Breakout Score (0–100)

Breakouts are often the trader's best setups. Often seen on the chart as wedges and flags, consolidation before a pop up or down. This script attempts to visualize breakout potential with gradients in the background. I built this to place on my side charts to quickly visualize that a setup was forming.

For this indicator, Breakouts have generally been assumed as:

Decrease in average volume over N candles
Proximity to VWAP
Convergence/cross of price to the 9, 20 and 50 EMAs
Range compression (formation of flag or consolidation)

each of these factors are scored and rated. Multiple signals exponentially increase the gradient. Depending on the score, the chart will display a visual gradient behind the chart. Color, opacity and filtering fully customizable.

Enjoy!