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Screener 1

This document is a Pine Script for a trading indicator that screens stocks based on daily trend and momentum conditions. It checks for criteria such as high volume, moving averages, RSI levels, proximity to 52-week highs, and MACD signals. The results are displayed in a table and alerts are triggered when a ticker meets all specified conditions.

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fcgh383
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25 views4 pages

Screener 1

This document is a Pine Script for a trading indicator that screens stocks based on daily trend and momentum conditions. It checks for criteria such as high volume, moving averages, RSI levels, proximity to 52-week highs, and MACD signals. The results are displayed in a table and alerts are triggered when a ticker meets all specified conditions.

Uploaded by

fcgh383
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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//@version=5

indicator(" Screener - Strong Trend & Momentum (Daily Tracking)", overlay=true)

// 📌 **Daily Time Frame Data**

dailyClose = request.security(syminfo.tickerid, "D", close)

dailyHigh = request.security(syminfo.tickerid, "D", high)

dailyLow = request.security(syminfo.tickerid, "D", low)

dailyVolume = request.security(syminfo.tickerid, "D", volume)

// 📌 **Volume Filter (Min 100K)**

minVolume = 100000

highVolume = dailyVolume > minVolume

// 📌 **Moving Averages (Daily)**

sma5 = ta.sma(dailyClose, 5)

sma20 = ta.sma(dailyClose, 20)

sma50 = ta.sma(dailyClose, 50)

sma150 = ta.sma(dailyClose, 150)

sma200 = ta.sma(dailyClose, 200)

// 📌 **Trend Filters (Daily)**

trendUp = (sma5 > sma20) and (sma20 > sma50) and (sma50 > sma150) and (sma150 > sma200)

// 📌 **RSI Condition (Daily Momentum Strength)**

rsi = ta.rsi(dailyClose, 14)


rsiAbove70 = rsi > 70

rsiAbove55 = rsi > 55

// 📌 **52-Week High Criteria (Daily)**

high52 = ta.highest(dailyHigh, 252)

nearHigh = dailyClose > (high52 * 0.90) // Within 10% of 52-week high

// 📌 **Avoid Extended (>25% above 50-SMA)**

notExtended = dailyClose < (sma50 * 1.25)

// 📌 **MACD Calculation (Using Daily Data)**

[macdLine, signalLine, _] = request.security(syminfo.tickerid, "D", ta.macd(dailyClose, 12, 26, 9))

// **MACD Conditions**

macdBullish = macdLine > signalLine // MACD Crossover

macdAboveZero = macdLine > 0 // MACD Above Zero Line

// 🎯 **Final Screener Condition**

valid = highVolume and trendUp and rsiAbove70 and rsiAbove55 and nearHigh and notExtended and
macdBullish and macdAboveZero

// 📌 **Table for Screening Results**

var table resultTable = table.new(position=position.top_right, columns=8, rows=10)

// 📌 **Clear Table Every 5 Bars**

if bar_index % 5 == 0
table.clear(resultTable, 0, 0)

// **Table Header**

table.cell(resultTable, 0, 0, "Ticker", text_color=color.white)

table.cell(resultTable, 0, 1, "Volume > 100K", text_color=color.white)

table.cell(resultTable, 0, 2, "Uptrend", text_color=color.white)

table.cell(resultTable, 0, 3, "RSI > 70", text_color=color.white)

table.cell(resultTable, 0, 4, "RSI > 55", text_color=color.white)

table.cell(resultTable, 0, 5, "52W High", text_color=color.white)

table.cell(resultTable, 0, 6, "MACD Bullish", text_color=color.white)

table.cell(resultTable, 0, 7, "MACD > 0", text_color=color.white)

// **Data**

table.cell(resultTable, 1, 0, syminfo.ticker, text_color=color.white)

table.cell(resultTable, 1, 1, highVolume ? "✅ Yes" : "❌ No", text_color=highVolume ? color.green :


color.red)

table.cell(resultTable, 1, 2, trendUp ? "✅ Yes" : "❌ No", text_color=trendUp ? color.green : color.red)

table.cell(resultTable, 1, 3, rsiAbove70 ? "✅ Yes" : "❌ No", text_color=rsiAbove70 ? color.green :


color.red)

table.cell(resultTable, 1, 4, rsiAbove55 ? "✅ Yes" : "❌ No", text_color=rsiAbove55 ? color.green :


color.red)

table.cell(resultTable, 1, 5, nearHigh ? "✅ Yes" : "❌ No", text_color=nearHigh ? color.green : color.red)

table.cell(resultTable, 1, 6, macdBullish ? "✅ Yes" : "❌ No", text_color=macdBullish ? color.green :


color.red)

table.cell(resultTable, 1, 7, macdAboveZero ? "✅ Yes" : "❌ No", text_color=macdAboveZero ?


color.green : color.red)
// 📢 **Trigger Alerts When a Ticker Qualifies**

alertcondition(valid, title="Ticker Screener Alert", message="🚀 This Ticker meets all trend, volume,
momentum, and MACD conditions!")

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