Analysis Techniques & Strategies

$image\insert_showme.gif$ Volume Breakout (ShowMe)

$image\volume_breakout_sm.gif$

Input Information

Name	Expression	Default	Description
AvgLength	Numeric	50	Number of bars used to calculate average volume.
BrkOutPct	Numeric	50	Percentage over the average volume in order to be considered a breakout.

Description

By default, the Volume Breakout ShowMe study places a dot at the high price of every bar whose volume is at least 50% higher than the average volume of the last 50 bars. You can change the number of bars used to calculate the average (AvgLength) as well as the percentage used (BrkOutPct).

This ShowMe study contains alert criteria. When you enable the alert, an alert is triggered each time a volume breakout is found.

Related Functions

Average