OPEN-SOURCE SCRIPT
Leader Stock Scanner
Leader Stock Scanner, Testing using AI
✅ How it works:
Relative Strength (RS) vs SPY – RS above 80 marks strong leaders.
Trend Alignment – 50 EMA > 150 EMA > 200 EMA and price above all EMAs.
Liquidity Filter – 20-day average volume > 500k.
Price Filter – avoids low-priced microcap traps (< $10).
Output – signals a “triangle up” on chart and can trigger alerts.
✅ How it works:
Relative Strength (RS) vs SPY – RS above 80 marks strong leaders.
Trend Alignment – 50 EMA > 150 EMA > 200 EMA and price above all EMAs.
Liquidity Filter – 20-day average volume > 500k.
Price Filter – avoids low-priced microcap traps (< $10).
Output – signals a “triangle up” on chart and can trigger alerts.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.