OPEN-SOURCE SCRIPT
업데이트됨 MV Detector
Absolutely 👍 Let’s first understand **each part of the current script** properly. Once you understand this, the **pro version** will make much more sense.
Think of the current script as a **Minervini Trend Template filter** — it does **not** find exact buy points yet. It only tells you:
> “This stock is in a strong enough technical trend to study further.”
***
# 1. Moving Averages: 50, 150, 200 DMA
Your script calculates:
```pinescript
sma50 = ta.sma(close, 50)
sma150 = ta.sma(close, 150)
sma200 = ta.sma(close, 200)
```
These are:
* **50 DMA** = short/medium-term trend
* **150 DMA** = intermediate trend
* **200 DMA** = long-term trend
In Minervini’s method, a strong stock usually has:
```text
Price > 50 DMA > 150 DMA > 200 DMA
```
This means the stock is in a **clean uptrend**.
***
# 2. Plotting the Moving Averages
```pinescript
plot(sma50, color=color.blue, linewidth=2)
plot(sma150, color=color.orange, linewidth=2)
plot(sma200, color=color.red, linewidth=2)
```
This simply draws the lines on your chart.
Your visual meaning:
| Line | Meaning |
| ------ | ------- |
| Blue | 50 DMA |
| Orange | 150 DMA |
| Red | 200 DMA |
Ideal Minervini structure:
```text
Blue line above Orange line above Red line
```
That shows strength.
***
# 3. Condition 1: Price Above 150 and 200 DMA
```pinescript
cond1 = close > sma150 and close > sma200
```
This checks whether price is above both:
* 150 DMA
* 200 DMA
Why it matters:
If price is below these, the stock may still be weak or in a downtrend.
Minervini wants stocks already showing strength, not “cheap” stocks.
***
# 4. Condition 2: 150 DMA Above 200 DMA
```pinescript
cond2 = sma150 > sma200
```
This confirms the **intermediate trend is stronger than the long-term trend**.
If 150 DMA is below 200 DMA, the stock may still be recovering.
Good structure:
```text
150 DMA > 200 DMA
```
Bad structure:
```text
150 DMA < 200 DMA
```
***
# 5. Condition 3: 200 DMA Trending Up
```pinescript
cond3 = sma200 > sma200[20]
```
This checks whether the 200 DMA today is higher than it was 20 trading days ago.
In simple terms:
> Is the long-term trend rising?
This is very important because a stock can be above the 200 DMA temporarily, but if the 200 DMA is still falling, the overall structure may not be strong yet.
***
# 6. Condition 4: 50 DMA Above 150 and 200 DMA
```pinescript
cond4 = sma50 > sma150 and sma50 > sma200
```
This confirms short-term momentum is stronger than both intermediate and long-term trends.
Good structure:
```text
50 DMA > 150 DMA > 200 DMA
```
This is one of the most important Minervini-style confirmations.
***
# 7. Condition 5: Price Above 50 DMA
```pinescript
cond5 = close > sma50
```
This means price is currently strong even in the short term.
If price is below 50 DMA, the stock may be correcting or losing momentum.
A strong stock usually stays above or near the 50 DMA during its advance.
***
# 8. Condition 6: Price Within 25% of 52-Week High
```pinescript
hh52 = ta.highest(high, 252)
cond6 = close >= hh52 * 0.75
```
Here:
* `252` means approximately 252 trading days in a year
* `hh52` = highest price in the last 252 trading days
* `hh52 * 0.75` means price should be at least 75% of its 52-week high
Example:
If 52-week high = ₹100
Then:
```text
₹100 × 0.75 = ₹75
```
So the current price must be above ₹75.
Why this matters:
Minervini prefers stocks **near highs**, not stocks lying near lows.
Strong stocks usually stay near their 52-week highs.
***
# 9. Condition 7: Price At Least 30% Above 52-Week Low
```pinescript
ll52 = ta.lowest(low, 252)
cond7 = close >= ll52 * 1.3
```
Here:
* `ll52` = lowest price in the last 252 trading days
* `ll52 * 1.3` means price should be at least 30% above its 52-week low
Example:
If 52-week low = ₹100
Then:
```text
₹100 × 1.3 = ₹130
```
So the current price must be above ₹130.
