Volume Brakout indicator is used to help determine trend direction strictly based on Negative and Positive volume data.
How to Read: - Moving Average crossovers are used to help determine a possible trend change or retracement. - The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength. - Bright colored volume bars are large volume spikes calculated by the x factor in the options.
Other changes: - Volume Depth is going open source with numerous of its indicators. This is only one of many! - Volume is now displayed without being altered for calculations.
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VOLUME CONFIRMATION
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Setting change allow to all users as per own execution..