// This script outputs a bullish breakout signal when the current close is above the previous high and volume is higher than average
// Define the average volume period
study("Bullish Breakout with High Volume", overlay=true)
avg_volume_period = 50
// Check if current close is above previous high
is_close_above_high = close > high[1]
// Check if volume is higher than average
is_volume_high = volume > avg(volume, avg_volume_period)
// Output a bullish signal if current close is above previous high and volume is higher than average
if (is_close_above_high and is_volume_high)
plot(0, style=plot.style_arrowup, title="Bullish Breakout")
else
plot(0, style=plot.style_none, title="None")
// Define the average volume period
study("Bullish Breakout with High Volume", overlay=true)
avg_volume_period = 50
// Check if current close is above previous high
is_close_above_high = close > high[1]
// Check if volume is higher than average
is_volume_high = volume > avg(volume, avg_volume_period)
// Output a bullish signal if current close is above previous high and volume is higher than average
if (is_close_above_high and is_volume_high)
plot(0, style=plot.style_arrowup, title="Bullish Breakout")
else
plot(0, style=plot.style_none, title="None")
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