Breakout Volume Alert

This indicator helps traders identify true breakouts confirmed by strong volume.
It automatically highlights candles where the current bar’s volume is greater than 1.5× the 10-bar average volume, confirming institutional participation and momentum strength.

How It Works:

1. A yellow line tracks the 10-bar volume average.
   
2. When current volume exceeds 1.5× the average, the bar turns green — signaling strong buying/selling interest.
   
3. Normal or weak bars remain faded red.
   
4. You can use this with your Price Action + Multi-Timeframe strategy to validate breakouts, retests, and reversals
   

Best Used For:

1. Breakout + Retest confirmation (Intraday or Swing)
   
2. Volume spike detection before momentum moves
   
3. Filtering fake breakouts with low participation
   
4. Works perfectly with 5m / 15m / 30m / 4H charts
   

Settings:

1. Default volume average length = 1
   
2. Volume strength multiplier = 1.5×
   
3. Add alert: "Volume > 1.5x average" for instant notifications