OPEN-SOURCE SCRIPT
Pro Breakout + Minervini Scanner
📊 Pro Breakout + Minervini Scanner
A powerful multi-factor stock scanning indicator designed to identify high-probability breakout setups and strong momentum stocks before major price moves.
This indicator combines trend structure, momentum, volume confirmation, and breakout detection into a single scoring system (0–5) to help traders filter low-quality setups and focus only on actionable opportunities.
🔍 Key Features
Minervini Trend Filter
Identifies strong institutional-grade uptrends using a full moving average alignment (50/150/200 MA).
Breakout Detection
Detects new 20-day highs and early breakout formations before major expansion moves.
Momentum Analysis
Uses RSI and MACD confirmation to validate strength and reduce false signals.
Volume Confirmation
Filters setups using volume spikes relative to the 20-day average for institutional participation signals.
Scoring System (0–5)
Each condition contributes to a unified strength score:
5 = High-quality breakout setup
4 = Strong setup
3 = Watchlist candidate
≤2 = Ignore
🚨 Alerts Included
Strong Setup Alert (high-probability breakout conditions)
Breakout + Volume Spike Alert (early momentum detection)
🎯 Ideal For
Swing traders
Momentum traders
Breakout traders
Traders following trend-following strategies (Minervini-style)
⚠️ Disclaimer
This indicator is designed for educational and informational purposes only and does not guarantee trading performance. Always use proper risk management.
A powerful multi-factor stock scanning indicator designed to identify high-probability breakout setups and strong momentum stocks before major price moves.
This indicator combines trend structure, momentum, volume confirmation, and breakout detection into a single scoring system (0–5) to help traders filter low-quality setups and focus only on actionable opportunities.
🔍 Key Features
Minervini Trend Filter
Identifies strong institutional-grade uptrends using a full moving average alignment (50/150/200 MA).
Breakout Detection
Detects new 20-day highs and early breakout formations before major expansion moves.
Momentum Analysis
Uses RSI and MACD confirmation to validate strength and reduce false signals.
Volume Confirmation
Filters setups using volume spikes relative to the 20-day average for institutional participation signals.
Scoring System (0–5)
Each condition contributes to a unified strength score:
5 = High-quality breakout setup
4 = Strong setup
3 = Watchlist candidate
≤2 = Ignore
🚨 Alerts Included
Strong Setup Alert (high-probability breakout conditions)
Breakout + Volume Spike Alert (early momentum detection)
🎯 Ideal For
Swing traders
Momentum traders
Breakout traders
Traders following trend-following strategies (Minervini-style)
⚠️ Disclaimer
This indicator is designed for educational and informational purposes only and does not guarantee trading performance. Always use proper risk management.
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.