3 years ago
The Volume Breakout is a derivative of a standard volume bar. It is a two phases bar type.
First it starts to accumulate volumes during phase one, and then, it waits for a volume breakout above the high or below the low of the accumulation phase.
This results in better signals based on oscillator or pattern recognition, because it filters small variations of price and is focused on Volume moves.
If you use to trade Volume Bars, we highly recommend you try this bar type.
The Rectangle Pattern
Double and Triple Pattern
The Cup with Handle Pattern
The Head-and-Shoulders Pattern