Ultra Volume High Breakout

6 天前

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!