Volume Breakout (ValueRay)

2021년 10월 19일

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.

2023년 4월 4일

릴리즈 노트

- 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%

2023년 4월 4일

릴리즈 노트

- Update Picture
- Naming of Inputs

2023년 5월 19일

릴리즈 노트

- color update for better visibilty
- code cleanup

2023년 5월 21일

릴리즈 노트

- 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.

2023년 5월 28일

릴리즈 노트

- 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

2023년 6월 2일

릴리즈 노트

• Better default values
  
• Shows a warning on extreme moves
  

2023년 6월 7일

릴리즈 노트

• Slight Color Changes
  
• Better Symbols
  
• Better Breakout Logic
  

2023년 11월 18일

릴리즈 노트

Better Visuals

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

Small calculation changes

7월 23일

릴리즈 노트

- 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