The indicator is developped for bitcoin and other cryptocurrencies, whose price and volume changes heavily within minutes. For the other Asset Classes, you may need to adjust the parameters. Benefits: 1. Since a breakout of price or volume often means the start of a trend, this indicator alerts and displays a label when there is a breakout in price or volume. 2. The indicator prints labels on the chart, which helps people to study the relationship between a breakout and the trend. 3. The volume change is compared to a SMA of volume, instead of the last bar, which can reflect the change compared to a certain period. 4. You can set an alert for breakouts of both price and volume, instead of do it two times. Settings: SMA Length for volume: is the length to calculator volume SMA, default:108. Toggle on/off to display or hide labels for price or volume breakout. Customize the alert threshhold for price or volume breakout in different time period:3m,5m,15m,30m,60m and other Use percentageGapForSlopeshape to adjust the relative position of labels. Style - color settings: Orange for Volume Down, Blue for Volume Up, Red for Price Down, Green for Price Up.
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