OPEN-SOURCE SCRIPT
Acl
//version=5
indicator("Breakout Momentum (LONG)", overlay=true)
// --- Conditions ---
rsiValue = ta.rsi(close, 14)
ema20 = ta.ema(close, 20)
volSMA10 = ta.sma(volume, 10)
highest20 = ta.highest(high, 20)
longCondition = close > highest20 and
volume > 2 * volSMA10 and
rsiValue > 55 and
close > ema20 and
close > 50 and
volume > 100000
// --- Plot signals on chart ---
plotshape(longCondition, title="Breakout Momentum", location=location.belowbar, color=color.new(color.green, 0), style=shape.triangleup, size=size.large, text="LONG")
// --- Alerts ---
if (longCondition)
alert("📈 Breakout Momentum (LONG) signal detected!", alert.freq_once_per_bar_close)
indicator("Breakout Momentum (LONG)", overlay=true)
// --- Conditions ---
rsiValue = ta.rsi(close, 14)
ema20 = ta.ema(close, 20)
volSMA10 = ta.sma(volume, 10)
highest20 = ta.highest(high, 20)
longCondition = close > highest20 and
volume > 2 * volSMA10 and
rsiValue > 55 and
close > ema20 and
close > 50 and
volume > 100000
// --- Plot signals on chart ---
plotshape(longCondition, title="Breakout Momentum", location=location.belowbar, color=color.new(color.green, 0), style=shape.triangleup, size=size.large, text="LONG")
// --- Alerts ---
if (longCondition)
alert("📈 Breakout Momentum (LONG) signal detected!", alert.freq_once_per_bar_close)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.