OPEN-SOURCE SCRIPT
Updated Breakout Volume PRO
Breakout Volume PRO
Real + Projected Volume Detection
This advanced volume indicator detects breakouts based on both actual and projected volume, allowing you to anticipate strong market moves before the current candle closes.
🔹 Key Features:
Colors:
🔵 Blue: Bullish breakout
🔴 Red: Bearish breakout
🟠 Orange: Projected breakout in progress
⚪️ Gray: Normal volume
Perfect for identifying accumulation, distribution, or high-volume events that may precede price breakouts.
Real + Projected Volume Detection
This advanced volume indicator detects breakouts based on both actual and projected volume, allowing you to anticipate strong market moves before the current candle closes.
🔹 Key Features:
- Volume breakout detection based on configurable moving average and multiplier.
- Early signal when projected volume exceeds threshold before candle close.
- Distinct coloring for bullish, bearish, and early breakout volume.
- Customizable volume threshold area and base average.
- Compatible with any timeframe, including daily and intraday.
Colors:
🔵 Blue: Bullish breakout
🔴 Red: Bearish breakout
🟠 Orange: Projected breakout in progress
⚪️ Gray: Normal volume
Perfect for identifying accumulation, distribution, or high-volume events that may precede price breakouts.
Release Notes
Breakout Volume PROReal + Projected Volume Detection
This advanced volume indicator detects breakouts based on both actual and projected volume, allowing you to anticipate strong market moves before the current candle closes.
Key Features:
- Volume breakout detection based on configurable moving average and multiplier.
- Early signal when projected volume exceeds threshold before candle close.
- Distinct coloring for bullish, bearish, and early breakout volume.
- Customizable volume threshold area and base average.
Compatible with any timeframe, including daily and intraday.
Colors:
🔵 Blue: Bullish breakout
🔴 Red: Bearish breakout
🟠 Orange: Projected breakout in progress
⚪️ Gray: Normal volume
Perfect for identifying accumulation, distribution, or high-volume events that may precede price breakouts.
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.