Volume Shelf Breakout Watcher

This indicator detects potential breakout opportunities from high-volume price shelves (HVNs) using a custom volume profile engine. It scans the past 100 bars (adjustable) to identify price ranges with heavy volume accumulation, then monitors for a breakout when price is near the top of that range.

To increase accuracy, it optionally confirms momentum using:

✅ MACD bullish crossover

✅ RSI > 55

✅ Volume spike above 20-bar average

When all enabled conditions are met, the indicator highlights the bar with a green label and background shading, and can trigger alerts for trade setups.

Use this indicator to:

Identify volume-based consolidation zones

Anticipate price surges through low-volume areas ("volume gaps")

Catch breakouts with momentum confirmation

Inputs:

Volume Profile Range (bars)

HVN Sensitivity (top % of volume)

MACD confirmation toggle

RSI level toggle

Volume spike toggle

Ideal for:
Traders looking to enter early on momentum moves as price escapes compression zones into areas of less resistance.