Advanced Swing Breakout + RSI + EMA + Smart Volume Spike

This indicator is designed to identify high-probability swing trade setups using a confluence of:
Swing High/Low Breakouts
RSI Trend Strength
EMA Directional Bias
Smart Volume Spike Confirmation

It combines key price action levels with volume and momentum filters to generate clean, actionable breakout alerts. It’s perfect for both intraday and swing traders looking to trade breakouts with confirmation from multiple technical layers.
⚙️ How It Works:
✅ Swing Detection:
Plots Swing Highs and Swing Lows based on the past N candles.

Highlights breakouts above highs or breakdowns below lows.

💪 RSI Filter:
Confirms whether the breakout is supported by RSI momentum.

Bullish breakout requires RSI > 50 and price above EMA.

Bearish breakdown requires RSI < 50 and price below EMA.

📈 EMA Trend Bias:
EMA (default 20-period) shows directional bias.

Used as a filter to confirm trade direction.

🔊 Smart Volume Spike:
Detects significant volume spikes above a moving average threshold.

Color-coded bars show whether volume is bullish, bearish, or neutral.

Ensures breakout is not on weak or average volume.

🚨 Alerts Included:
✅ Break Above Swing High: Only triggers when RSI, EMA, and Volume all confirm the move.

⚠️ Break Below Swing Low: Triggered only when bearish conditions are met.

📊 Visual Output:
Swing Highs: 🔴 Red Dots
Swing Lows: 🟢 Green Dots
EMA Line: 🟠 Orange Line
Volume Spike Bars: Appears in separate pane with dynamic color logic.

🧠 Best Use Cases:
Intraday Scalping (5m–15m timeframes)
Swing Trading (1H–4H)
Breakout Confirmation
Volume-Supported Entry Filtering