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.
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.
Notes de version:
- 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%
- 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%
Notes de version:
- Update Picture
- Naming of Inputs
- Naming of Inputs
Notes de version:
- color update for better visibilty
- code cleanup
- code cleanup
Notes de version:
- 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.
- The color of the Gaps equals the size of the Gap.
- You can define a minimum Gap percentage.
Notes de version:
- 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
- Adding a additional 4% Gap Up as a minimal Gap Up Break Out
- Performance Tweeks
Notes de version:
- Better default values
- Shows a warning on extreme moves
Notes de version:
- Slight Color Changes
- Better Symbols
- Better Breakout Logic
Notes de version:
Better Visuals
Small calculation changes
- Colors (Cold to Warm)
- Middle Line as Moving Average
Small calculation changes
ValueRay ➤ Stock Screener and Value Analyser in Hedge-Fond Quality