OPEN-SOURCE SCRIPT
Ultra Volume High Breakout
ser Inputs:
length: Defines the period to calculate the moving average of volume.
multiplier: Sets the threshold above the moving average to consider as "Ultra Volume."
breakoutMultiplier: Allows for customization of breakout sensitivity.
Volume Calculation:
The script calculates a simple moving average (SMA) of the volume for a defined period (length).
It then detects if the current volume is higher than the moving average multiplied by the user-defined multiplier.
Breakout Condition:
The script checks if the price has moved above the highest close of the previous length periods while the volume condition for "Ultra Volume" is true.
Visuals:
The script marks the breakout with an upward label below the bar (plotshape), colored green for easy identification.
Ultra volume is highlighted with a red histogram plot.
Alert Condition:
An alert condition is included to trigger whenever an ultra volume high breakout occurs.
Customization:
You can adjust the length, multiplier, and breakoutMultiplier to fit your strategy and asset volatility.
Alerts can be set in TradingView to notify you when this condition is met.
Let me know if you'd like further customization or explanation!
length: Defines the period to calculate the moving average of volume.
multiplier: Sets the threshold above the moving average to consider as "Ultra Volume."
breakoutMultiplier: Allows for customization of breakout sensitivity.
Volume Calculation:
The script calculates a simple moving average (SMA) of the volume for a defined period (length).
It then detects if the current volume is higher than the moving average multiplied by the user-defined multiplier.
Breakout Condition:
The script checks if the price has moved above the highest close of the previous length periods while the volume condition for "Ultra Volume" is true.
Visuals:
The script marks the breakout with an upward label below the bar (plotshape), colored green for easy identification.
Ultra volume is highlighted with a red histogram plot.
Alert Condition:
An alert condition is included to trigger whenever an ultra volume high breakout occurs.
Customization:
You can adjust the length, multiplier, and breakoutMultiplier to fit your strategy and asset volatility.
Alerts can be set in TradingView to notify you when this condition is met.
Let me know if you'd like further customization or explanation!
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.