SIMPLE VOLUME BREAKOUT Trading Guide

The Simple Volume Breakout is a quantitative trading tool engineered to analyze market structure, momentum dynamics, and key price levels.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Normalization Length (normalizationLength): Controls the calculation period and sensitivity for market detection.
• Box Detection Length (boxDetectionLength): Controls the calculation period and sensitivity for market detection.
• Strong Closes Only (strongClosesOnly): Controls the calculation period and sensitivity for market detection.
• Allow Overlap (allowOverlap): Controls the calculation period and sensitivity for market detection.
• Profile Resolution (profileResolution): Controls the calculation period and sensitivity for market detection.
• Profile Scale (profileScale): Controls the calculation period and sensitivity for market detection.
• Channel Box Opacity (channelBoxOpacity): Controls the calculation period and sensitivity for market detection.
• Channel Top (channelTop): Controls the calculation period and sensitivity for market detection.
• Channel Bottom (channelBottom): Controls the calculation period and sensitivity for market detection.
• Channel Center (channelCenter): Controls the calculation period and sensitivity for market detection.
• Bullish Trend (bullTrend): Controls the calculation period and sensitivity for market detection.
• Bearish Trend (bearTrend): Controls the calculation period and sensitivity for market detection.
• Channel Formed (channelFormed): Controls the calculation period and sensitivity for market detection.
• Bullish Channel Break (bullishChannelBreak): Controls the calculation period and sensitivity for market detection.
• Bearish Channel Break (bearishChannelBreak): Controls the calculation period and sensitivity for market detection.
• Bullish Channel Break - up (bullishChannelBreakUp): Controls the calculation period and sensitivity for market detection.
• Bullish Channel Break - down (bullishChannelBreakDown): Controls the calculation period and sensitivity for market detection.
• Bearish Channel Break - up (bearishChannelBreakUp): Controls the calculation period and sensitivity for market detection.
• Bearish Channel Break - down (bearishChannelBreakDown): Controls the calculation period and sensitivity for market detection.
• Current Sentiment % (currentSentimentPct): Controls the calculation period and sensitivity for market detection.
• Overall Sentiment (sum) (overallSentiment): Controls the calculation period and sensitivity for market detection.
• Box 1 Winner % (box1WinnerPct): Controls the calculation period and sensitivity for market detection.
• Box 2 Winner % (box2WinnerPct): Controls the calculation period and sensitivity for market detection.
• Box 3 Winner % (box3WinnerPct): Controls the calculation period and sensitivity for market detection.
• Max (Bullish) % in Last 2 Boxes (maxBox2Pct): Controls the calculation period and sensitivity for market detection.
• Min (Bearish) % in Last 2 Boxes (minBox2Pct): Controls the calculation period and sensitivity for market detection.
• Max (Bullish) % in Last 3 Boxes (maxBox3Pct): Controls the calculation period and sensitivity for market detection.
• Min (Bearish) % in Last 3 Boxes (minBox3Pct): Controls the calculation period and sensitivity for market detection.
• Channel Formed (channelFormed): Controls the calculation period and sensitivity for market detection.
• Bullish Channel Break (bullishChannelBreak): Controls the calculation period and sensitivity for market detection.
• Bearish Channel Break (bearishChannelBreak): Controls the calculation period and sensitivity for market detection.
• Bullish Channel Break - up (bullishChannelBreakUp): Controls the calculation period and sensitivity for market detection.
• Bullish Channel Break - down (bullishChannelBreakDown): Controls the calculation period and sensitivity for market detection.
• Bearish Channel Break - up (bearishChannelBreakUp): Controls the calculation period and sensitivity for market detection.
• Bearish Channel Break - down (bearishChannelBreakDown): Controls the calculation period and sensitivity for market detection.
• Current Sentiment % (currentSentimentPct): Controls the calculation period and sensitivity for market detection.
• Overall Sentiment (sum) (overallSentiment): Controls the calculation period and sensitivity for market detection.
• Box 1 Winner % (box1WinnerPct): Controls the calculation period and sensitivity for market detection.
• Box 2 Winner % (box2WinnerPct): Controls the calculation period and sensitivity for market detection.
• Box 3 Winner % (box3WinnerPct): Controls the calculation period and sensitivity for market detection.
• Max (Bullish) % Any of 2 (maxBox2Pct): Controls the calculation period and sensitivity for market detection.
• Min (Bearish) % Any of 2 (minBox2Pct): Controls the calculation period and sensitivity for market detection.
• Max (Bullish) % Any of 3 (maxBox3Pct): Controls the calculation period and sensitivity for market detection.
• Min (Bearish) % Any of 3 (minBox3Pct): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• channelFormed - Channel Formed event signal.
• bullishChannelBreak - Bullish Channel Break event signal.
• bearishChannelBreak - Bearish Channel Break event signal.
• bullishChannelBreakUp - Bullish Channel Break - up event signal.
• bullishChannelBreakDown - Bullish Channel Break - down event signal.
• bearishChannelBreakUp - Bearish Channel Break - up event signal.
• bearishChannelBreakDown - Bearish Channel Break - down event signal.
• channelFormed - Channel Formed event signal.
• bullishChannelBreak - Bullish Channel Break event signal.
• bearishChannelBreak - Bearish Channel Break event signal.
• bullishChannelBreakUp - Bullish Channel Break - up event signal.
• bullishChannelBreakDown - Bullish Channel Break - down event signal.
• bearishChannelBreakUp - Bearish Channel Break - up event signal.
• bearishChannelBreakDown - Bearish Channel Break - down event signal.

