DanZanger breakout candle highlighter by Nish
This indicator highlights candles where volume expands above normal levels, inspired by Dan Zanger’s breakout methodology.
It is designed for traders who want a simple, visual way to spot potential breakout activity based on unusual volume — without needing to manually check the volume panel.
It is designed for traders who want a simple, visual way to spot potential breakout activity based on unusual volume — without needing to manually check the volume panel.
- Calculates the 20‑period average volume (customizable)
- Compares current volume to a user‑defined multiplier
- Highlights candles yellow when volume exceeds the threshold
- Optionally filters signals to only show bullish (green) candles
- Plots a small triangle marker below qualifying candles for clarity
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.
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.