully commented for easy adjustments.
- Modular sections: ORB, previous levels, trend delta, and alerts.
- No external libraries—pure Pine Script v6.
Tip
Combine ORB breakouts with Volume Delta and prior session pivots to filter false signals and trade stronger, more reliable moves.
Long-Leg Doji Breakout StrategyThe Long-Leg Doji Breakout Strategy is a sophisticated technical analysis approach that capitalizes on market psychology and price action patterns.
Core Concept: The strategy identifies Long-Leg Doji candlestick patterns, which represent periods of extreme market indecision where buyers and sellers are in equilibrium. These patterns often precede significant price movements as the market resolves this indecision.
Pattern Recognition: The algorithm uses strict mathematical criteria to identify authentic Long-Leg Doji patterns. It requires the candle body to be extremely small (≤0.1% of the total range) while having long wicks on both sides (at least 2x the body size). An ATR filter ensures the pattern is significant relative to recent volatility.
Trading Logic: Once a Long-Leg Doji is identified, the strategy enters a "waiting mode," monitoring for a breakout above the doji's high (long signal) or below its low (short signal). This confirmation approach reduces false signals by ensuring the market has chosen a direction.
Risk Management: The strategy allocates 10% of equity per trade and uses a simple moving average crossover for exits. Visual indicators help traders understand the pattern identification and trade execution process.
Psychological Foundation: The strategy exploits the natural market cycle where uncertainty (represented by the doji) gives way to conviction (the breakout), creating high-probability trading opportunities.
The strength of this approach lies in its ability to identify moments when market sentiment shifts from confusion to clarity, providing traders with well-defined entry and exit points while maintaining proper risk management protocols.
How It Works
The strategy operates on a simple yet powerful principle: identify periods of market indecision, then trade the subsequent breakout when the market chooses direction.
Step 1: Pattern Detection
The algorithm scans for Long-Leg Doji candles, which have three key characteristics:
Tiny body (open and close prices nearly equal)
Long upper wick (significant rejection of higher prices)
Long lower wick (significant rejection of lower prices)
Step 2: Confirmation Wait
Once a doji is detected, the strategy doesn't immediately trade. Instead, it marks the high and low of that candle and waits for a definitive breakout.
Step 3: Trade Execution
Long Entry: When price closes above the doji's high
Short Entry: When price closes below the doji's low
Step 4: Exit Strategy
Positions are closed when price crosses back through a 20-period moving average, indicating potential trend reversal.
Market Psychology Behind It
A Long-Leg Doji represents a battlefield between bulls and bears that ends in a stalemate. The long wicks show that both sides tried to push price in their favor but failed. This creates a coiled spring effect - when one side finally gains control, the move can be explosive as trapped traders rush to exit and momentum traders jump aboard.
Key Parameters
Doji Body Threshold (0.1%): Ensures the body is truly small relative to the candle's range
Wick Ratio (2.0): Both wicks must be at least twice the body size
ATR Filter: Uses Average True Range to ensure the pattern is significant in current market conditions
Position Size: 10% of equity per trade for balanced risk management
Pros:
High Probability Setups: Doji patterns at key levels often lead to significant moves as they represent genuine shifts in market sentiment.
Clear Rules: Objective criteria for entry and exit eliminate emotional decision-making and provide consistent execution.
Risk Management: Built-in position sizing and exit rules help protect capital during losing trades.
Market Neutral: Works equally well for long and short positions, adapting to market direction rather than fighting it.
Visual Confirmation: The strategy provides clear visual cues, making it easy to understand when patterns are forming and trades are triggered.
Cons:
False Breakouts: In choppy or ranging markets, price may break the doji levels only to quickly reverse, creating whipsaws.
Patience Required: Traders must wait for both pattern formation and breakout confirmation, which can test discipline during active market periods.
Simple Exit Logic: The moving average exit may be too simplistic, potentially cutting profits short during strong trends or holding losers too long during reversals.
Volatility Dependent: The strategy relies on sufficient volatility to create meaningful doji patterns - it may underperform in extremely quiet markets.
Lagging Entries: Waiting for breakout confirmation means missing the very beginning of moves, reducing potential profit margins.
Best Market Conditions
The strategy performs optimally during periods of moderate volatility when markets are making genuine directional decisions rather than just random noise. It works particularly well around key support/resistance levels where the market's indecision is most meaningful.
