OPEN-SOURCE SCRIPT
Matze Breakout
Updated
Shows 2 different states of breakout:
Arrow = unusual volume, raising volume, positiv rate of change, standard deviation breakout
Bolt = very unusual volume, very high standard deviation breakout
Arrow = unusual volume, raising volume, positiv rate of change, standard deviation breakout
Bolt = very unusual volume, very high standard deviation breakout
Release Notes
better commentsRelease Notes
Adding Fake-Outsfrom Matze with Love;
PS: pls like, share and follow if you like to see more this
Release Notes
correcting false positive "bolt breakout"from Matze with Love
Release Notes
Finetuning; add "uber break"; dont draw BBandsOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
ValueRay ➤ Stock Screener and Value Analyser in Hedge-Fond Quality
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.