Volume Breakouts

14. Jan. 2018

The aim of this indicator is to indicate effective volume breakouts.

Blue = Volume is at least 25% above the 20d moving average
Purple = Volume is at least twice as much as the 20d moving average
Red = Volume is at least three times the average


My recommendation: Always watch for breakouts on large volume. That's a sign that big institutions are buying.

16. Jan. 2019

Versionshinweise

Feature Added:

Added Pocket Pivots (Rule Nr. 3/10)

"The day's volume should be larger than the highest down volume day over the prior 10 days."

If the condition is true, a black star will appear above the volume bar.

Input Config:

• Enable (default) or disable the Pocket Pivots
  
• Configure the length (default 10days +1) to look for the highest down volume day
  

16. Jan. 2019

Versionshinweise

fixed small bug

17. Jan. 2019

Versionshinweise

Feature Added:

Added Pocket Pivots (Rule Nr. 4/10)

If the pocket pivot occurs in an uptrend after the stock has broken out, it should act constructively around its 10-dma. It can undercut its 10-dma as long as it shows resilience by showing volume that is greater than the highest down volume day over the prior 10 days.

The signal / star turns red if the price action is around* 10DMA or 50DMA.

*Just an interpretation as there is no exact description