Volume Breakout

Volume breakout is a volume spike in a bar which is above average.

BUY :When close is greater than ema of 21 period and current volume is greater than ema of of 50 period for volume and is also greater than 1.5 times previous volume.

SELL : when ema of 50 period crossed above ema of 21 period.

set ma1 = EMA(CLOSE,21);
set v1 = EMA(VOLUME,50);
set v2 = REF(VOLUME,1) * 1.5;
CLOSE > ma1 and VOLUME > v1 and VOLUME > v2;}


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