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BO Indicator
BO Indicator brings price structure, volume, trend, and relative strength onto one chart to help identify potential Stage 1 to Stage 2 transitions and Stage 2 continuation breakouts.
**Breakout markers**
- **A+** marks a closed daily candle that breaks above a tight, low-volume base on increased volume, with at least two qualifying high-volume accumulation candles in the preceding lookback period.
- **S2 BO** marks a similar base breakout when the 50 EMA is above the 200 EMA and rising, but the A+ accumulation requirement is not met.
- The existing **BO, Squat Entry, Follow-Through Day, and ATH BO** arrows provide additional price and volume cues. “ATH BO” requires price to be within 25% of its calculated all-time high; it does not require a new all-time high.
A small **black circle** marks a completed 15-minute candle with RVol above the selected threshold, 1000% by default, and a positive close-to-close change. On the daily chart, a circle appears if at least one 15-minute candle that day meets those conditions.
The chart also plots **21, 50, and 200 EMAs on daily charts** and **10 SMA and 30 EMA on weekly charts**. An information table shows distance from the all-time and 52-week highs, a 52-week range measure, relative performance versus a configurable benchmark (NIFTY by default), and an illustrative quantity calculated from 10,000 divided by the current price.
Base depth, volume requirements, accumulation lookback, and the 15-minute RVol threshold are adjustable. **A+** and **S2 BO** alert conditions are included.
The markers are screening cues. High volume alone cannot establish who is buying, and a breakout label does not guarantee follow-through.
**Breakout markers**
- **A+** marks a closed daily candle that breaks above a tight, low-volume base on increased volume, with at least two qualifying high-volume accumulation candles in the preceding lookback period.
- **S2 BO** marks a similar base breakout when the 50 EMA is above the 200 EMA and rising, but the A+ accumulation requirement is not met.
- The existing **BO, Squat Entry, Follow-Through Day, and ATH BO** arrows provide additional price and volume cues. “ATH BO” requires price to be within 25% of its calculated all-time high; it does not require a new all-time high.
A small **black circle** marks a completed 15-minute candle with RVol above the selected threshold, 1000% by default, and a positive close-to-close change. On the daily chart, a circle appears if at least one 15-minute candle that day meets those conditions.
The chart also plots **21, 50, and 200 EMAs on daily charts** and **10 SMA and 30 EMA on weekly charts**. An information table shows distance from the all-time and 52-week highs, a 52-week range measure, relative performance versus a configurable benchmark (NIFTY by default), and an illustrative quantity calculated from 10,000 divided by the current price.
Base depth, volume requirements, accumulation lookback, and the 15-minute RVol threshold are adjustable. **A+** and **S2 BO** alert conditions are included.
The markers are screening cues. High volume alone cannot establish who is buying, and a breakout label does not guarantee follow-through.
Notas de Lançamento
Added MA Type (Daily & Weekly) with Original, EMA, and SMA choices.Original preserves the attached script’s calculations: daily 21/50/200 EMAs, weekly 10 SMA and 30 EMA, and the weekly table’s 30 SMA.
Selecting EMA or SMA applies that type to all daily and weekly price MAs. Daily breakout signals can change because their 21/50 and 50/200 alignment checks use the selected type.
Weekly table values and labels follow the selection. Plot names now say “MA” so they remain accurate in every mode.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.