VWAP & Breakout Volume Confirm

How the TradingView Indicator Works (Explained Simply)
VWAP Line (Orange)

It plots the Volume Weighted Average Price for the day.

Price above VWAP = bullish zone

Price below VWAP = bearish zone

Volume Spike Detection (Red Triangle)

It calculates the average volume over the last 20 candles.

If the current volume is 1.5× that average, it plots a red triangle under the candle.

Helps confirm if a move has real momentum or not.

Breakout Confirmation (Green Label ‘BO’)

Checks if price breaks above the last 10-bar high (for upside breakout) or below the last 10-bar low (for downside breakout).

If a breakout happens and the volume spike is present, it plots a green “BO” label above the candle.

This tells you the breakout is strong and likely to follow through.