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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.