Sunday, January 29, 2023

Volume Breakout Scanner

 

If Volume Breakout, It plot Opening Range High , Low and Star on first candle low.

Breakout 1 :- First Candle Volume greater than last three days first candle Volume.

Breakout 2:- First Candle Volume is greater than given no. of times of Moving Average Volume. 




Volume Moving Average period and Number of times higher than moving average. This default setting is good for 5 minute timeframe.


Use Timeframe/Periodicity 1 minute to 15 minute and 1 recent day .

iROC :- Intraday price change (Last Close - Day Open) percentage. More than 1% green, less than 1% red, other Yellow.

Volume Strength:- Ratio of First Candle to Moving Average Volume. Highest is good to watch.

 HHV:- If Breakout 1 True, it gives 1.

 MAV:- If Breakout 2 True, it gives 1.


Freelance for Setup, Suggestions and Modifications

AFL Download