Why this matters:
A strong stock should have moved meaningfully away from its lows.
***
# 10. Final Trend Template Result
```pinescript
trendTemplate = cond1 and cond2 and cond3 and cond4 and cond5 and cond6 and cond7
```
This is the main decision line.
It says:
> Only if all 7 conditions are true, mark the stock as Minervini Trend Template PASS.
If even one condition fails, no PASS.
So this is strict, which is good.
***
# 11. Green Background
```pinescript
bgcolor(trendTemplate ? color.new(color.green, 85) : na)
```
This visually highlights the chart when the stock passes all rules.
Meaning:
* Green background = stock passes Minervini Trend Template
* No background = stock fails at least one rule
This helps you scan charts faster.
***
# 12. Triangle Signal
```pinescript
plotshape(trendTemplate == true,
location=location.abovebar,
style=shape.triangleup,
color=color.green,
size=size.small)
```
This plots a green triangle above the candle when the stock passes.
Important:
This is **not a buy signal**.
It only means:
> “This stock is technically strong enough to study.”
You still need to check for base, VCP, breakout, volume, risk-reward, etc.
***
# 13. Alert Condition
```pinescript
alertcondition(trendTemplate == true, title="PASS", message="Minervini PASS")
```
This allows TradingView to trigger an alert when a stock passes the condition.
You can use it by:
1. Click **Alert**
2. Select your indicator
3. Choose condition: **PASS**
4. Create alert
But remember: alerts work best when applied to a chart/watchlist, not as a full-market scanner.
***
# What This Script Helps You Do
This script helps you avoid weak stocks.
It filters out:
* Stocks below major moving averages
* Stocks far away from highs
* Stocks near lows
* Stocks with weak long-term trend
* Stocks without proper moving average alignment
So your rule becomes:
```text
No Trend Template PASS = No serious study
```
***
# What This Script Does NOT Do Yet
Your current script does **not** detect:
* VCP pattern
* Tight consolidation
* Breakout level
* Volume dry-up
* Buy point
* Stop-loss
* Relative strength vs Nifty
* Risk/reward
That is why we need a **pro version**.
***
# How to Use Current Script Properly
When a stock shows PASS, then manually check:
## 1. Is it extended?
Avoid buying if price is too far above 50 DMA.
Example:
```text
Price 20–30% above 50 DMA = risky/extended
```
## 2. Is it forming a base?
Look for sideways movement after a strong uptrend.
Good:
```text
Stock rises → pauses → tightens → breaks out
```
Bad:
```text
Stock rises vertically → you chase at top
```
## 3. Is volume drying up during consolidation?
Good base usually has falling volume during pullback.
This means selling pressure is reducing.
## 4. Is breakout volume strong?
Breakout should ideally happen with higher-than-average volume.
***
# Simple Interpretation
| Signal | Meaning | Action |
| ------------------------- | --------------------- | ----------------------------- |
| No PASS | Weak/not ready | Ignore |
| PASS but extended | Strong but risky | Wait |
| PASS + tight base | Good candidate | Watch closely |
| PASS + breakout on volume | Potential trade setup | Consider entry with stop-loss |
***
# What We’ll Add in Pro Version
Now that your base script works, the pro version can add:
## 1. Relative Strength vs Nifty
This checks whether the stock is outperforming Nifty.
Good stocks should beat the index.
***
## 2. Volume Expansion
This checks whether breakout volume is above average.
Example:
```text
Today volume > 1.5 × 50-day average volume
```
***
## 3. Tightness / VCP Logic
This detects whether volatility is reducing.
A basic version can check:
* Recent range is smaller than previous range
* ATR is contracting
* Price is not swinging wildly
***
## 4. Breakout Level
The script can mark recent resistance/high.
Example:
```text
Breakout above 20-day high or base high
```
***
## 5. Buy Signal
Only when:
```text
Trend Template PASS
+ Breakout
+ Volume confirmation
+ Tight base
```
Then it shows a buy signal.
***
## 6. Stop-Loss Suggestion
It can plot:
* Recent swing low
* 50 DMA
* ATR-based stop
***
# Final Understanding
Your current script is a **quality filter**.
The pro version will become a **setup detector**.
Current script:
```text
Is this stock strong?
