The aim of this indicator is to indicate effective volume breakouts.
Blue = Volume is at least 25% above the 20d moving average
Purple = Volume is at least twice as much as the 20d moving average
Red = Volume is at least three times the average
My recommendation: Always watch for breakouts on large volume. That's a sign that big institutions are buying.
Blue = Volume is at least 25% above the 20d moving average
Purple = Volume is at least twice as much as the 20d moving average
Red = Volume is at least three times the average
My recommendation: Always watch for breakouts on large volume. That's a sign that big institutions are buying.
Release Notes:
Feature Added:
Added Pocket Pivots (Rule Nr. 3/10)
"The day's volume should be larger than the highest down volume day over the prior 10 days."
If the condition is true, a black star will appear above the volume bar.
Input Config:
Added Pocket Pivots (Rule Nr. 3/10)
"The day's volume should be larger than the highest down volume day over the prior 10 days."
If the condition is true, a black star will appear above the volume bar.
Input Config:
- Enable (default) or disable the Pocket Pivots
- Configure the length (default 10days +1) to look for the highest down volume day
Release Notes:
fixed small bug
Release Notes:
Feature Added:
Added Pocket Pivots (Rule Nr. 4/10)
If the pocket pivot occurs in an uptrend after the stock has broken out, it should act constructively around its 10-dma. It can undercut its 10-dma as long as it shows resilience by showing volume that is greater than the highest down volume day over the prior 10 days.
The signal / star turns red if the price action is around* 10DMA or 50DMA.
*Just an interpretation as there is no exact description
Added Pocket Pivots (Rule Nr. 4/10)
If the pocket pivot occurs in an uptrend after the stock has broken out, it should act constructively around its 10-dma. It can undercut its 10-dma as long as it shows resilience by showing volume that is greater than the highest down volume day over the prior 10 days.
The signal / star turns red if the price action is around* 10DMA or 50DMA.
*Just an interpretation as there is no exact description