OPEN-SOURCE SCRIPT
Berg M
Main Features
Moving Averages
The script displays important moving averages to help identify the stock’s trend, trend alignment, and potential areas of support or resistance.
Relative Strength
Relative strength helps compare the stock’s performance against the broader market, allowing traders to identify names that are outperforming or underperforming.
Volume Analysis
The volume component helps highlight unusual activity and confirms whether a price move is supported by strong institutional participation or increased market interest.
How I Use It
This script is mainly intended for stock traders looking for momentum setups, especially when a stock is:
Trending above key moving averages
Showing relative strength versus the market
Breaking out or moving with increased volume
Building constructive bases or continuation patterns
The goal is not to predict price movements, but to make it easier to quickly evaluate whether a stock has the technical characteristics of a strong momentum candidate.
Best Used For
Stocks
Swing trading
Momentum trading
Breakout setups
Trend-following analysis
Market leadership identification
Moving Averages
The script displays important moving averages to help identify the stock’s trend, trend alignment, and potential areas of support or resistance.
Relative Strength
Relative strength helps compare the stock’s performance against the broader market, allowing traders to identify names that are outperforming or underperforming.
Volume Analysis
The volume component helps highlight unusual activity and confirms whether a price move is supported by strong institutional participation or increased market interest.
How I Use It
This script is mainly intended for stock traders looking for momentum setups, especially when a stock is:
Trending above key moving averages
Showing relative strength versus the market
Breaking out or moving with increased volume
Building constructive bases or continuation patterns
The goal is not to predict price movements, but to make it easier to quickly evaluate whether a stock has the technical characteristics of a strong momentum candidate.
Best Used For
Stocks
Swing trading
Momentum trading
Breakout setups
Trend-following analysis
Market leadership identification
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.