OPEN-SOURCE SCRIPT

Stock Breakout (Liquidity + Breakout)

23
//version=5
indicator("Stock Breakout (Liquidity + Breakout)", overlay=true)

// ===== Inputs =====
lenRange = input.int(20, "Consolidation Length")
lenVol = input.int(20, "Volume MA")
lenMFI = input.int(14, "MFI Length")

// ===== Indicators =====
rangeHigh = ta.highest(high, lenRange)
volMA = ta.sma(volume, lenVol)
mfi = ta.mfi(hlc3, lenMFI)
vwapLine = ta.vwap(close)

// ===== Conditions =====
liquidityIn = mfi > 50 and volume > volMA
priceBreak = close > rangeHigh[1]
aboveVWAP = close > vwapLine

breakout = liquidityIn and priceBreak and aboveVWAP

// ===== Plot =====
plotshape(breakout, title="BREAKOUT",
style=shape.labelup, location=location.belowbar,
color=color.new(color.green, 0), text="")

plot(vwapLine, color=color.orange, linewidth=2, title="VWAP")

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