Optimization Considerations
Consider combining with additional confluence factors like volume analysis, support/resistance levels, or other technical indicators to improve signal quality. The exit strategy could also be enhanced with trailing stops or multiple profit targets to better capture extended moves while protecting gains.
Best for Index option,
Enjoy !!
SMA Zone with Breakouts/Tests 1.0.This indicator plots a dynamic “SMA Zone” between two simple moving averages (one applied to lows, one to highs) and highlights key interaction points with the zone:
Breakouts
Bull Break: price closes above the upper SMA
Bear Break: price closes below the lower SMA
Requires confirmation via either above-average volume or an unusually wide bar (spread > ATR) closing near its extreme
Tests & Retests
After a breakout, the first re-entry into the zone edge is labeled “Test,” subsequent re-entries are numbered “Retest,” “2nd Retest,” etc.
Zone Weakening: each additional Test/Retest signifies diminished zone strength—fewer reliable boundaries remain (Traditional S/R theory)
Alerts
Fires a unified “Zone Signal” alert on every Break, Test, and Retest (set condition to “Any alert() function call”).
Disclaimer:
This is not financial advice and should not be used as a standalone trading signal.
It’s designed to draw your attention to important price-zone interactions so you can manually tune in.
The logic can be further enhanced or combined with other indicators/algorithms as part of a more complex trading system.
Resistance Breakout LevelsResistance Breakout Levels
An advanced TradingView indicator that detects significant resistance pivots and marks confirmed breakouts.
Description:
This Pine Script automatically identifies swing-high pivot points as potential resistance levels. It confirms a breakout only after a configurable number of consecutive closes above the pivot, reducing noise and avoiding false signals. Once validated, it draws a horizontal breakout line at the pivot price and adds a label with the breakout value. Traders can choose to display all breakout lines or only the single highest breakout within a specified lookback period. Additionally, a dynamic current price line spans the chart for quick reference.
Features:
• Pivot High Detection for Resistance Levels
• N-Consecutive Close Breakout Confirmation
• Toggle Between All Breakouts or Highest Breakout with Lookback Window
• Full-Width Live Current Price Line
• Customizable Line Colors, Widths, and Extension Direction
• Price Labels Directly on Breakout Lines
User Inputs:
• Pivot Bars (Left/Right): Number of bars used to detect pivot highs
• Consecutive Closes Above: Closes required above pivot to confirm breakout
• Show All Breakouts: Option to plot every confirmed breakout line
• Highest Lookback Bars: Lookback window for retaining only the highest breakout
• Breakout Line Color & Width: Customize breakout line appearance
• Price Line Color & Width: Customize live current price line appearance
VWAP Predictive Breakout + RSI + OB + Trend/Chop📈 VWAP Predictive Breakout + RSI + Order Blocks + Trend/Chop Filter
This multi-layered day trading and scalping tool is designed to predict price direction after a VWAP breakout, rather than react to it. It combines volume, RSI, candlestick structure, order blocks, and trend/chop analysis to improve the accuracy of intraday signals.
🔍 Core Features
VWAP Predictive Breakout
Signals are generated when price breaks above/below VWAP with strength (volume spike + strong candle body), supported by trend confirmation.
RSI Momentum Filter
Uses RSI divergence behavior to validate breakouts, filtering out weak or exhausted moves.
Order Block Detection
Marks bullish and bearish engulfing patterns and checks for proximity to these zones as confirmation for breakouts.
Trend vs Chop Detection
Uses ADX, ATR, EMA distance, Bollinger Band width, and candlestick cleanliness to dynamically identify whether the market is trending or choppy.
Clean Candle Behavior
Filters out noisy or indecisive candles by analyzing wick-to-body ratio and ATR-based body size.
📌 Visual Markers
🟢 Buy Signal: Green triangle below bar
🔴 Sell Signal: Red triangle above bar
🟢⚪ Bullish Order Block: Green circle
🔴⚪ Bearish Order Block: Red circle
🟩 Trending Background: Light green
🟥 Choppy Background: Light red
🛎 Alerts Included
Long signal: VWAP breakout + RSI + Order Block + Clean Candle
Short signal: VWAP breakdown + RSI + Order Block + Clean Candle
🧠 Best Use Cases
Scalping high-probability VWAP reversals or continuations
Day trading in markets where trend clarity is critical
Filtering noise in sideways conditions using real-time chop detection
Darvas Box Breakout Signals v6 (Manus)Purpose:
This script is designed for TradingView to automatically identify potential "Darvas Boxes" on your price chart and signal when the price breaks out of these boxes.
