OPEN-SOURCE SCRIPT
Rudy Breakout Momentum v2
Rudy Breakout Momentum v2 — 52-week high breakout detection system for large/mid-cap momentum stocks. Identifies breakout entries when price is within 1% of its 52-week high with volume confirmation (1.5x+ average), RSI below 80, and EMA21 above EMA50 trend alignment. Uses composite scoring with weighted factors for proximity to highs, volume surge, trend strength, and momentum. Exits at 80% profit target, 50% stop loss, or when price breaks below EMA21. Designed for: NVDA, AMZN, GOOGL, TSLA, NFLX, CRM, AVGO, AMD, SHOP, SQ.
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.