KshitijMalve2

Kshitij Malve - Minervini Trend Criteria (MTC)

Purpose:

This indicator is designed to assist traders in identifying stocks that potentially meet the bullish Stage 2 trend criteria outlined by renowned stock trader Mark Minervini. It analyzes price movement in relation to moving averages and calculates certain price thresholds to provide visual signals.

Key Features:

Minervini Stage 2 Focus: Specifically targets trend characteristics highlighted in Minervini's trading methodology.
Adjustable Moving Averages: The script includes inputs for 150-day, 200-day, and 50-day moving average lengths, allowing users to customize their analysis.
Visual Trend Criteria: Each core Stage 2 trend condition is plotted below the chart as green or red dots for quick visual assessment.
Stage 2 Uptrend Signal: When all key trend conditions are met, a purple up-arrow appears beneath the price chart.
Alerts: Customizable alerts can be set up to notify the user when all conditions are met, signaling a potential Stage 2 uptrend.

Conditions Evaluated:

Price Position: Current price is above the 50-day, 150-day, and 200-day simple moving averages.
Moving Average Alignment: 50-day MA is above the 150-day MA, which is above the 200-day MA.
Uptrending 200-day MA: The 200-day MA is demonstrating an upward trend over the specified period.
30% Above 52-Week Low: Current price is at least 30% higher than the 52-week low.
Within 25% of 52-Week High: Current price is no more than 25% below the 52-week high.

Important Notes:

This indicator does not directly plot lines for conditions 4 and 5 (52-week high/low comparisons). Consider incorporating these into your chart in some way for full technical analysis in line with the Minervini method.
For additional depth, study Mark Minervini's books to fully understand the context and strategies built around these criteria.

How to Use:

Add the "Kshitij Malve - Minervini Trend Criteria" indicator to a stock chart.
Observe the placement of colored dots below the chart. A series of green dots suggests the stock is within Minervini's Stage 2 criteria.
Look for the purple up-arrow signal for confirmation that all conditions are met.
Customize alerts if you would like real-time signals of potential Stage 2 uptrends.

開源腳本

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。

想在圖表上使用此腳本?