How it Works:
Finds Highs: It looks back over a set number of bars (default is 20, but you can change this) to find the highest price point.
Confirms Box Top: It waits until the price stays below that high point for a specific number of bars (default is 3) to confirm the top of the box.
Confirms Box Bottom: After the top is confirmed, it looks for the lowest price reached and waits until the price stays above that low point for the same number of bars (3) to confirm the bottom of the box.
Draws Box (Optional): If enabled in the settings, it draws lines on the chart representing the top and bottom of the confirmed box.
What Signals It Shows:
Breakout Signal: When the price closes above the top line of a confirmed box, it plots a green upward-pointing triangle above that price bar. This suggests the stock might be starting a move higher.
Breakdown Signal: When the price closes below the bottom line of a confirmed box, it plots a red downward-pointing triangle below that price bar. This suggests the stock might be starting a move lower.
Key Features:
Uses the Darvas Box theory logic.
Provides clear visual signals for potential entries based on breakouts or breakdowns.
Allows customization of the lookback period and confirmation bars via the indicator settings.
Written in Pine Script version 6.
Remember, this script just provides signals based on price patterns; it doesn't predict the future or guarantee profits. It should be used as one tool within the larger trading plan we discussed, especially considering risk management.
Bullish and Bearish Breakout Alert for Gold Futures PullbackBelow is a Pine Script (version 6) for TradingView that includes both bullish and bearish breakout conditions for my intraday trading strategy on micro gold futures (MGC). The strategy focuses on scalping two-legged pullbacks to the 20 EMA or key levels with breakout confirmation, tailored for the Apex Trader Funding $300K challenge. The script accounts for the Daily Sentiment Index (DSI) at 87 (overbought, favoring pullbacks). It generates alerts for placing stop-limit orders for 175 MGC contracts, ensuring compliance with Apex’s rules ($7,500 trailing threshold, $20,000 profit target, 4:59 PM ET close).
Script Requirements
Version: Pine Script v6 (latest for TradingView, April 2025).
Purpose:
Bullish: Alert when price breaks above a rejection candle’s high after a two-legged pullback to the 20 EMA in a bullish trend (price above 20 EMA, VWAP, higher highs/lows).
Bearish: Alert when price breaks below a rejection candle’s low after a two-legged pullback to the 20 EMA in a bearish trend (price below 20 EMA, VWAP, lower highs/lows).
Context: 5-minute MGC chart, U.S. session (8:30 AM–12:00 PM ET), avoiding overbought breakouts above $3,450 (DSI 87).
Output: Alerts for stop-limit orders (e.g., “Buy: Stop=$3,377, Limit=$3,377.10” or “Sell: Stop=$3,447, Limit=$3,446.90”), quantity 175 MGC.
Apex Compliance: 175-contract limit, stop-losses, one-directional news trading, close by 4:59 PM ET.
How to Use the Script in TradingView
1. Add Script:
Open TradingView (tradingview.com).
Go to “Pine Editor” (bottom panel).
Copy the script from the content.
Click “Add to Chart” to apply to your MGC 5-minute chart .
2. Configure Chart:
Symbol: MGC (Micro Gold Futures, CME, via Tradovate/Apex data feed).
Timeframe: 5-minute (entries), 15-minute (trend confirmation, manually check).
Indicators: Script plots 20 EMA and VWAP; add RSI (14) and volume manually if needed .
3. Set Alerts:
Click the “Alert” icon (bell).
Add two alerts:
Bullish Breakout: Condition = “Bullish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.”
Bearish Breakout: Condition = “Bearish Breakout Alert for Gold Futures Pullback,” trigger = “Once Per Bar Close.”
Customize messages (default provided) and set notifications (e.g., TradingView app, SMS).
Example: Bullish alert at $3,377 prompts “Stop=$3,377, Limit=$3,377.10, Quantity=175 MGC” .
4. Execute Orders:
Bullish:
Alert triggers (e.g., stop $3,377, limit $3,377.10).
In TradingView’s “Order Panel,” select “Stop-Limit,” set:
Stop Price: $3,377.
Limit Price: $3,377.10.
Quantity: 175 MGC.
Direction: Buy.
Confirm via Tradovate.
Add bracket order (OCO):
Stop-loss: Sell 175 at $3,376.20 (8 ticks, $1,400 risk).
Take-profit: Sell 87 at $3,378 (1:1), 88 at $3,379 (2:1) .
Bearish:
Alert triggers (e.g., stop $3,447, limit $3,446.90).