```
Pro version:
```text
Is this stock strong AND giving a possible entry setup?
```
***
Think of the current script as a **Minervini Trend Template filter** — it does **not** find exact buy points yet. It only tells you:
> “This stock is in a strong enough technical trend to study further.”
***
# 1. Moving Averages: 50, 150, 200 DMA
Your script calculates:
```pinescript
sma50 = ta.sma(close, 50)
sma150 = ta.sma(close, 150)
sma200 = ta.sma(close, 200)
```
These are:
* **50 DMA** = short/medium-term trend
* **150 DMA** = intermediate trend
* **200 DMA** = long-term trend
In Minervini’s method, a strong stock usually has:
```text
Price > 50 DMA > 150 DMA > 200 DMA
```
This means the stock is in a **clean uptrend**.
***
# 2. Plotting the Moving Averages
```pinescript
plot(sma50, color=color.blue, linewidth=2)
plot(sma150, color=color.orange, linewidth=2)
plot(sma200, color=color.red, linewidth=2)
```
This simply draws the lines on your chart.
Your visual meaning:
| Line | Meaning |
| ------ | ------- |
| Blue | 50 DMA |
| Orange | 150 DMA |
| Red | 200 DMA |
Ideal Minervini structure:
```text
Blue line above Orange line above Red line
```
That shows strength.
***
# 3. Condition 1: Price Above 150 and 200 DMA
```pinescript
cond1 = close > sma150 and close > sma200
```
This checks whether price is above both:
* 150 DMA
* 200 DMA
Why it matters:
If price is below these, the stock may still be weak or in a downtrend.
Minervini wants stocks already showing strength, not “cheap” stocks.
***
# 4. Condition 2: 150 DMA Above 200 DMA
```pinescript
cond2 = sma150 > sma200
```
This confirms the **intermediate trend is stronger than the long-term trend**.
If 150 DMA is below 200 DMA, the stock may still be recovering.
Good structure:
```text
150 DMA > 200 DMA
```
Bad structure:
```text
150 DMA < 200 DMA
```
***
# 5. Condition 3: 200 DMA Trending Up
```pinescript
cond3 = sma200 > sma200[20]
```
This checks whether the 200 DMA today is higher than it was 20 trading days ago.
In simple terms:
> Is the long-term trend rising?
This is very important because a stock can be above the 200 DMA temporarily, but if the 200 DMA is still falling, the overall structure may not be strong yet.
***
# 6. Condition 4: 50 DMA Above 150 and 200 DMA
```pinescript
cond4 = sma50 > sma150 and sma50 > sma200
```
This confirms short-term momentum is stronger than both intermediate and long-term trends.
Good structure:
```text
50 DMA > 150 DMA > 200 DMA
```
This is one of the most important Minervini-style confirmations.
***
# 7. Condition 5: Price Above 50 DMA
```pinescript
cond5 = close > sma50
```
This means price is currently strong even in the short term.
If price is below 50 DMA, the stock may be correcting or losing momentum.
A strong stock usually stays above or near the 50 DMA during its advance.
***
# 8. Condition 6: Price Within 25% of 52-Week High
```pinescript
hh52 = ta.highest(high, 252)
cond6 = close >= hh52 * 0.75
```
Here:
* `252` means approximately 252 trading days in a year
* `hh52` = highest price in the last 252 trading days
* `hh52 * 0.75` means price should be at least 75% of its 52-week high
Example:
If 52-week high = ₹100
Then:
```text
₹100 × 0.75 = ₹75
```
So the current price must be above ₹75.
Why this matters:
Minervini prefers stocks **near highs**, not stocks lying near lows.
Strong stocks usually stay near their 52-week highs.
***
# 9. Condition 7: Price At Least 30% Above 52-Week Low
```pinescript
ll52 = ta.lowest(low, 252)
cond7 = close >= ll52 * 1.3
```
Here:
* `ll52` = lowest price in the last 252 trading days
* `ll52 * 1.3` means price should be at least 30% above its 52-week low
Example:
If 52-week low = ₹100
Then:
```text
₹100 × 1.3 = ₹130
```
So the current price must be above ₹130.
Why this matters:
A strong stock should have moved meaningfully away from its lows.
