OPEN-SOURCE SCRIPT
Actualizado SVRO + 2A Setup Scanner
Step 1 — Your Daily Workflow
Glance at the info table (top right) first — it tells you instantly where each stock stands
You're looking for stocks where a phase is ACTIVE
You can change mods between SVRO(VCP) or Reversal/Pullbacks or Both.
Step 2 — Reading the Background Colors
🔵 Blue tint on chart = SVRO contraction building
The stock had a big prior run, a Purple Dot institutional move, and is now quietly coiling
This is your "put on watchlist and watch daily" signal
Don't enter yet — wait for the green triangle
🟠 Orange tint = 2A pullback in progress
Uptrend is intact, stock is pulling back toward 21 EMA, volume drying up
Same thing — watchlist mode, not entry mode yet
Step 3 — The Green Triangle = Entry Signal
This is the "act now" signal. But check which label it carries:
SVRO ENTRY = Strong Start breakout out of contraction. Enter within first 30 mins of market open
2A-SS = Strong Start bounce off 21 EMA. Same — early morning entry
2A-SV = Stop Volume absorption bar. Enter on next day's open if structure holds
2A-CV = Climax Volume exhaustion. More aggressive — enter same day if market confirms
Step 4 — Stop Loss
The red dashed line on the chart is your stop. It auto-calculates as:
SVRO = 1% below entry
2A = low of the pullback candle
If price closes below it — exit, no argument.
Step 5 — Setting Up Alerts
This is the most powerful part for daily scanning:
Go to Alerts (clock icon) → Create Alert
Under Condition → select "Manas Arora Setups"
You'll see all 12 alert conditions listed
Set "ANY Setup Entry Signal" first — this fires whenever either setup triggers
Then separately set "SVRO Contraction Building" and "2A Pullback Phase Started" — so you get early warning before entry
Set these on every stock in your watchlist. TV Essential allows multiple alerts.
Step 6 — What to Ignore
Green triangle on a stock with no prior uptrend (table shows uptrend % red) → skip
Green triangle but volume not confirming → be cautious
2A-CV signal on a stock that's been falling for weeks → this is the Falling Knife setup, harder to trade, skip it for now
Practical tip to start — load the script on 5-10 stocks you already know well rather than random scanning. The signals will make more intuitive sense on familiar charts first.
Glance at the info table (top right) first — it tells you instantly where each stock stands
You're looking for stocks where a phase is ACTIVE
You can change mods between SVRO(VCP) or Reversal/Pullbacks or Both.
Step 2 — Reading the Background Colors
🔵 Blue tint on chart = SVRO contraction building
The stock had a big prior run, a Purple Dot institutional move, and is now quietly coiling
This is your "put on watchlist and watch daily" signal
Don't enter yet — wait for the green triangle
🟠 Orange tint = 2A pullback in progress
Uptrend is intact, stock is pulling back toward 21 EMA, volume drying up
Same thing — watchlist mode, not entry mode yet
Step 3 — The Green Triangle = Entry Signal
This is the "act now" signal. But check which label it carries:
SVRO ENTRY = Strong Start breakout out of contraction. Enter within first 30 mins of market open
2A-SS = Strong Start bounce off 21 EMA. Same — early morning entry
2A-SV = Stop Volume absorption bar. Enter on next day's open if structure holds
2A-CV = Climax Volume exhaustion. More aggressive — enter same day if market confirms
Step 4 — Stop Loss
The red dashed line on the chart is your stop. It auto-calculates as:
SVRO = 1% below entry
2A = low of the pullback candle
If price closes below it — exit, no argument.
Step 5 — Setting Up Alerts
This is the most powerful part for daily scanning:
Go to Alerts (clock icon) → Create Alert
Under Condition → select "Manas Arora Setups"
You'll see all 12 alert conditions listed
Set "ANY Setup Entry Signal" first — this fires whenever either setup triggers
Then separately set "SVRO Contraction Building" and "2A Pullback Phase Started" — so you get early warning before entry
Set these on every stock in your watchlist. TV Essential allows multiple alerts.
Step 6 — What to Ignore
Green triangle on a stock with no prior uptrend (table shows uptrend % red) → skip
Green triangle but volume not confirming → be cautious
2A-CV signal on a stock that's been falling for weeks → this is the Falling Knife setup, harder to trade, skip it for now
Practical tip to start — load the script on 5-10 stocks you already know well rather than random scanning. The signals will make more intuitive sense on familiar charts first.
Notas de prensa
Edited fine detailsNotas de prensa
Updated info box for better clarityNotas de prensa
Fixed alerts issueNotas de prensa
- Fixed some errors
- Added Insider Bar
- Added Multiple EMA's
Notas de prensa
Added Strong Start and Trend Filter.- Checks if the selected stock is displaying a strong start, defending the recent low and volume improving.
- Checks for EMA trend 20 > 50 > 200
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.