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ASK Screener by Ashpreet
The ASK Indicator is a custom-built breakout and trend continuation system designed for swing traders seeking high-probability entries with strong risk-reward ratios. Built using a combination of moving averages, momentum filters, volume confirmation, and price structure, this indicator helps identify stocks poised for explosive moves.
It uses three key moving averages: the 44-period SMA (medium trend), 20-period DEMA (short-term strength, custom-coded), and 50-period WEMA (institutional trendline). Trades are only triggered when the price is above 50 WEMA, and the 20 DEMA is above the 44 SMA.
Momentum is confirmed using RSI(14) within a healthy zone of 40–60, ensuring the stock is not overbought or oversold. To focus on breakout candidates, the stock must be trading within 10% of its 52-week high, and the weekly candle range must be under 10%, signaling compression before expansion.
A valid ASK Signal occurs when these conditions are met along with a breakout above the previous day’s high and volume exceeding 1.5× the 20-day average. Once triggered, the indicator auto-plots the stop-loss (1× ATR) and two profit targets: 1:2 (TP1) and 1:4 (TP2).
Additionally, the system detects a narrow range setup, where the last 3 daily candles are inside the previous 3-day range — a powerful consolidation signal. Alerts for both ASK entries and narrow ranges are included.
This system is ideal for positional and short-term swing traders who want to combine structure, momentum, and volume in one powerful tool.
It uses three key moving averages: the 44-period SMA (medium trend), 20-period DEMA (short-term strength, custom-coded), and 50-period WEMA (institutional trendline). Trades are only triggered when the price is above 50 WEMA, and the 20 DEMA is above the 44 SMA.
Momentum is confirmed using RSI(14) within a healthy zone of 40–60, ensuring the stock is not overbought or oversold. To focus on breakout candidates, the stock must be trading within 10% of its 52-week high, and the weekly candle range must be under 10%, signaling compression before expansion.
A valid ASK Signal occurs when these conditions are met along with a breakout above the previous day’s high and volume exceeding 1.5× the 20-day average. Once triggered, the indicator auto-plots the stop-loss (1× ATR) and two profit targets: 1:2 (TP1) and 1:4 (TP2).
Additionally, the system detects a narrow range setup, where the last 3 daily candles are inside the previous 3-day range — a powerful consolidation signal. Alerts for both ASK entries and narrow ranges are included.
This system is ideal for positional and short-term swing traders who want to combine structure, momentum, and volume in one powerful tool.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.