TradeStation

Breakout Volume Can Help Confirm Other Signals

Volume can help confirm signals we might discover using other methods of technical analysis .

This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend.

Tesla is a classic example of this, with the stock rallying after showing heavy-volume gains on October 24- 25, December 16 and January 8.
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Comments

How to use this script?
+1 Reply
this script has errors
showMA = input(true, title = "Show Moving Avg")
volmalen = input(20, title = "Avg Length")
volmult = input(2, title = "Avg Multiplier")
the input key word is not being used correctly
Error:
Colon(:) expected here

I looked at the documentation and the input key word has to be used like this

input: variable(value)
Reply
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