OPEN-SOURCE SCRIPT

Futures Momentum Scanner – jyoti

59
//version=5
indicator("Futures Momentum Scanner – Avvu Edition", overlay=false, max_lines_count=500)

//------------------------------
// USER INPUTS
//------------------------------
rsiLen = input.int(14, "RSI Length")
macdFast = input.int(12, "MACD Fast")
macdSlow = input.int(26, "MACD Slow")
macdSignal = input.int(9, "MACD Signal")
stLength = input.int(10, "Supertrend Length")
stMult = input.float(3.0, "Supertrend Multiplier")

//------------------------------
// SUPER TREND
//------------------------------
[supertrend, stDirection] = ta.supertrend(stMult, stLength)
trendUp = stDirection == 1

//------------------------------
// RSI
//------------------------------
rsi = ta.rsi(close, rsiLen)
rsiBull = rsi > 50 and rsi < 65

//------------------------------
// MACD
//------------------------------
[macd, signal, hist] = ta.macd(close, macdFast, macdSlow, macdSignal)
macdBull = macd > signal and macd > 0

//------------------------------
// MOVING AVERAGE TREND
//------------------------------
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
ema200 = ta.ema(close, 200)

trendStack = ema20 > ema50 and ema50 > ema200

//------------------------------
// BREAKOUT LOGIC
//------------------------------
prevHigh = ta.highest(high, 20)
breakout = close > prevHigh

//------------------------------
// FINAL SCANNER LOGIC
//------------------------------
bullishCandidate = trendUp and rsiBull and macdBull and trendStack and breakout

//------------------------------
// TABLE OUTPUT FOR SCANNER FEEL
//------------------------------
var table t = table.new(position.top_right, 1, 1)

if barstate.islast
msg = bullishCandidate ? "✔ BUY Candidate" : "– Not a Setup"
table.cell(t, 0, 0, msg, bgcolor=bullishCandidate ? color.new(color.green, 0) : color.new(color.red, 70))

//------------------------------
// ALERT
//------------------------------
alertcondition(bullishCandidate, title="Scanner Trigger", message="This stock meets Avvu's futures scanner criteria!")

Penafian

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.