***
# 10. Final Trend Template Result
```pinescript
trendTemplate = cond1 and cond2 and cond3 and cond4 and cond5 and cond6 and cond7
```
This is the main decision line.
It says:
> Only if all 7 conditions are true, mark the stock as Minervini Trend Template PASS.
If even one condition fails, no PASS.
So this is strict, which is good.
***
# 11. Green Background
```pinescript
bgcolor(trendTemplate ? color.new(color.green, 85) : na)
```
This visually highlights the chart when the stock passes all rules.
Meaning:
* Green background = stock passes Minervini Trend Template
* No background = stock fails at least one rule
This helps you scan charts faster.
***
# 12. Triangle Signal
```pinescript
plotshape(trendTemplate == true,
location=location.abovebar,
style=shape.triangleup,
color=color.green,
size=size.small)
```
This plots a green triangle above the candle when the stock passes.
Important:
This is **not a buy signal**.
It only means:
> “This stock is technically strong enough to study.”
You still need to check for base, VCP, breakout, volume, risk-reward, etc.
***
# 13. Alert Condition
```pinescript
alertcondition(trendTemplate == true, title="PASS", message="Minervini PASS")
```
This allows TradingView to trigger an alert when a stock passes the condition.
You can use it by:
1. Click **Alert**
2. Select your indicator
3. Choose condition: **PASS**
4. Create alert
But remember: alerts work best when applied to a chart/watchlist, not as a full-market scanner.
***
# What This Script Helps You Do
This script helps you avoid weak stocks.
It filters out:
* Stocks below major moving averages
* Stocks far away from highs
* Stocks near lows
* Stocks with weak long-term trend
* Stocks without proper moving average alignment
So your rule becomes:
```text
No Trend Template PASS = No serious study
```
***
# What This Script Does NOT Do Yet
Your current script does **not** detect:
* VCP pattern
* Tight consolidation
* Breakout level
* Volume dry-up
* Buy point
* Stop-loss
* Relative strength vs Nifty
* Risk/reward
That is why we need a **pro version**.
***
# How to Use Current Script Properly
When a stock shows PASS, then manually check:
## 1. Is it extended?
Avoid buying if price is too far above 50 DMA.
Example:
```text
Price 20–30% above 50 DMA = risky/extended
```
## 2. Is it forming a base?
Look for sideways movement after a strong uptrend.
Good:
```text
Stock rises → pauses → tightens → breaks out
```
Bad:
```text
Stock rises vertically → you chase at top
```
## 3. Is volume drying up during consolidation?
Good base usually has falling volume during pullback.
This means selling pressure is reducing.
## 4. Is breakout volume strong?
Breakout should ideally happen with higher-than-average volume.
***
# Simple Interpretation
| Signal | Meaning | Action |
| ------------------------- | --------------------- | ----------------------------- |
| No PASS | Weak/not ready | Ignore |
| PASS but extended | Strong but risky | Wait |
| PASS + tight base | Good candidate | Watch closely |
| PASS + breakout on volume | Potential trade setup | Consider entry with stop-loss |
***
# What We’ll Add in Pro Version
Now that your base script works, the pro version can add:
## 1. Relative Strength vs Nifty
This checks whether the stock is outperforming Nifty.
Good stocks should beat the index.
***
## 2. Volume Expansion
This checks whether breakout volume is above average.
Example:
```text
Today volume > 1.5 × 50-day average volume
```
***
## 3. Tightness / VCP Logic
This detects whether volatility is reducing.
A basic version can check:
* Recent range is smaller than previous range
* ATR is contracting
* Price is not swinging wildly
***
## 4. Breakout Level
The script can mark recent resistance/high.
Example:
```text
Breakout above 20-day high or base high
```
***
## 5. Buy Signal
Only when:
```text
Trend Template PASS
+ Breakout
+ Volume confirmation
+ Tight base
```
Then it shows a buy signal.
***
## 6. Stop-Loss Suggestion
It can plot:
* Recent swing low
* 50 DMA
* ATR-based stop
***
# Final Understanding
Your current script is a **quality filter**.
The pro version will become a **setup detector**.
Current script:
```text
Is this stock strong?
```
Pro version:
```text
Is this stock strong AND giving a possible entry setup?
```
***
릴리즈 노트
Mark Minervi 오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.