by 
This strategy identifies breakout momentum by combining Bollinger Bands and Keltner Channels with volume confirmation. It opens long positions when the upper Keltner Channel crosses above the upper Bollinger Band and volume exceeds its moving average. Converse
Strategy · Pine Script v5 · On the chart
Volume Surge (Memecoin)
This strategy identifies momentum breakouts by detecting sudden volume spikes relative to a simple moving average alongside rapid bar price gains.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code50
Settings5inputs
LicenceMIT
Last update3 months ago8 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
50 lines of Pine Script v5 from public/code/memecoin__volume_surge.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
// =====================================================
// Volume Surge Strategy (Memecoin) - Strategy Lab
// =====================================================
// NOTE: Most memecoin strategies require on-chain data (holder, dev wallet,
// bonding curve); these are not available in Pine Script.
// Volume Surge and Tiered Exit are price/volume based, so in TradingView
// they work. For other memecoin strategies, use the Python/TypeScript versions
// use them (with off-chain API data).
// =====================================================
strategy("Volume Surge (Memecoin)", overlay=true,
default_qty_type=strategy.percent_of_equity, default_qty_value=10)
volMultMin = input.float(3.0, "Min Volume Multiplier")
priceChg5m = input.float(5.0, "Min Price Change %")
bsRatioMin = input.float(1.5, "Min Buy/Sell Proxy (up vol ratio)")
volLookback = input.int(12, "Volume Avg Lookback (bars)")
tooLatePct = input.float(100.0, "Too Late Threshold % (1h proxy)")
// Volume surge
avgVol = ta.sma(volume, volLookback)
volMult = volume / avgVol
// Price momentum (5m proxy = current bar change)
priceChange = ((close - close[1]) / close[1]) * 100
// 1h proxy (12 x 5m bar)
priceChange1h = ((close - close[12]) / close[12]) * 100
// Buy pressure proxy: green candle volume / total
upVol = close > open ? volume : 0.0
dnVol = close < open ? volume : 0.0
bsProxy = upVol / math.max(dnVol, 1)
cond1 = volMult >= volMultMin
cond2 = priceChange >= priceChg5m
cond3 = close > open // momentum up
tooLate = priceChange1h > tooLatePct
longSig = cond1 and cond2 and cond3 and not tooLate
atrV = ta.atr(14)
if longSig and strategy.position_size == 0
sl = close * 0.85
strategy.entry("VolSurge", strategy.long)
strategy.exit("X1", "VolSurge", stop=sl, limit=close * 1.7)
plotshape(longSig, "Surge", shape.triangleup, location.belowbar, color.lime, size=size.normal)
plotchar(volMult >= volMultMin, "VolSpike", "▲", location.bottom, color.aqua, size=size.tiny)
alertcondition(longSig, "Volume Surge", "Memecoin volume surge detected")
Overview
Volume Surge (Memecoin) plots signal triangles and volume spike markers directly on the price chart. When volume and bar return exceed user thresholds and one-hour change remains below a maximum cap, it enters long positions using ten percent equity sizing. Exits execute through a fixed fifteen percent stop loss and a seventy percent take profit limit. Notably, the configured buy-sell volume ratio setting is unused in the code logic.
- Volume surge detection
- Price momentum threshold filter
- One-hour proxy extension filter
- Fixed percentage stop loss and take profit
- On-chart signal shapes and alerts
Details
Published by
muammeryldrm42 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Volume
Markets
Crypto
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
cryptofuturessodexsosovaluestrategyvaluechain
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min Volume Multiplier | float | 3.0 | volMultMin |
| Min Price Change % | float | 5.0 | priceChg5m |
| Min Buy/Sell Proxy (up vol ratio) | float | 1.5 | bsRatioMin |
| Volume Avg Lookback (bars) | int | 12 | volLookback |
| Too Late Threshold % (1h proxy) | float | 100.0 | tooLatePct |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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