[pcabc]

Volume is different in the UK and doesn't behave the same as US stocks, but you should still be looking for at least 2x the average volume on the breakout week, but the volume profile following won't look like the US stocks, so that is why I use the cumulative force index indicator for UK stocks as it gives a cleaner view of what the volume is doing imo. You can find instructions for how to create it in the general section.

Thank you. I'll look at implementing the cumulative force index - it looks reasonably simple. I've been looking at On Balance Volume to date in addition the basic chart, relative strength and volume. Looking at volume in a few UK charts - there seem to be spikes on breakout but there seems to be quite a lot of noise in general and spikes seem also to occur when breakouts don't occur - e.g. in trading ranges.

Thanks,

Pete