OPEN-SOURCE SCRIPT
Market Leader Scanner v6
Got it 👍 Here’s a clear English explanation of your Market Leader Scanner v6 — focused on how it actually works and how to use it like a pro.
🧠 What This Script Really Is
This is a stock scoring system
👉 designed to identify “Market Leaders” (assets with real trend + momentum + money flow)
🔢 Core Logic (The Heart of the System)
score = trendScore + momentumScore + flowScore + breakScore
👉 Total score ranges from 0 to 4
Score Meaning
4 🔥 True Market Leader
3 👍 Strong candidate
2 ⚠️ Neutral
0–1 ❌ Avoid
🔍 Component Breakdown
1️⃣ Trend (Market Structure)
trendScore = emaFast > emaSlow ? 1 : 0
🧠 Meaning
EMA 50 > EMA 200 = Uptrend
You are trading with the main trend
🎯 Practical Use
👉 Filters out all downtrending assets
👉 Keeps only “healthy structure”
2️⃣ Momentum (Strength)
momentumScore = rsi > 50 ? 1 : 0
🧠 Meaning
RSI > 50 = buyers are in control
🎯 Practical Use
👉 Removes slow / weak movers
👉 Keeps only assets with real push
3️⃣ Money Flow (🔥 Most Important)
flowScore = (delta > deltaMA and delta > 0) ? 1 : 0
🧠 What is Delta?
delta = buyVol - sellVol
👉 Measures buying vs selling pressure inside each candle
📊 How it’s approximated
priceRange = high - low
body = close - open
Green candle → treated as buying pressure
Red candle → treated as selling pressure
🎯 Real Insight
Situation Meaning
Price ↑ but delta weak ❌ Fake move
Price ↑ + delta strong ✅ Real buying
👉 This is what separates retail vs smart money tracking
4️⃣ Break Structure (Expansion Phase)
breakScore = close > ta.highest(close, 20) ? 1 : 0
🧠 Meaning
Price is making a 20-bar high
Entering breakout phase
🎯 Practical Use
👉 You catch the move before expansion accelerates
🔥 When Score = 4
This means:
✅ Trend is up
✅ Momentum is strong
✅ Money is flowing in
✅ Price is breaking out
👉 = True Market Leader
🎯 How to Use It (Pro Workflow)
✅ Step 1: Scan
Look for assets with:
👉 Score ≥ 3
✅ Step 2: Focus
Only trade:
👉 Score = 4
✅ Step 3: Entry (Your style fits this)
Use lower timeframe (4H) to:
Buy pullbacks
Or breakout continuation
⚠️ Important Reality
❗ This is NOT an entry system
It’s a filtering tool (scanner)
👉 It tells you WHAT to trade
👉 Not exactly WHEN to click buy
✅ Best used with:
Your EMA strategy
Price action
Structure + pullback entries
💡 Pro-Level Insight
🔥 Market Truth
Out of 100 stocks:
👉 Only ~5–10 are true leaders
👉 What this script does
👉 Removes noise
👉 Leaves only high-probability assets
🎯 One-Line Summary
❌ Beginners pick random stocks then analyze
✅ Professionals filter first, then trade only the best
🚀 Next Level (If you want)
I can upgrade this into:
📊 Table Scanner (multi-symbol view)
🧠 Ranking system (Top 10 leaders)
⚡ Full system (Scanner + Entry + Signals)
🧠 What This Script Really Is
This is a stock scoring system
👉 designed to identify “Market Leaders” (assets with real trend + momentum + money flow)
🔢 Core Logic (The Heart of the System)
score = trendScore + momentumScore + flowScore + breakScore
👉 Total score ranges from 0 to 4
Score Meaning
4 🔥 True Market Leader
3 👍 Strong candidate
2 ⚠️ Neutral
0–1 ❌ Avoid
🔍 Component Breakdown
1️⃣ Trend (Market Structure)
trendScore = emaFast > emaSlow ? 1 : 0
🧠 Meaning
EMA 50 > EMA 200 = Uptrend
You are trading with the main trend
🎯 Practical Use
👉 Filters out all downtrending assets
👉 Keeps only “healthy structure”
2️⃣ Momentum (Strength)
momentumScore = rsi > 50 ? 1 : 0
🧠 Meaning
RSI > 50 = buyers are in control
🎯 Practical Use
👉 Removes slow / weak movers
👉 Keeps only assets with real push
3️⃣ Money Flow (🔥 Most Important)
flowScore = (delta > deltaMA and delta > 0) ? 1 : 0
🧠 What is Delta?
delta = buyVol - sellVol
👉 Measures buying vs selling pressure inside each candle
📊 How it’s approximated
priceRange = high - low
body = close - open
Green candle → treated as buying pressure
Red candle → treated as selling pressure
🎯 Real Insight
Situation Meaning
Price ↑ but delta weak ❌ Fake move
Price ↑ + delta strong ✅ Real buying
👉 This is what separates retail vs smart money tracking
4️⃣ Break Structure (Expansion Phase)
breakScore = close > ta.highest(close, 20) ? 1 : 0
🧠 Meaning
Price is making a 20-bar high
Entering breakout phase
🎯 Practical Use
👉 You catch the move before expansion accelerates
🔥 When Score = 4
This means:
✅ Trend is up
✅ Momentum is strong
✅ Money is flowing in
✅ Price is breaking out
👉 = True Market Leader
🎯 How to Use It (Pro Workflow)
✅ Step 1: Scan
Look for assets with:
👉 Score ≥ 3
✅ Step 2: Focus
Only trade:
👉 Score = 4
✅ Step 3: Entry (Your style fits this)
Use lower timeframe (4H) to:
Buy pullbacks
Or breakout continuation
⚠️ Important Reality
❗ This is NOT an entry system
It’s a filtering tool (scanner)
👉 It tells you WHAT to trade
👉 Not exactly WHEN to click buy
✅ Best used with:
Your EMA strategy
Price action
Structure + pullback entries
💡 Pro-Level Insight
🔥 Market Truth
Out of 100 stocks:
👉 Only ~5–10 are true leaders
👉 What this script does
👉 Removes noise
👉 Leaves only high-probability assets
🎯 One-Line Summary
❌ Beginners pick random stocks then analyze
✅ Professionals filter first, then trade only the best
🚀 Next Level (If you want)
I can upgrade this into:
📊 Table Scanner (multi-symbol view)
🧠 Ranking system (Top 10 leaders)
⚡ Full system (Scanner + Entry + Signals)
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。
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。