2. Filters and Trade Levels

• normalizationLength - Normalization Length value used for structural qualification or thresholds.
• boxDetectionLength - Box Detection Length value used for structural qualification or thresholds.
• strongClosesOnly - Strong Closes Only value used for structural qualification or thresholds.
• allowOverlap - Allow Overlap value used for structural qualification or thresholds.
• profileResolution - Profile Resolution value used for structural qualification or thresholds.
• profileScale - Profile Scale value used for structural qualification or thresholds.
• channelBoxOpacity - Channel Box Opacity value used for structural qualification or thresholds.
• channelTop - Channel Top value used for structural qualification or thresholds.
• channelBottom - Channel Bottom value used for structural qualification or thresholds.
• channelCenter - Channel Center value used for structural qualification or thresholds.
• bullTrend - Bullish Trend value used for structural qualification or thresholds.
• bearTrend - Bearish Trend value used for structural qualification or thresholds.
• currentSentimentPct - Current Sentiment % value used for structural qualification or thresholds.
• overallSentiment - Overall Sentiment (sum) value used for structural qualification or thresholds.
• box1WinnerPct - Box 1 Winner % value used for structural qualification or thresholds.
• box2WinnerPct - Box 2 Winner % value used for structural qualification or thresholds.
• box3WinnerPct - Box 3 Winner % value used for structural qualification or thresholds.
• maxBox2Pct - Max (Bullish) % in Last 2 Boxes value used for structural qualification or thresholds.
• minBox2Pct - Min (Bearish) % in Last 2 Boxes value used for structural qualification or thresholds.
• maxBox3Pct - Max (Bullish) % in Last 3 Boxes value used for structural qualification or thresholds.
• minBox3Pct - Min (Bearish) % in Last 3 Boxes value used for structural qualification or thresholds.
• currentSentimentPct - Current Sentiment % value used for structural qualification or thresholds.
• overallSentiment - Overall Sentiment (sum) value used for structural qualification or thresholds.
• box1WinnerPct - Box 1 Winner % value used for structural qualification or thresholds.
• box2WinnerPct - Box 2 Winner % value used for structural qualification or thresholds.
• box3WinnerPct - Box 3 Winner % value used for structural qualification or thresholds.
• maxBox2Pct - Max (Bullish) % Any of 2 value used for structural qualification or thresholds.
• minBox2Pct - Min (Bearish) % Any of 2 value used for structural qualification or thresholds.
• maxBox3Pct - Max (Bullish) % Any of 3 value used for structural qualification or thresholds.
• minBox3Pct - Min (Bearish) % Any of 3 value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.