Volume Breakout (ValueRay)

Easy visuals on, if volume is way over average. Good for Mean Reverting. Higher Volume tends to higher breakout chances.

Please whisper me for for ideas how to make this better. Its a very simple script, but got some alpha. If you know how to improve, let me know and i will code it into.

เอกสารเผยแพร่:

- Updated to PineScript Version 5
- Volume Breakout is now calculated via Standard Deviation than via Multiply
- Yellow Line = mean
- Red Column Volume = Volume below mean
- Green Column Volume = Volume above mean but below one Standard Deviation (chance 34.1%)
- Light Green Volume Breakout is above one Standard Deviation away from mean. Chances there are: 50% - 34.1 = 15.9%

เอกสารเผยแพร่:

- Update Picture
- Naming of Inputs

เอกสารเผยแพร่:

- color update for better visibilty
- code cleanup

เอกสารเผยแพร่:

- Adding Price Gaps Up/Down on top of the Volume.
- The color of the Gaps equals the size of the Gap.
- You can define a minimum Gap percentage.

เอกสารเผยแพร่:

- Adding "Volume Divergence": a small Triangle Up below the Volume, when the Price is going up, allthough the Volume is low and showing Relative Strength
- Adding a additional 4% Gap Up as a minimal Gap Up Break Out
- Performance Tweeks

เอกสารเผยแพร่:

• Better default values
  
• Shows a warning on extreme moves
  

เอกสารเผยแพร่:

• Slight Color Changes
  
• Better Symbols
  
• Better Breakout Logic
  

เอกสารเผยแพร่:

Better Visuals

1. Colors (Cold to Warm)
   
2. Middle Line as Moving Average
   

Small calculation changes