Select “Stop-Limit,” set:
Stop Price: $3,447.
Limit Price: $3,446.90.
Quantity: 175 MGC.
Direction: Sell.
Confirm via Tradovate.
Add bracket order:
Stop-loss: Buy 175 at $3,447.80 (8 ticks, $1,400 risk).
Take-profit: Buy 87 at $3,446 (1:1), 88 at $3,445 (2:1) .
5. Monitor:
Green triangles (bullish) or red triangles (bearish) confirm signals.
Avoid bullish entries above $3,450 (DSI 87, overbought) or bearish entries below $3,296 (support) .
Close trades by 4:59 PM ET (set 4:50 PM alert) .
RSI Support & Resistance Breakouts with OrderblocksThis tool is an overly simplified method of finding market squeeze and breakout completely based on a dynamic RSI calculation. It is designed to draw out areas of price levels where the market is pushing back against price action leaving behind instances of short term support and resistance levels you otherwise wouldn't see with the common RSI.
It uses the changes in market momentum to determine support and resistance levels in real time while offering price zone where order blocks exist in the short term.
In ranging markets we need to know a couple things.
1. External Zone - It's important to know where the highs and lows were left behind as they hold liquidity. Here you will have later price swings and more false breakouts.
2. Internal Zone - It's important to know where the highest and lowest closing values were so we can see the limitations of that squeeze. Here you will find the stronger cluster of orders often seen as orderblocks.
In this tool I've added a 200 period Smoothed Moving Average as a trend filter which causes the RSI calculation to change dynamically.
Regular Zones - without extending
The Zones draw out automatically but are often too small to work with.
To solve this problem, you can extend the zones into the future up to 40 bars.
This allows for more visibility against future price action.
--------------------------------------------
Two Types of Zones
External Zones - These zones give you positioning of the highest and lowest price traded within the ranging market. This is where liquidity will be swept and often is an ultimate breaking point for new price swings.
How to use them :
External Zones - External zones form at the top of a pullback. After this price should move back into its impulsive wave.
During the next corrective way, if price breaches the top of the previous External Zone, this is a sign of trend weakness. Expect a divergence and trend reversal.
Internal Zones - (OrderBlocks) Current price will move in relation to previous internal zones. The internal zone is where a majority of price action and trading took place. It's a stronger SQUEEZE area. Current price action will often have a hard time closing beyond the previous Internal Zones high or low. You can expect these zones to show you where the market will flip over. In these same internal zones you'll find large rejection candles.
**Important Note** Size Doesn't Matter
The size of the internal zone does not matter. It can be very small and still very powerful.
Once an internal zone has been hit a few times, its often not relevant any longer.
Order Block Zone Examples
In this image you can see the Internal Zone that was untouched had a STRONG price reaction later on.
Internal Zones that were touched multiple times had weak reactions later as price respected them less over time.
Zone Overlay Breakdown
The Zones form and update in real time until momentum has picked up and price begins to trend. However it leaves behind the elements of the inducement area and all the key levels you need to know about for future price action.
Resistance Fakeout : Later on after the zone has formed, price will return to this upper zone of price levels and cause fakeouts. A close above this zone implies the market moves long again.
Midline Equilibrium : This is simply the center of the strongest traded area. We can call this the Point of Control within the orderblock. If price expands through both extremes of this zone multiple times in the future, it eliminates the orderblock.
Support Fakeout : Just like its opposing brother, price will wick through this zone and rip back causing inducement to trap traders. You would need a clear close below this zone to be in a bearish trend.
BARCOLOR or Candle Color: (Optional)
Bars are colored under three conditions
Bullish Color = A confirmed bullish breakout of the range.
Bearish Color = A confirmed bearish breakout of the range.
Squeeze Color = Even if no box is formed a candle or candles can have a squeeze color. This means the ranging market happened within the high and low of that singular candle.
Smart Range Breakout - SwiftEdgeDescription:
The "Smart Range Breakout - SwiftEdge" indicator is a custom tool designed for identifying potential breakout opportunities on a 1-minute chart, with a focus on volatile markets like the DAX index. This script introduces a unique approach by combining range consolidation detection with volume confirmation and breakout validation, tailored for short-term trading strategies.
How It Works:
The indicator identifies consolidation periods where the price range (difference between the highest high and lowest low over a user-defined length) is below a multiple of the Average True Range (ATR). This helps detect periods of low volatility, which often precede breakouts.
