Volume Breakout (ValueRay)

2021年10月19日

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.

2023年4月4日

發行說明

- 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%

2023年4月4日

發行說明

- Update Picture
- Naming of Inputs

2023年5月19日

發行說明

- color update for better visibilty
- code cleanup

2023年5月21日

發行說明

- 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.

2023年5月28日

發行說明

- 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

2023年6月2日

發行說明

• Better default values
  
• Shows a warning on extreme moves
  

2023年6月7日

發行說明

• Slight Color Changes
  
• Better Symbols
  
• Better Breakout Logic
  

2023年11月18日

發行說明

Better Visuals

1. Colors (Cold to Warm)
   
2. Middle Line as Moving Average
   

Small calculation changes

2024年7月23日

發行說明

- 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