Volume Breakout Indicator

Tick Volume Breakout Indicator — Precise Candle Activity Detection
Introduction
In fast-moving markets, timing is everything. But how do you know if a candlestick truly reflects strong buying or selling pressure? That’s where Tick Volume Breakout Indicator comes in — a smart tool designed to detect candles with unusually high tick activity combined with breakout price behavior.
Whether you're a scalper, day trader, or swing trader, this indicator helps you identify high-probability entries based on real-time tick volume pressure — a feature often overlooked in traditional indicators.
The Concept Behind the Indicator
Most retail traders rely on price action alone. However, tick volume — the number of price changes within a candle — offers a hidden layer of market insight.
By calculating the average tick volume over recent candles and comparing it to the current candle’s activity, the indicator pinpoints when a breakout is not just a random spike, but one backed by true market participation.
When combined with range breakouts, these signals highlight potential momentum shifts or institutional activity.
How the Indicator Works
The Tick Volume Breakout Indicator does three things:

1. Calculates the tick volume of each candle.
2. Averages the tick volume over a set number of previous candles (user-defined).
3. Marks a candle as a breakout if:
   1. Its tick volume exceeds the average by a custom multiplier.
   2. Its close price breaks above or below the high/low of the recent range (lookback period).

   
   

You can fully customize:

1. Tick volume lookback period.
2. Tick volume sensitivity (multiplier).
3. Breakout range depth.
4. Colors of breakout candles.

Key Features

1. Detects true momentum candles with volume confirmation.
2. Works on all timeframes and symbols (Forex, Crypto, Commodities, etc).
3. Color-coded breakout candles.
4. Lightweight and optimized for fast execution.
5. Useful in trending and range-bound conditions.

https://www.forexgadgets.com/en/best-forex-indicators/

Hi Brother, I am unable to download the indicator, and whenever I click on the above link it does not open and gives an error. Could you please share the indicator here in the chat? Thank you, and God bless you.

You can download the changes made from the site without any problems.
https://www.forexgadgets.com/en/best-forex-indicators/