Once a consolidation is confirmed (minimum number of bars), a green box is drawn on the chart, spanning a fixed length of bars (default 50), representing the potential breakout zone.
Breakouts are signaled only when a candle opens above the upper boundary (box top) or below the lower boundary (box bottom) of the consolidation box, ensuring a clear entry point based on price action at the open.
The script includes a volume filter, requiring volume to exceed a moving average by a specified multiplier, and a confirmation period to validate the breakout over consecutive bars.
To avoid signal clutter, only one breakout signal (up or down) is generated per box, and no further signals are issued until a new consolidation box is formed.
How to Use:
Apply the indicator to a 1-minute chart (optimized for DAX or similar volatile indices).
Adjust the "Consolidation Length" (default 5) to set the lookback period for detecting consolidation.
Modify the "Range Threshold (ATR Multiplier)" (default 2.0) to make the consolidation detection more or less strict based on market volatility.
Use "Minimum Consolidation Bars" (default 2) to set the minimum duration of a consolidation phase.
Tune "Confirmation Bars" (default 1) to require more bars to confirm the breakout.
Set "Volume MA Length" (default 5) and "Volume Multiplier" (default 1.1) to filter breakouts with insufficient volume.
Adjust "Max Box Length" (default 50) to control the duration of the breakout zone on the chart.
Look for green triangles below the chart for bullish breakouts and red triangles above for bearish breakouts, occurring when a candle opens outside the box with confirmed volume.
Originality:
This script stands out by integrating a fixed-length consolidation box with an opening-price breakout condition, combined with volume and multi-bar confirmation. Unlike traditional breakout indicators that rely solely on closing prices or simple price thresholds, this approach prioritizes the opening price and limits signals to one per cycle, reducing noise in volatile markets.
Chart Notes:
The accompanying chart displays the indicator's output with green boxes indicating consolidation zones, yellow dots marking consolidation periods, and green/red triangles for breakout signals. No additional scripts or unrelated drawings are included to ensure clarity.
Pre-London High-Low Breakout IndicatorOverview
The Pre-London High-Low Breakout Indicator helps traders identify breakout opportunities at the London session open. It marks the high and low one hour before London opens (5 PM - 6 PM AEST) and incorporates a 200 SMA filter to confirm trade direction. The indicator also provides real-time breakout markers for precise entries.
How the Indicator Works
1. Pre-London High & Low Identification (5 PM - 6 PM AEST)
The indicator tracks the highest and lowest price levels within this period.
These levels act as key breakout zones once London opens.
The high and low remain visible until 12 AM AEST for reference.
2. 200 SMA as a Trend Filter
A 200 SMA (yellow, thick line) is plotted to filter breakout trades.
Only long (buy) trades are valid if price is above the 200 SMA.
Only short (sell) trades are valid if price is below the 200 SMA.
3. Real-Time Breakout Confirmation
Buy Signal (Green Diamond):
Price breaks above the pre-London high.
Price is above the 200 SMA.
Sell Signal (Red Diamond):
Price breaks below the pre-London low.
Price is below the 200 SMA.
No signal appears if the breakout is against the SMA trend, reducing false trades.
How to Use the Indicator Properly
Step 1: Identify the Pre-London Range (5 PM - 6 PM AEST)
Observe price movements and note the session high & low.
Do not take trades within this period—wait for a clear breakout.
Step 2: Wait for a Breakout After 6 PM AEST
A breakout must occur beyond the session high or low.
The breakout should be clear and decisive, not hovering around the range.
Step 3: Confirm with the 200 SMA
If price is above the 200 SMA, only buy signals are valid.
If price is below the 200 SMA, only sell signals are valid.
If a breakout occurs against the SMA, ignore it.
Step 4: Enter the Trade and Manage Risk
Enter the trade after the breakout candle closes.
Set stop-loss just inside the pre-London range to minimize risk.
Take profit using a 1:2 or 1:3 risk-reward ratio, or trail the stop.
Why This Strategy Works
Pre-London Liquidity Grab: Institutional traders set positions before the London open, making this range significant.
Trend Confirmation with SMA: Reduces false breakouts by filtering trades in the direction of the trend.
Real-Time Breakout Detection: Green and red diamond markers highlight valid breakouts that meet all conditions.
Final Notes
If price breaks out but quickly reverses, it may be a false breakout—avoid impulsive trades.
The indicator works best when combined with other confluences such as volume analysis or key support/resistance levels.
Alerts can be added to notify traders when a valid breakout occurs.
