Price and Volume Breakout Strategy

The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks.

This strategy is optimized for assets demonstrating high volatility and significant momentum spikes.

HOW IT WORKS

The strategy first takes the specific number of candlesticks as the examination window for both price and volume.

These values are used as benchmarks to identify breakout conditions.

A trade is initiated when both the closing price and the trading volume surpass the maximum values observed within the predetermined window.

Price must be above a designated moving average, serving as the trend indicator, ensuring that all trades align with the prevailing market trend.

APPLICATION

This strategy is particularly effective for highly volatile assets such as Leveraged ETFs, Bitcoin and Ethereum, capitalizing on the cues from sudden price and volume breakouts indicative of significant market movement, often driven by market smart money traders.

We also added TechQuant Technical Indicator package to minimize false signals.

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Results are for TQQQ ETF in 5-Min Timeframe, it almost works for all high ATR assets.