41-80 F&O MA Screener

The 41-80 F&O MA Screener indicator provides a comprehensive trend-following toolkit that combines multiple moving averages, RSI, and a multi-symbol dashboard to identify high-probability momentum shifts.

Usage

The tool is designed to identify trend alignment across multiple time-based moving averages. A "Buy" signal is generated when the fastest moving average (MA1) crosses above both the medium-term (MA2) and long-term (MA3) averages, provided the RSI is above 50. Conversely, a "Short" signal appears when MA1 is below both MA2 and MA3 while the RSI is below 50.

Users can monitor these conditions across a custom watchlist using the built-in screener table. This table highlights symbols currently meeting long or short criteria, allowing for efficient multi-asset analysis without switching charts.

Details

The script utilizes a combination of traditional technical indicators and adaptive smoothing techniques:

• Trend Smoothing: Users can toggle between standard OHLC data or Heikin Ashi candles to filter market noise.
• Linear Regression: Optional linear regression smoothing can be applied to price data to create a clearer visual representation of the trend.
• Screener Logic: The indicator scans up to 28 user-defined symbols (pre-set for Indian F&O stocks and Commodities) and updates a real-time dashboard.

Settings

Core Indicators

• MA1/2/3/4: Adjust the period lengths for the four Simple Moving Averages used for trend identification.
• RSI Settings: Define the RSI length and price source (e.g., Close, Open) for momentum filtering.
• ATR Period & Sensitivity: Controls the volatility-based trailing stop logic used for signal generation.

Visual & Dashboard

• Lin Reg: Toggle to enable linear regression smoothing on price.
• Table Theme: Customize the background, frame, text colors, and size of the screener dashboard.
• Table Location: Select where the screener table appears on the chart (e.g., Top Right, Bottom Left).
• Watchlist: Input custom symbols to be monitored by the screener table.

FAQ

How do I interpret the screener table?

The table lists symbols from your watchlist that currently trigger a Buy (Long) or Sell (Short) condition. Green cells indicate bullish momentum, while red cells indicate bearish momentum.

Can I use this for non-F&O stocks?

Yes, while the default watchlist is configured for popular F&O symbols, you can manually change any symbol in the "Watchlist" settings group to any ticker available on TradingView.

How can I access the 41-80 F&O MA Screener?

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