This setup is ideal for traders looking for a structured, rule-based approach to trading London session breakouts with a strong trend confirmation mechanism.
London Breakout by Edwin KPurpose:
The strategy visualizes breakouts based on price action during the London session. It highlights the candles from 09:59 AM to 01:59 PM UTC+3 with different colors depending on whether the price is above or below the high/low from the 10 AM candle.
Key Parts:
Timestamps:
The code defines specific times for the 09:59 AM candle, 10:00 AM candle, and 01:59 PM UTC+3 times.
The timestamp('UTC+3', ...) function creates the timestamps for those moments.
High and Low of the 10 AM Candle:
The high and low of the 10 AM candle are captured and stored in the ten_am_high and ten_am_low variables.
Bullish and Bearish Conditions:
If the price breaks above (bullish_break) or below (bearish_break) the high or low of the 10 AM candle, respectively.
Bar Coloring:
If the conditions are met (price breaking above or below the 10 AM levels), the script colors the candles during the time frame (09:59 AM to 01:59 PM).
Green color is applied for bullish breakouts.
Red color is applied for bearish breakouts.
hector mena Breakout Trading with ATR, RSI and MA CrossTitle: Breakout Trading Strategy with ATR, RSI, and Moving Average Cross
Description (English):
This script combines key technical indicators—ATR (Average True Range), RSI (Relative Strength Index), and Moving Averages—to provide a comprehensive breakout trading strategy. It is designed to help traders identify significant breakout levels and confirm signals with momentum and trend analysis.
How It Works:
ATR for Breakout Levels:
The ATR is used to calculate dynamic breakout levels by adjusting the highest resistance and lowest support levels with a customizable multiplier. This ensures that breakout levels adapt to market volatility.
RSI for Momentum Confirmation:
The RSI identifies overbought and oversold conditions, providing an additional layer of confirmation for breakouts. A breakout accompanied by an RSI signal can indicate stronger momentum.
Moving Average Cross for Trend Validation:
Two simple moving averages (short-term and long-term) are included to validate the trend. A crossover suggests a potential change in trend, aligning with breakout signals.
Why Combine These Indicators?
The ATR ensures breakout levels are realistic and volatility-adjusted.
The RSI avoids false signals by confirming if the price has momentum during a breakout.
Moving Average crossovers add trend-following confirmation, helping traders align with market direction.
The combination provides a robust framework to filter out false signals and improve the reliability of trading decisions.
Key Features:
Breakout Levels: Upper and lower breakout levels dynamically calculated using ATR.
RSI Confirmation: Visual overbought (70) and oversold (30) levels and RSI plot.
Trend Validation: Short and long-term moving averages plotted on the chart with crossover signals.
Visual Alerts: Clear "BUY" and "SELL" labels for actionable signals.
Custom Alerts: Configurable alerts for breakouts and moving average crossovers.
How to Use It:
Adjust the parameters (ATR length, multiplier, RSI length, and moving averages) based on your trading strategy.
Look for "BUY" signals when:
Price breaks above the resistance level, and RSI indicates oversold conditions.
Moving averages cross bullishly.
Look for "SELL" signals when:
Price breaks below the support level, and RSI indicates overbought conditions.
Moving averages cross bearishly.
Use alerts for automated notifications about potential trades.
Notes:
This script is intended for educational purposes. Use it alongside proper risk management techniques and backtesting.
Always test in demo mode before applying it to live trading.
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation
Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions.
Features:
Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes.
Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts.
Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity.
Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session.
How It Works:
The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes).
If the price breaks above the high level or below the low level, a corresponding breakout is detected.
The script draws breakout zones on the chart and triggers alerts based on the breakout direction.
All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions.
Customization Options:
Line and box colors for bullish and bearish breakouts.
Transparency levels for breakout visualizations.
Alert settings to receive notifications for detected breakouts.
Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
Sunil 2 Bar Breakout StrategyDetailed Explanation of the Sunil 2 Bar Breakout Strategy
Introduction
The Sunil 2 Bar Breakout Strategy is a simple yet effective price-action-based approach designed to identify breakout opportunities in financial markets. This strategy analyzes the movement of the last three candles to detect momentum and initiates trades in the direction of the breakout. It is equipped with a built-in stop-loss mechanism to protect capital, making it suitable for traders looking for a structured and disciplined trading system.
The strategy works well across different timeframes and asset classes, including indices, stocks, forex, and cryptocurrencies. Its versatility makes it ideal for both intraday and swing trading.
Core Concept
The strategy revolves around two primary conditions: breakout identification and risk management.
