OPEN-SOURCE SCRIPT
已更新 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?
```
***
發行說明
Mark Minervi 開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。