Matze Breakout — Indicator by derMatzeImNetz

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Shows 2 different states of breakout:
Arrow = unusual volume , raising volume , positiv rate of change , standard deviation breakout
Bolt = very unusual volume , very high standard deviation breakout

Release Notes:

better comments

Release Notes:

Adding Fake-Outs

from Matze with Love;
PS: pls like, share and follow if you like to see more this

Release Notes:

correcting false positive "bolt breakout"

from Matze with Love

Release Notes:

Finetuning; add "uber break"; dont draw BBands

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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