OPEN-SOURCE SCRIPT

AI Oversold Swing - Screener

//version=5
indicator("AI Oversold Swing - Screener", overlay=false)

// ─────────────────────────
// USER INPUTS
// ─────────────────────────
maxPrice = input.float(75.0, "Max Price ($)")
rsiLen = input.int(14, "RSI Length")
rsiOversold = input.float(35.0, "RSI Oversold Level")

bbLen = input.int(20, "BB Length")
bbMult = input.float(2.0, "BB StdDev")

supportLen = input.int(20, "Support Lookback (days)")
nearSupportPct = input.float(1.5, "Near Support %")
undercutPct = input.float(0.5, "Allowed Undercut %")

atrLen = input.int(14, "ATR Length")
maxATRfromSup = input.float(1.0, "Max ATR From Support")

minDollarVol = input.float(75000000.0, "Min Dollar Volume", step=1000000)

requireTrigger = input.bool(false, "Require Reversal Trigger")

// ─────────────────────────
// DAILY DATA (screener uses indicator outputs)
// ─────────────────────────
dClose = request.security(syminfo.tickerid, "D", close)
dLow = request.security(syminfo.tickerid, "D", low)
dVol = request.security(syminfo.tickerid, "D", volume)
dPrevC = request.security(syminfo.tickerid, "D", close[1])

// ─────────────────────────
// INDICATORS
// ─────────────────────────
rsi = ta.rsi(dClose, rsiLen)

basis = ta.sma(dClose, bbLen)
dev = bbMult * ta.stdev(dClose, bbLen)
bbLow = basis - dev

atr = request.security(syminfo.tickerid, "D", ta.atr(atrLen))

support = ta.lowest(dLow, supportLen)

distPct = support > 0 ? (dClose - support) / support * 100.0 : na
distATR = atr > 0 ? (dClose - support) / atr : na

dollarVol = dClose * dVol

// ─────────────────────────
// CONDITIONS
// ─────────────────────────
priceOK = dClose > 0 and dClose <= maxPrice
liqOK = dollarVol >= minDollarVol

oversold = (rsi <= rsiOversold) and (dClose <= bbLow)

nearSup =
support > 0 and
dClose <= support * (1 + nearSupportPct / 100.0) and
dClose >= support * (1 - undercutPct / 100.0) and
distATR <= maxATRfromSup

setup = priceOK and liqOK and oversold and nearSup

// Optional reversal confirmation
rsiReversal = ta.crossover(rsi, rsiOversold)
greenCandle = dClose > dPrevC
trigger = rsiReversal or greenCandle

signal = requireTrigger ? (setup and trigger) : setup

// ─────────────────────────
// SCREENER OUTPUTS
// ─────────────────────────
plot(signal ? 1 : 0, title="Signal (1 = YES)")
plot(rsi, title="RSI (Daily)")
plot(distPct, title="Dist to Support % (Daily)")
plot(distATR, title="Dist to Support ATR (Daily)")
plot(dollarVol, title="Dollar Volume (Daily)")

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

reconranger227

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Open-source script

reconranger227