Mark Minervini's Trend TemplateThe Mark Minervini Trend Template Indicator is a powerful tool designed to identify potential trends in the stock market.
Based on the renowned trading methodology developed by Mark Minervini, this indicator incorporates several key criteria to assist traders in making informed decisions.
The indicator checks the following criteria:
- Price above 50-day Moving Average (50MA):
The indicator confirms if the current price is trading above the 50-day moving average, indicating potential bullish momentum.
- Price above 150-day Moving Average (150MA):
The indicator verifies if the current price is above the 150-day moving average, suggesting a sustained upward trend.
Price above 200-day Moving Average (200MA): The indicator ensures that the current price remains higher than the 200-day moving average, indicating a strong bullish bias in the market.
- 50-day Moving Average (50MA) greater than 150-day Moving Average (150MA):
This criterion compares the 50-day moving average with the 150-day moving average and confirms if the shorter-term average is higher, signifying increasing short-term strength.
- 50-day Moving Average (50MA) greater than 200-day Moving Average (200MA):
This criterion compares the 50-day moving average with the 200-day moving average and validates if the shorter-term average is higher, indicating a potential bullish trend.
- 150-day Moving Average (150MA) greater than 200-day Moving Average (200MA):
This criterion compares the 150-day moving average with the 200-day moving average and confirms if the intermediate-term average is higher, suggesting a strengthening bullish trend.
- 200-day Moving Average (200MA) in Uptrend:
The indicator analyzes the slope of the 200-day moving average to determine if it is ascending, indicating a sustained bullish trend.
- Price within 25% of 52-week High:
The indicator assesses if the current price is trading within 25% of its 52-week high, potentially indicating a strong upward momentum and bullish sentiment.
- Price at least 25% above 52-week Low:
The indicator verifies if the current price is trading at least 25% above its 52-week low, suggesting resilience and potential bullish strength.
*Also, when you hover over the table cells, it shows the tooltip.
*By incorporating these criteria into your TradingView charts, the Mark Minervini Trend Template Indicator can help you identify potential bullish trends, enabling you to make more informed trading decisions.
*Please note that this indicator should be used to support your analysis and combined with additional technical and fundamental analysis for a comprehensive trading strategy.
***Disclaimer:
The Mark Minervini Trend Template is intended for informational and educational purposes only.
Trading involves risk, and you should consult with a financial advisor or conduct your research before engaging in any trading activities.
Add it to your favourites and start using it right away!
Markminvervini
[TTI] Minervini MonAlert Pro––––HISTORY & CREDITS 🏦
This indicator, Minervini MonAlert, is an updated version of the October 2022 Minervini MonAlert ( ).
Special thanks to Michael Walstedt @MichaelWalstedt for his valuable contributions to make this happen. The script is inspired by the stealth platform functionality, MonAlert, by Mark Minervini, the legendary trader and market wizard. The acronym MonAlert stands for Monitor and Alert.
––––WHAT IT DOES 💡
The Minervini MonAlert indicator is designed for traders who want to have "Minervini-like" eyes on technical setups for confirmation and violations. It helps to monitor and alert users about various technical setups, painting on the chart the things that Mark Minervini looks for pre and post buy to confirm or violate the trade. The indicator includes 58 daily and weekly indicators, covering various aspects of technical analysis that show confirming or violating action.
––––FUNCTIONALITIES
Label Plots
At each bar you can see how many confirmations and violations have triggered. The indicator prints a label with the sum of the total number of confirmations in green and violations in red. These can be turned on and off, so that only confirmations or violations are plotted.
🚨When you hover with the mouse over the labels, you can see exactly which indicators have triggered! Example of the functionality is shown on the chart with the picture in black outline.
Summary Label
You can turn on a label on the right hand side to show the total sum of the confirmations and violations. If violations are more than confirmations the label will color accordingly. The period for which the calculations are made is customizable in the settings.
Background Coloring
The background of the chart can be colored if it is turned on in settings.
👉Option 1 is to color the period which the indicator analyses
👉Option 2 is to color according to the recent balance (sum) between violations and confirmations. 🟩Green background means that there are more confirmations and 🟥Red means there are more violations. 🟨Orange means confirmations and violations are the same number
Bars only
If you add another instance of the indicator and move it to a new pane you can trigger the Additional Charts funcationalities and see the a histogram of bars. These can be set with 3 settings:
👉Net: Showing the net between the number of violations and confirmations
👉Confirmations only: Showing only the number of confirmations
👉Violations only: Showing only the number of violations.
––––CALCULATIONS
Some indicators are both confirming and violating, others are only violating or only confirming. Hence the total number of signals are 58.
// Indicator 1 - Lower Lows and Higher Highs: Looks at consecutive lower lows and higher highs based on thresholds suggested by Mark
// Indicator 2 - Looks for days with significant price advancement
// Indicator 3 - Good and Bad closes: Looks at how the stock is closing compared to its intraday range
// Indicator 4 - Analyzes the price action around the 50-day simple moving average
// Indicator 5 - Stock Under Pressure: Looks whether the stock is under technical pressure as per IBD methodology.
// Indicator 6 - Up days and Down days looks wether the stock has been mostly going up or down
// Indicator 7 - Studies the largest volume days and their directio
// Indicator 8 - Detects wether there is an Outside Day
// Indicator 9 - Identifies relative strength new highs and new lows
// Indicator 10 - Monitors for potential reversals in price trends
// Indicator 11 - Detects for pattern called "Megaphone" that signifies increases in volatility
// Indicator 12 - There is a famous rule of William O'Neil about stock making 20% advancement
// Indicator 13 - ANTS Confirmation - a pattern coined by David Ryan, that looks for both consecutive advancement and volume
// Indicator 14 - Angle D - an technical pattern coinded by Mark Minervini, that looks at the price direction vs the direction of the 50D SMA
// Indicator 15 - 17 Closes around key moving averages
// Indicator 18 / 19 Observes stock closing prices at high or low points
// Indicatro 19 - Detects significant reversals in stock price trends that are backed by significant volume
// Indicator 20 - Identifies stocks that decline with a substantial volume increase.
// Indicator 21 - Issues a warning for stocks that may be overextended, compared to its own price action
// Indicator 22 - Highlights days with a narrower price range than the previous day
// Indicator 23 - 24 Detects the largest down days accompanied by high trading volume.
// Indicator 25 -Pinpoints stocks that rise with a substantial volume increase (e.g. +30%)
// Indicator 26 - 30 Studies weekly price trends, analyses significant weekly declines on high trading volume and examines for the largest percentage price decline.
––––HOW TO USE IT 🔧
To use the Minervini MonAlert indicator, follow these steps:
1️⃣ Apply the indicator to your chart by searching for " Minervini MonAlert" in the TradingView indicators section. The script is 'invite-only'.
2️⃣ Customize the indicator's settings to suit your trading style and preferences.
3️⃣ Observe the various technical setups and alerts generated by the indicator on your chart.
4️⃣ Use the outputs of the technical setups as confirmation signals or violations to help make informed trading decisions. A stock that is gathering a lot of violating action before or after a breakout is a lower probabiltiy setup.
5️⃣ Combine the Minervini MonAlert indicator with other technical analysis tools or methods for a more comprehensive trading strategy.
Remember that the Minervini MonAlert indicator should be used as a supplement to your existing trading strategy and not as a standalone tool. Always consider other factors, such as fundamental analysis and risk management, to make well-rounded trading decisions.