Breakout Identification:
Long Trade Setup: The strategy identifies bullish breakouts when:
The current candle's closing price is higher than the previous candle's closing price.
The high of the previous candle is greater than the highs of the two candles before it.
Short Trade Setup: The strategy identifies bearish breakouts when:
The current candle's closing price is lower than the previous candle's closing price.
The low of the previous candle is lower than the lows of the two candles before it.
Risk Management:
Stop-Loss: For each trade, a stop-loss is automatically set:
For long trades, the stop-loss is set to the low of the previous candle.
For short trades, the stop-loss is set to the high of the previous candle.
This ensures that losses are minimized if the breakout fails.
Exit Logic:
The trade is closed automatically when the stop-loss is hit.
This approach maintains discipline and prevents emotional trading.
Strategy Workflow
Entry Criteria:
Long Entry: A long trade is triggered when:
The current close is greater than the previous close.
The high of the previous candle exceeds the highs of the two candles before it.
Short Entry: A short trade is triggered when:
The current close is less than the previous close.
The low of the previous candle is below the lows of the two candles before it.
Stop-Loss Placement:
For long trades, the stop-loss is set at the low of the previous candle.
For short trades, the stop-loss is set at the high of the previous candle.
Trade Management:
Trades are exited automatically if the stop-loss level is hit.
The strategy avoids re-entering trades until new breakout conditions are met.
Default Settings
Position Sizing:
The default position size is set to 1% of the account equity. This ensures proper risk management and prevents overexposure to the market.
Stop-Loss:
Stop-loss levels are automatically calculated based on the previous candle’s high or low.
Timeframes:
The strategy is versatile and works across multiple timeframes. However, it is recommended to test it on 15-minute, 1-hour, and daily charts for optimal performance.
Key Features
Automated Trade Execution:
The strategy handles both trade entry and exit automatically based on pre-defined conditions.
Built-In Risk Management:
The automatic stop-loss placement ensures losses are minimized on failed breakouts.
Works Across Markets:
The strategy is compatible with a wide range of instruments, including indices, stocks, forex, and cryptocurrencies.
Clear Signals:
Entry and exit points are straightforward and based on objective conditions, reducing ambiguity.
Versatility:
Can be used for both day trading and swing trading, depending on the chosen timeframe.
Best Practices for Using This Strategy
Backtesting:
Test the strategy on your chosen instrument and timeframe using TradingView's Strategy Tester to evaluate its performance.
Market Conditions:
The strategy performs best in trending markets or during periods of high volatility. Avoid using it in range-bound or choppy markets.
Position Sizing:
Use the default position size (1% of equity) or adjust based on your risk tolerance and account size.
Instrument Selection:
Focus on instruments with good liquidity and volatility, such as indices (e.g., NIFTY, BANKNIFTY), forex pairs, or major cryptocurrencies (e.g., Bitcoin, Ethereum).
Potential Enhancements
To make the strategy even more robust, consider adding the following optional features:
Stop-Loss Multiplier:
Allow users to customize the stop-loss distance as a multiple of the default level (e.g., 1.5x the low or high of the previous candle).
Take-Profit Levels:
Add user-defined take-profit levels, such as a fixed risk-reward ratio (e.g., 1:2).
Time Filter:
Include an option to restrict trading to specific market hours (e.g., avoid low-liquidity times).
Conclusion
The Sunil 2 Bar Breakout Strategy is an excellent tool for traders looking to capitalize on breakout opportunities while maintaining disciplined risk management. Its simplicity, combined with its effectiveness, makes it suitable for traders of all experience levels. By adhering to the clearly defined rules, traders can achieve consistent results while avoiding emotional trading decisions.
This strategy is a reliable addition to any trader’s toolbox and is designed to work seamlessly across different market conditions and instruments.
The Curved Market Structure [BigBeluga]Curved Market Structure
The Curved Market Structure indicator offers an innovative twist on traditional market structure tools by using curved lines instead of horizontal ones, enabling faster breakout detection for traders.
🔵Key Features:
Curved Market Structure Levels: The indicator identifies high and low pivots and plots curved lines connecting these points, adapting to market dynamics and providing a more intuitive view of potential breakout zones.
Breakout Detection: Breakouts above or below the curved levels are marked with triangle symbols (▲ or ▼), making it easy to spot critical price movements.
Dynamic Target Levels: After a breakout, the indicator plots three target levels, which serve as potential price objectives. Each target is marked with a number and a star (e.g., 1★) upon being reached.
