OPEN-SOURCE SCRIPT

Market Leader Scanner v6

Got it 👍 Here’s a clear English explanation of your Market Leader Scanner v6 — focused on how it actually works and how to use it like a pro.

🧠 What This Script Really Is

This is a stock scoring system
👉 designed to identify “Market Leaders” (assets with real trend + momentum + money flow)

🔢 Core Logic (The Heart of the System)
score = trendScore + momentumScore + flowScore + breakScore

👉 Total score ranges from 0 to 4

Score Meaning
4 🔥 True Market Leader
3 👍 Strong candidate
2 ⚠️ Neutral
0–1 ❌ Avoid
🔍 Component Breakdown
1️⃣ Trend (Market Structure)
trendScore = emaFast > emaSlow ? 1 : 0

🧠 Meaning
EMA 50 > EMA 200 = Uptrend
You are trading with the main trend
🎯 Practical Use

👉 Filters out all downtrending assets
👉 Keeps only “healthy structure”

2️⃣ Momentum (Strength)
momentumScore = rsi > 50 ? 1 : 0

🧠 Meaning
RSI > 50 = buyers are in control
🎯 Practical Use

👉 Removes slow / weak movers
👉 Keeps only assets with real push

3️⃣ Money Flow (🔥 Most Important)
flowScore = (delta > deltaMA and delta > 0) ? 1 : 0

🧠 What is Delta?
delta = buyVol - sellVol

👉 Measures buying vs selling pressure inside each candle

📊 How it’s approximated
priceRange = high - low
body = close - open

Green candle → treated as buying pressure
Red candle → treated as selling pressure
🎯 Real Insight
Situation Meaning
Price ↑ but delta weak ❌ Fake move
Price ↑ + delta strong ✅ Real buying

👉 This is what separates retail vs smart money tracking

4️⃣ Break Structure (Expansion Phase)
breakScore = close > ta.highest(close, 20) ? 1 : 0

🧠 Meaning
Price is making a 20-bar high
Entering breakout phase
🎯 Practical Use

👉 You catch the move before expansion accelerates

🔥 When Score = 4

This means:

✅ Trend is up
✅ Momentum is strong
✅ Money is flowing in
✅ Price is breaking out

👉 = True Market Leader

🎯 How to Use It (Pro Workflow)
✅ Step 1: Scan

Look for assets with:
👉 Score ≥ 3

✅ Step 2: Focus

Only trade:
👉 Score = 4

✅ Step 3: Entry (Your style fits this)

Use lower timeframe (4H) to:

Buy pullbacks
Or breakout continuation
⚠️ Important Reality
❗ This is NOT an entry system

It’s a filtering tool (scanner)

👉 It tells you WHAT to trade
👉 Not exactly WHEN to click buy

✅ Best used with:
Your EMA strategy
Price action
Structure + pullback entries
💡 Pro-Level Insight
🔥 Market Truth

Out of 100 stocks:
👉 Only ~5–10 are true leaders

👉 What this script does

👉 Removes noise
👉 Leaves only high-probability assets

🎯 One-Line Summary

❌ Beginners pick random stocks then analyze
✅ Professionals filter first, then trade only the best

🚀 Next Level (If you want)

I can upgrade this into:

📊 Table Scanner (multi-symbol view)
🧠 Ranking system (Top 10 leaders)
⚡ Full system (Scanner + Entry + Signals)

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

jinpin5811

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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Script open-source

jinpin5811