euro_rapp wrote: Sat Nov 14, 2026 2:35 pm
Hey guys! I wanted to share an indicator i devloped. Pipa gave me the idea of incorporating a session based value into existing indicators. I wanted something like the TDFI but based on sessions. Instead of using standard moving averages, it evaluates breakout volume using a time-of-day baseline—comparing the current minute's volume directly to historical sessions at that exact same time of day. By combining this Z-score volume normalization with an ATR-based price range check, it helps filter out low-volume noise and identifies true institutional breakouts from trading ranges. Of course i used AI to programm it for me, but the results have been somewhat of a letdown. But its solely a graphical issue, the indicator works as it should. Maybe some of the master programmers can perfect it. Give it a try and let me know what you think!
Adaptive Breakout Volume – My Development and Improvements
Hi Euro_rapp,
First of all, I want to thank you for sharing your idea and your work with the community. I think the concept behind your Adaptive Breakout Volume indicator is really interesting and has great potential.
I've been experimenting with your original concept, trying to improve its effectiveness while focusing particularly on trend stability, signal quality, and reducing false entries.
My main improvement was introducing a trend-following filter based on eight Exponential Moving Averages (EMAs),
The objective is to identify the underlying market direction and allow BUY signals primarily when the fast EMA group is above the slow group, and SELL signals when the opposite condition occurs.
This directional filter works alongside your original session-based volume Z-score normalization and ATR breakout confirmation, helping to identify breakouts that are aligned with the broader market trend rather than reacting to every isolated volume spike.
I've also introduced a few visual improvements:
- A simple, customizable dashboard displaying the latest BUY/SELL signal, direction (UP/DOWN), entry reference price, and date.
- Clear BUY/SELL arrows and labels directly on the main chart.
- Vertical signal lines and stars in the lower indicator window, inspired by ChartStarsLabels.
- A cleaner, more intuitive graphical interface.
Over the course of this week, I've developed and tested seven different versions. So far, the fourth development version seems to be the most promising and best-performing in my preliminary observations.
There's still room for improvement, and further testing is needed, but I believe your idea provides an excellent foundation for continued development.
Thank you again, Euro_rapp, for the inspiration and for sharing your work with the community!
Best regards,
Daniele