Customizable Line Length and Angle: Users can adjust the length and angle of the curved lines to fit their trading style and timeframe, making the tool versatile and adaptable.
Market Structure Trend Filtering: To maintain a clean chart, the indicator plots curved levels only from high pivots during uptrends and low pivots during downtrends.
🔵How It Works:
The indicator identifies high and low pivots using user-defined parameters (left and right bars).
Curved lines are drawn from these pivot points, showing the structure of the market and potential breakout zones.
When a breakout occurs, the indicator highlights the direction with triangle symbols and dynamically plots three price targets.
Upon reaching these targets, the level is marked with its respective number and a star, helping traders track price progression effectively.
The lines and targets are adjusted based on market conditions, ensuring real-time relevance and accuracy.
🔵Use Cases:
Spotting key breakout zones to identify entry and exit points more effectively.
Setting dynamic target levels for take-profit or stop-loss planning.
Filtering market noise and maintaining a cleaner chart while analyzing trends.
Enhancing traditional market structure analysis with an intuitive curved visualization.
This indicator is ideal for traders who want a modern, dynamic, and visually appealing way to track market structure and breakouts while maintaining chart clarity.
Jackson Volume breaker Indication# Jackson Volume Breaker Beta
### Advanced Volume Analysis Indicator
## Description
The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength.
## Key Features
1. **Smart Volume Distribution**
- Automatically separates buying and selling volume
- Color-coded volume bars (Green for buying, Red for selling)
- Winning volume always displayed on top for quick visual reference
2. **Real-time Volume Analysis**
- Shows current candle's buy/sell ratio
- Displays total volume with smart number formatting (K, M, B)
- Percentage-based volume distribution
3. **Technical Overlays**
- 20-period Volume Moving Average
- Dynamic scaling relative to price action
- Clean, uncluttered visual design
## How to Use
### Installation
1. Add the indicator to your chart
2. Adjust the Volume Scale input based on your preference (default: 0.08)
3. Toggle the Moving Average display if desired
### Reading the Indicator
#### Volume Bars
- **Green Bars**: Represent buying volume
- **Red Bars**: Represent selling volume
- **Stacking**: The larger volume (winning side) is always displayed on top
- **Height**: Relative to the actual volume, scaled for chart visibility
#### Information Table
The top-right table shows three key pieces of information:
1. **Left Percentage**: Winning side's volume percentage
2. **Middle Percentage**: Losing side's volume percentage
3. **Right Number**: Total volume (abbreviated)
### Trading Applications
1. **Trend Confirmation**
- Strong buying volume in uptrends confirms bullish pressure
- High selling volume in downtrends confirms bearish pressure
- Volume divergence from price can signal potential reversals
2. **Support/Resistance Breaks**
- High volume on breakouts suggests stronger moves
- Low volume on breaks might indicate false breakouts
- Monitor volume distribution for break direction confirmation
3. **Reversal Identification**
- Volume shift from selling to buying can signal potential bottoms
- Shift from buying to selling can indicate potential tops
- Use with price action for better entry/exit points
## Input Parameters
1. **Volume Scale (0.01 to 1.0)**
- Controls the height of volume bars
- Default: 0.08
- Adjust based on your chart size and preference
2. **Show MA (True/False)**
- Toggles 20-period volume moving average
- Useful for identifying volume trends
- Default: True
3. **MA Length (1+)**
- Changes the moving average period
- Default: 20
- Higher values for longer-term volume trends
## Best Practices
1. **Multiple Timeframe Analysis**
- Compare volume patterns across different timeframes
- Look for volume convergence/divergence
- Use higher timeframes for major trend confirmation
2. **Combine with Other Indicators**
- Price action patterns
- Support/resistance levels
- Momentum indicators
- Trend indicators
3. **Volume Pattern Recognition**
- Monitor for unusual volume spikes
- Watch for volume climax patterns
- Identify volume dry-ups
## Tips for Optimization
1. Adjust the Volume Scale based on your chart size
2. Use smaller timeframes for detailed volume analysis
3. Compare current volume bars to historical patterns
4. Watch for volume/price divergences
5. Monitor volume distribution changes near key price levels
## Note
This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach.
## Version History
- Beta Release: Initial public version
- Features buy/sell volume separation, moving average, and real-time analysis
- Optimized for both intraday and swing trading timeframes
## Credits
Developed by Jackson based on other script creators
Special thanks to the trading community for feedback and suggestions
