OPEN-SOURCE SCRIPT
Mashrab | Momentum X-Ray
Stop guessing if a stock is a "Leader" or a "Laggard." The Mashrab Momentum X-Ray is a professional Heads-Up Display (HUD) that tells you the true strength of any stock in seconds.
Designed for serious swing traders and breakout specialists (similar to the styles of Qullamagie, Mark Minervini, and IBD), this tool ignores the noise and focuses on the only things that matter: Relative Strength, Volume Fuel, and Fundamental Health.
🚀 Key Features (What it does)
1. The "Smart" Relative Strength Engine
Most indicators blindly compare every stock to the S&P 500. This dashboard is smarter.
It automatically scans the stock’s Industry (e.g., Semiconductors, Gold Miners, Regional Banks).
It compares the stock’s performance against its specific peers (e.g., NVDA vs. SMH ETF) and the market benchmark (SPY).
Green Signal: The stock is beating both the market and its sector. This is a "True Leader."
2. IBD-Style RS Rating (1-99 Scale)
Get the "Secret Sauce" of institutional screening directly on your chart.
Calculates a weighted performance score: 40% (Last 3 Months) + 20% (6m, 9m, 12m).
The Scale:
90–99 (Lime Green): Elite Super-Stock.
80–89 (Green): Strong Leader / Breakout Candidate.
< 50 (Red): Laggard / Avoid.
3. Momentum "Fuel" Gauge (RVol)
Price moving up is good. Price moving up on massive volume is better.
The RVol (Relative Volume) row lights up Yellow or Purple when volume is 1.5x to 3x higher than normal. This detects "Institutional Buying" footprints.
4. "Blue Sky" Detector
Instantly see how close the price is to its 52-Week High.
Stocks within 5% of their highs (Green) have no "overhead supply" (bag holders) and can run the fastest.
👀 How to Read the Dashboard
Top Table (Tactical Momentum)
RS vs SPY / Sector: Look for DOUBLE GREEN. This means the stock is the "King of the Hill."
RVol: Look for > 1.5x (Yellow). This means big players are entering the trade.
Bottom Table (Strategic Context)
IBD RS Rating: Look for a score of 80 or higher.
ADR (20): Shows the "Average Daily Range" volatility. (e.g., 4.5% means the stock moves ~4.5% a day). Use this to size your position correctly!
Industry: Tells you exactly which ETF is being used for comparison (e.g., "Semiconductors (SMH)").
⚙️ Settings & Customization
Benchmark: Change the default SPY to QQQ (for Tech), IWM (for Small Caps), or BTCUSD (for Crypto) to fit your strategy.
Lookback: Defaults to 26 Bars (Standard Monthly Momentum), but fully adjustable.
Text Size: Make the tables larger or smaller to fit your screen.
"Trade the Leaders, Ignore the Laggards."
Designed for serious swing traders and breakout specialists (similar to the styles of Qullamagie, Mark Minervini, and IBD), this tool ignores the noise and focuses on the only things that matter: Relative Strength, Volume Fuel, and Fundamental Health.
🚀 Key Features (What it does)
1. The "Smart" Relative Strength Engine
Most indicators blindly compare every stock to the S&P 500. This dashboard is smarter.
It automatically scans the stock’s Industry (e.g., Semiconductors, Gold Miners, Regional Banks).
It compares the stock’s performance against its specific peers (e.g., NVDA vs. SMH ETF) and the market benchmark (SPY).
Green Signal: The stock is beating both the market and its sector. This is a "True Leader."
2. IBD-Style RS Rating (1-99 Scale)
Get the "Secret Sauce" of institutional screening directly on your chart.
Calculates a weighted performance score: 40% (Last 3 Months) + 20% (6m, 9m, 12m).
The Scale:
90–99 (Lime Green): Elite Super-Stock.
80–89 (Green): Strong Leader / Breakout Candidate.
< 50 (Red): Laggard / Avoid.
3. Momentum "Fuel" Gauge (RVol)
Price moving up is good. Price moving up on massive volume is better.
The RVol (Relative Volume) row lights up Yellow or Purple when volume is 1.5x to 3x higher than normal. This detects "Institutional Buying" footprints.
4. "Blue Sky" Detector
Instantly see how close the price is to its 52-Week High.
Stocks within 5% of their highs (Green) have no "overhead supply" (bag holders) and can run the fastest.
👀 How to Read the Dashboard
Top Table (Tactical Momentum)
RS vs SPY / Sector: Look for DOUBLE GREEN. This means the stock is the "King of the Hill."
RVol: Look for > 1.5x (Yellow). This means big players are entering the trade.
Bottom Table (Strategic Context)
IBD RS Rating: Look for a score of 80 or higher.
ADR (20): Shows the "Average Daily Range" volatility. (e.g., 4.5% means the stock moves ~4.5% a day). Use this to size your position correctly!
Industry: Tells you exactly which ETF is being used for comparison (e.g., "Semiconductors (SMH)").
⚙️ Settings & Customization
Benchmark: Change the default SPY to QQQ (for Tech), IWM (for Small Caps), or BTCUSD (for Crypto) to fit your strategy.
Lookback: Defaults to 26 Bars (Standard Monthly Momentum), but fully adjustable.
Text Size: Make the tables larger or smaller to fit your screen.
"Trade the Leaders, Ignore the Laggards."
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。