Volume Breakout (ShowMe)
Disclaimer
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.