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
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.