TradingView IndicatorFree to Use
High Volume Breakout Targets
Free TradingView Indicator by AlgoAlpha — Volume & Order Flow
High Volume Breakout Targets [AlgoAlpha] identifies price zones formed by related pivot highs or pivot lows. These zones represent areas where price previously reacted around overlapping wick and candle-body levels.
660views
123boosts
2026-07-31published
Best for
Volume analysisBuy/sell signalsBreakoutsSupport/resistance
Works on
CryptoForexStocksIndices
What is High Volume Breakout Targets?
High Volume Breakout Targets [AlgoAlpha] identifies price zones formed by related pivot highs or pivot lows. These zones represent areas where price previously reacted around overlapping wick and candle-body levels.
The indicator then checks whether price closes through a zone with enough of the breakout candle extending beyond its boundary. Qualified breakouts can display directional labels, an entry level, and three targets based on the height of the broken zone.
Normalized volume candles are also shown inside recent active zones. This helps traders compare current volume with its recent average while watching price interact with a potential support or resistance area.
High Volume Breakout Targets Features
Pivot Zones
Displays bullish support zones and bearish resistance zones created from associated pivot structures.
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Breakout Labels
Marks bullish and bearish closes that satisfy the selected outside-range requirement.
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Three-Level Targets
Displays the breakout entry, a target area, and TP1, TP2, and TP3 levels derived from the broken zone’s height.
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Zone Volume Display
Shows normalized volume candles inside the four most recently active zones.
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Target Completion Marker
Prints a checkmark on the first candle whose wick reaches TP3.
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How High Volume Breakout Targets Works
• Pivot High Zone — A resistance area formed when a confirmed pivot-high wick falls within the body of a previous pivot-high candle. The zone spans the associated wick highs and body-top levels.
• Pivot Low Zone — A support area formed when a confirmed pivot-low wick falls within the body of a previous pivot-low candle. The zone spans the associated wick lows and body-bottom levels.
• Pivot Confirmation — A pivot requires the selected number of bars on both sides of the turning point. A higher Pivot Length identifies broader structures but confirms them later and less often.
• Zone Maximum Age — The maximum number of bars during which two pivots can be associated and an active zone can continue extending. An expired zone remains visible but no longer produces a breakout.
• Qualified Breakout — A breakout requires a confirmed close above a bearish zone or below a bullish zone. It must also place the selected percentage of the candle’s full range beyond the broken boundary.
• Normalized Volume — Current volume is divided by its 20-bar average. The resulting ratio controls the size and transparency of the volume candle displayed inside an active zone.
• Breakout Targets — The breakout close becomes the entry level. The broken zone’s height is divided into three equal steps to calculate TP1, TP2, and TP3 in the breakout direction.
• Target Expiry — Each target setup remains active for a selected number of bars. When TP1 or TP2 is reached, the remaining unhit targets receive a new expiry period from the hit candle.
How to Use High Volume Breakout Targets
• Adjust Pivot Length to match the structure you trade. Use lower values for smaller and more frequent zones, or higher values for broader and less frequent zones.
• Treat bullish zones as potential support and bearish zones as potential resistance while they continue extending.
• Watch how price behaves inside a zone. Use the normalized volume candles to compare participation with the recent volume average.
• Wait for a breakout label rather than treating every wick through a zone as a breakout. A label appears only after the candle closes beyond the boundary and meets the Minimum Breakout Range setting.
• Use a higher Minimum Breakout Range to require more of the breakout candle to trade beyond the zone. Use a lower value to accept less decisive moves.
• After a qualified breakout, use the entry line as the breakout reference and TP1, TP2, and TP3 as zone-based projection levels.
• Check whether targets are reached before their expiry. TP1 and TP2 extend the active period for the remaining targets when reached.
• Combine the zones and breakout signals with market structure, trend direction, liquidity, and risk controls. The indicator does not define a stop-loss or position size.
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