OPEN-SOURCE SCRIPT
High Accuracy Volume Breakout Strategy
High Accuracy Volume Breakout Strategy (EMA + RSI Filter)
🧠 Description:
This is a high-accuracy breakout strategy based on volume surges, trend confirmation, and momentum filtering, designed for intraday and short-term trading.
The strategy aims to capture strong directional moves triggered by sudden increases in volume, with entry filters to avoid low-quality or choppy signals.
✅ Entry Logic:
🔺 Buy Entry Conditions:
Current candle closes above previous high
Volume is greater than 1.5× the 20-period average
Price is above 50 EMA (uptrend confirmation)
RSI is below 70 (not overbought)
🔻 Sell Entry Conditions:
Current candle closes below previous low
Volume is greater than 1.5× the 20-period average
Price is below 50 EMA (downtrend confirmation)
RSI is above 30 (not oversold)
🎯 Exit Logic:
Stop Loss: 1.2 × ATR(14)
Take Profit: 2.0 × ATR(14)
🧪 Recommended Settings:
Parameter Value
Timeframe 5-minute, 15-minute
Markets Gold (XAUUSD), Nifty, BankNifty, BTC, NASDAQ
Risk/Reward ~1:1.6
Expected Accuracy ~65–75% in trending markets
📊 Features:
🔸 ATR-based dynamic stoploss and target
🔸 Volume spike confirmation to detect real breakouts
🔸 EMA 50 trend filter to reduce false signals
🔸 RSI filter to avoid extreme zones (overbought/oversold)
🔸 Plotted buy/sell arrows for clarity
⚠️ Disclaimer:
This strategy is for educational purposes only. Please backtest and paper trade before using in live markets. Performance may vary depending on asset and timefram
plot(ema50, color=color.orange)
🧠 Description:
This is a high-accuracy breakout strategy based on volume surges, trend confirmation, and momentum filtering, designed for intraday and short-term trading.
The strategy aims to capture strong directional moves triggered by sudden increases in volume, with entry filters to avoid low-quality or choppy signals.
✅ Entry Logic:
🔺 Buy Entry Conditions:
Current candle closes above previous high
Volume is greater than 1.5× the 20-period average
Price is above 50 EMA (uptrend confirmation)
RSI is below 70 (not overbought)
🔻 Sell Entry Conditions:
Current candle closes below previous low
Volume is greater than 1.5× the 20-period average
Price is below 50 EMA (downtrend confirmation)
RSI is above 30 (not oversold)
🎯 Exit Logic:
Stop Loss: 1.2 × ATR(14)
Take Profit: 2.0 × ATR(14)
🧪 Recommended Settings:
Parameter Value
Timeframe 5-minute, 15-minute
Markets Gold (XAUUSD), Nifty, BankNifty, BTC, NASDAQ
Risk/Reward ~1:1.6
Expected Accuracy ~65–75% in trending markets
📊 Features:
🔸 ATR-based dynamic stoploss and target
🔸 Volume spike confirmation to detect real breakouts
🔸 EMA 50 trend filter to reduce false signals
🔸 RSI filter to avoid extreme zones (overbought/oversold)
🔸 Plotted buy/sell arrows for clarity
⚠️ Disclaimer:
This strategy is for educational purposes only. Please backtest and paper trade before using in live markets. Performance may vary depending on asset and timefram
plot(ema50, color=color.orange)
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.