Simple Volume Breakout Strategy
A complete, copy-paste ready Pine Script (v5) for TradingView. Validated by Volume Spikes and Price Action.
Why Use a Volume Breakout?
A breakout without volume is often a trap. By combining a Donchian Channel Breakout with a Volume Moving Average Multiplier, this strategy filters out low-conviction moves.
The Complete Pine Script Code
Copy the code below and paste it into your TradingView Pine Editor.
//@version=5
// Developed by Jayadev Rana | jayadevrana.com
strategy("Simple Volume Breakout - Jayadev Rana", overlay=true)
// --- 1. Inputs ---
volLen = input.int(20, "Volume SMA Length")
mult = input.float(1.5, "Volume Multiplier")
// --- 2. Calculations ---
// Calculate Average Volume
volMA = ta.sma(volume, volLen)
// Define Breakout Condition (Volume is 1.5x higher than average)
volBreak = volume > (volMA * mult)
// Define Price Breakout (Highest High of last 20 bars)
highBreak = close > ta.highest(high, 20)[1]
lowBreak = close < ta.lowest(low, 20)[1]
// --- 3. Execution ---
if (volBreak and highBreak)
strategy.entry("Long", strategy.long)
if (volBreak and lowBreak)
strategy.entry("Short", strategy.short)
// --- 4. Visuals ---
plot(volMA, "Vol MA", color=color.yellow)
Automation & Broker Integration
This script can be automated to place orders directly in your broker account using TradingView Alerts and Webhooks. We support integration with:
Frequently Asked Questions (FAQ)
1. What is the logic behind the Volume Breakout Strategy?
It identifies when the current volume exceeds the average volume by a specific multiplier (e.g., 1.5x), simultaneous with a price breakout above the recent high (20 candles).
2. Does this strategy repaint?
No. This script uses confirmed closed bars to generate signals. Once a candle closes and a signal is painted, it will not disappear.
3. Can I use this strategy on TradingView mobile app?
Yes. You must add the script to your chart on a desktop first. Once saved, you can view the signals and receive alerts on your TradingView mobile app (Android/iOS).
4. Can this script be automated with Zerodha or Binance?
Yes. Using TradingView Alerts and Webhooks, this script can trigger trades on Zerodha, Angel One, Binance, and others via third-party bridges or APIs.
5. What is the best timeframe for this strategy?
Volume breakouts generally work best on 15-minute, 1-hour, and Daily timeframes. Scalping on 1-minute charts may result in too many false signals due to noise.
6. Does it work for Options Trading (BankNifty/Nifty)?
Yes. You can apply this to the Spot or Futures chart of the index. The alert can then trigger an automated order for ATM or OTM options in your broker account using a bridge.
7. How much does it cost to automate this?
The script provided here is free. For automation, you need a TradingView subscription (Pro/Plus) for webhooks and a bridge service subscription. Contact us for setup assistance.
8. Can I add a Stop Loss and Take Profit?
Yes, this code is a base template. We can customize it to include Percentage-based, Points-based, or ATR-based Stop Loss and Take Profit targets.
9. Do I need a VPS?
If you use cloud-based bridges (like some crypto bots), no VPS is needed. If you use desktop-based bridge software for Indian brokers, a VPS is recommended for 24/7 connectivity.
10. Is this suitable for Crypto trading?
Absolutely. Crypto markets are highly volatile, and volume-backed breakouts are one of the most reliable indicators for assets like Bitcoin (BTC) and Ethereum (ETH).
11. Why isn’t the strategy taking trades on every candle?
The conditions are strict: Volume MUST be higher than average AND Price MUST break the 20-candle high/low. If both don’t happen at the same time, no trade is taken.
12. Can Jayadev Rana customize this for me?
Yes! I am a full-time Pine Script developer. I can add filters (RSI, MACD), custom alerts, money management, and more. Use the contact button to hire me.
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