OPEN-SOURCE SCRIPT
Multi-Stock Reversal & Strength Dashboard
**Brahmastra Pro – Multi-Stock Reversal & Strength Dashboard (EMA 252/365 + RS + CPR/VWAP)**
This script is a multi-stock dashboard designed to identify high-probability swing and positional opportunities using a combination of long-term trend, momentum, relative strength, and intraday alignment.
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### 🔍 What This Indicator Does
It scans a custom list of stocks and ranks them based on:
* Trend strength (EMA 252 & EMA 365)
* Momentum (RSI + Volume expansion)
* Relative strength vs NIFTY
* Reversal signals after deep corrections
* Intraday alignment using CPR and VWAP
* Automated Entry, Stop Loss, and Target levels
The result is a compact dashboard that helps you focus only on the strongest candidates instead of scanning charts manually.
---
### 📊 Core Logic
**1. Trend & Reversal Detection**
* EMA 252 → Medium/long-term trend
* EMA 365 → Deep cycle trend
* Reversal signals when price crosses above EMA 252 or bounces near EMA 365
**2. Momentum Confirmation**
* RSI strength (>55)
* Volume above average
* Filters out weak breakouts
**3. Relative Strength (RS)**
* Compares stock performance vs NIFTY
* RS > 1 → outperforming the market
**4. CPR + VWAP Alignment**
* CPR (Central Pivot Range) from previous day
* VWAP for intraday bias
* Bullish setup when price is above both
**5. Scoring System (0–10)**
Each stock is scored based on trend, momentum, and reversal factors:
* 8–10 → Strong trend continuation
* 6–7 → Early reversal candidates
* Below 5 → Weak / avoid
---
### 🎯 Trade Levels (Auto-Generated)
* **Entry** → Current price / breakout confirmation
* **Stop Loss** → ATR-based dynamic level
* **Target** → Risk-reward based projection
This ensures consistent risk management across all trades.
---
### 📈 How to Use
1. Add your preferred stocks in the input section
2. Use on **Daily timeframe** for scanning
3. Confirm entries on **15m / 1H charts**
Focus only on stocks where:
* Score ≥ 7
* RS > 1
* Alignment = YES
* Signal = BUY
These represent the strongest setups.
---
### ⚠️ Important Notes
* This is a decision-support tool, not a standalone trading system
* Works best for swing and positional trading
* VWAP alignment is more effective on intraday timeframes
* Stock list must be updated manually (Pine limitation)
---
### 🚀 Ideal For
* Traders who want a structured watchlist instead of random scanning
* Swing traders looking for early trend reversals
* Traders who combine technical + relative strength analysis
---
This script is designed to simplify decision-making by combining multiple high-value signals into one dashboard. Customize the stock list and parameters based on your strategy.
This script is a multi-stock dashboard designed to identify high-probability swing and positional opportunities using a combination of long-term trend, momentum, relative strength, and intraday alignment.
---
### 🔍 What This Indicator Does
It scans a custom list of stocks and ranks them based on:
* Trend strength (EMA 252 & EMA 365)
* Momentum (RSI + Volume expansion)
* Relative strength vs NIFTY
* Reversal signals after deep corrections
* Intraday alignment using CPR and VWAP
* Automated Entry, Stop Loss, and Target levels
The result is a compact dashboard that helps you focus only on the strongest candidates instead of scanning charts manually.
---
### 📊 Core Logic
**1. Trend & Reversal Detection**
* EMA 252 → Medium/long-term trend
* EMA 365 → Deep cycle trend
* Reversal signals when price crosses above EMA 252 or bounces near EMA 365
**2. Momentum Confirmation**
* RSI strength (>55)
* Volume above average
* Filters out weak breakouts
**3. Relative Strength (RS)**
* Compares stock performance vs NIFTY
* RS > 1 → outperforming the market
**4. CPR + VWAP Alignment**
* CPR (Central Pivot Range) from previous day
* VWAP for intraday bias
* Bullish setup when price is above both
**5. Scoring System (0–10)**
Each stock is scored based on trend, momentum, and reversal factors:
* 8–10 → Strong trend continuation
* 6–7 → Early reversal candidates
* Below 5 → Weak / avoid
---
### 🎯 Trade Levels (Auto-Generated)
* **Entry** → Current price / breakout confirmation
* **Stop Loss** → ATR-based dynamic level
* **Target** → Risk-reward based projection
This ensures consistent risk management across all trades.
---
### 📈 How to Use
1. Add your preferred stocks in the input section
2. Use on **Daily timeframe** for scanning
3. Confirm entries on **15m / 1H charts**
Focus only on stocks where:
* Score ≥ 7
* RS > 1
* Alignment = YES
* Signal = BUY
These represent the strongest setups.
---
### ⚠️ Important Notes
* This is a decision-support tool, not a standalone trading system
* Works best for swing and positional trading
* VWAP alignment is more effective on intraday timeframes
* Stock list must be updated manually (Pine limitation)
---
### 🚀 Ideal For
* Traders who want a structured watchlist instead of random scanning
* Swing traders looking for early trend reversals
* Traders who combine technical + relative strength analysis
---
This script is designed to simplify decision-making by combining multiple high-value signals into one dashboard. Customize the stock list and parameters based on your strategy.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.