trend Screener List1

The trend Screener List1 indicator is a multi-asset monitoring tool designed to track the trend status of up to 40 custom-defined symbols simultaneously based on Exponential Moving Average (EMA) alignment. This tool allows traders to quickly identify which assets in a bulk list are currently experiencing established bullish or bearish trends according to specific technical criteria.

Usage

This tool is used to monitor a predefined list of symbols (defaulting to Indian NSE stocks) to see if they meet specific trend conditions. The screener displays a table on the chart indicating whether a stock is in an "UPTREND" or "DOWNTREND".

A stock is flagged as being in an Uptrend when:

• EMA 55 > EMA 144
• EMA 144 > EMA 388
• EMA 388 > EMA 576
• Current Close > EMA 388

A stock is flagged as being in a Downtrend when:

• EMA 55 < EMA 144
• EMA 144 < EMA 388
• EMA 388 < EMA 576
• Current Close < EMA 388

Traders can use this to filter large baskets of stocks for those showing high-probability trend alignment. While one instance handles 40 stocks, multiple instances can be added to the chart to screen 80, 120, or more assets at once.

Details

The script utilizes the request.security() function to fetch data for 40 different symbols. It executes a custom function on each symbol to calculate four distinct EMAs (55, 144, 388, and 576). The trend logic is based on the "fan-out" or "stacking" of these EMAs, which often signifies a strong, mature trend. By checking the current price against the 388 EMA, it ensures the trend has not significantly mean-reverted before flagging.

Settings

• Input timeframe for the screener: Defines the resolution (e.g., Daily, 4H, 1H) on which the EMA conditions are calculated, regardless of the current chart timeframe.
• Symbol 01 - 40: Allows the user to input the specific tickers they wish to monitor. By default, these are populated with various NSE symbols.

FAQ

How do I change the stocks being monitored?

You can navigate to the indicator settings and modify the "Symbol" fields (S01 through S40) to any ticker available on TradingView.

Can I monitor more than 40 stocks?

Yes, you can apply the indicator to your chart multiple times. Each instance can be configured with a different set of 40 symbols, allowing you to monitor 80, 120, or more stocks simultaneously.

How can I access trend Screener List1?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.