OPEN-SOURCE SCRIPT
Volume MA Breakout T3 [Teyo69]
🧭 Overview
Volume MA Breakout T3 [Teyo69] highlights volume bars that exceed a dynamic moving average threshold. It helps traders visually identify volume breakouts—periods of significant buying or selling pressure—based on user-selected MA methods (SMA, EMA, DEMA).
🔍 Features
⚙️ Configuration
📈 How to Use
⚠️ Limitations
🧠 Advanced Tips
📌 Notes
📜 Disclaimer
This script is for educational purposes only. Always test in a simulated environment before live trading. Not financial advice.
Volume MA Breakout T3 [Teyo69] highlights volume bars that exceed a dynamic moving average threshold. It helps traders visually identify volume breakouts—periods of significant buying or selling pressure—based on user-selected MA methods (SMA, EMA, DEMA).
🔍 Features
- Volume Highlighting: Green bars indicate volume breakout above the MA; red bars otherwise.
- Custom MA Options: Choose between SMA, EMA, or Double EMA for volume smoothing.
- Dynamic Threshold: The moving average line adjusts based on user-defined length and method.
⚙️ Configuration
- Length: Number of bars used for the moving average calculation (default: 14).
- Method: Type of moving average to use:
- "SMA" - Simple Moving Average
- "EMA" - Exponential Moving Average
- "Double EMA" - Double Exponential Moving Average
📈 How to Use
- Apply to any chart to visualize volume behavior relative to its MA.
- Look for green bars: These suggest volume is breaking out above its recent average—potential signal of momentum.
- Red bars indicate normal/subdued volume.
⚠️ Limitations
- Does not provide directional bias—use with price action or trend confirmation tools.
- Works best with additional context (e.g., support/resistance, candle formations).
🧠 Advanced Tips
- Use shorter MAs (e.g., 5–10) in volatile markets for more responsive signals.
- Combine with OBV, MFI, or accumulation indicators for confluence.
📌 Notes
- This is a volume-based filter, not a signal generator.
- Useful for breakout traders and volume profile enthusiasts.
📜 Disclaimer
This script is for educational purposes only. Always test in a simulated environment before live trading. Not financial advice.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.