Breakout Scanner Checklist for Swing Trades

📈 EOD Breakout Scanner Checklist Overview
This indicator combines Mark Minervini's legendary Trend Template criteria with additional breakout detection enhancements, specifically optimized for end-of-day (EOD) scanning and Qullamaggie-style momentum trading.
Perfect for swing traders who scan stocks after market close and execute breakout entries on the first 5-minute candle after market open.

🎯 Core Features
1. Complete Minervini Trend Template (8 Criteria)
Implements all 7 rules from Mark Minervini's trend template methodology:
- Price above 150 & 200 day EMAs (long-term uptrend)
- EMA(150) above EMA(200) (trend alignment)
- EMA(200) trending up for at least 1 month (sustained trend)
- EMA(50) above both 150 & 200 EMAs (intermediate strength)
- Current price above EMA(50) (short-term momentum)
- Price at least 25% above 52-week low (sufficient rally)
- Price within 25% of 52-week high (near strength)
- (additional) Price within 10% above EMA(10) (not overextended)


2. Enhanced Breakout Detection (Toggle On/Off)
Three powerful enhancements that can be individually enabled:

Stage Analysis - Identifies stocks in Weinstein Stage 2 (advancing phase)
- Confirms proper EMA alignment
- Validates upward slope of 200 EMA
- Filters out late-stage or declining trends

Volatility Squeeze - Detects "coiled spring" setups
- ATR compression (recent volatility < 80% of average)
- Bollinger Band squeeze detection
- Identifies tight consolidations before explosive moves

Price Action Quality - Measures clean accumulation
- Up/down day ratio (prefers >1.2 ratio)
- Controlled price range (< 20% over 20 days)
- Filters erratic, whipsaw price action


3. Dual Table System
Main Table - Focus on what matters
- Shows only enabled enhanced criteria
- 🚀 BREAKOUT SIGNAL - Clear YES/NO verdict
- Clean visual hierarchy

Support Table (Optional) - Deep dive analysis
- All 8 Minervini criteria with status
- Can be toggled on/off for cleaner charts
- Perfect for understanding why a signal triggered


🔧 How To Use
For EOD Scanning:
- Run this indicator on your stock universe after market close
- Look for stocks showing 🚀 BREAKOUT SIGNAL = YES for quick scan or use the support table to reach more details for deep down analysis
- Add the stocks falls with your criteria to your watchlist for the next trading day

For Intraday Execution:
- At market open, watch your watchlist from EOD scan
- Identify the pivot point (recent resistance high, possible PDH)
- Wait for price to break above pivot on first 5-min candle
- Confirm with volume
- Enter if both price + volume confirm breakout

Note on Volume:
This indicator intentionally does NOT include volume confirmation in the signal, as it's designed for EOD scanning. You should manually verify volume when the actual breakout occurs at market open.

🎨 Visual Features
- EMA(10) Zone: Purple shaded area showing 10% zone above EMA(10)
- 52-Week High/Low Lines: Orange reference lines (toggleable)
- Modern Dark Theme: Low-contrast, professional design easy on the eyes
- Clean Status Indicators: ✓ for pass, ✗ for fail


⚙️ Customizable Settings
Display Options:
- Toggle 52-week high/low lines
- Toggle EMA(10) +10% zone
- Adjust lookback periods

Enhanced Detection:
- Enable/disable Stage Analysis
- Enable/disable Volatility Squeeze
- Enable/disable Price Action Quality

Panel Settings:
- Position tables (top/middle/bottom, left/center/right)
- Show/hide Minervini criteria support table


📚 Best For
✅ Swing traders looking for momentum breakouts
✅ Traders using EOD scanning + intraday execution
✅ Minervini/O'Neil CANSLIM methodology followers
✅ Qullamaggie-style breakout traders
✅ Anyone seeking high-probability setups with institutional backing


💡 Trading Strategy Context
This indicator is based on proven methodologies:
- Mark Minervini: SEPA (Specific Entry Point Analysis) and Trend Template
- Kristjan Qullamaggie: Momentum breakouts with volume confirmation
- Stan Weinstein: Stage Analysis for market cycle timing

Combined, these create a powerful framework for identifying stocks with:
- Strong institutional sponsorship
- Proper trend structure
- Tight consolidation (coiled energy)
- Clean accumulation patterns
- High probability of continuation


⚠️ Disclaimer
This indicator is a screening and analysis tool, not a trading system. It helps identify potential setups but does not provide entry/exit signals. Always:
- Verify volume at actual breakout
- Use proper position sizing
- Set stop losses
- Manage risk appropriately
- Do your own due diligence

Past performance does not guarantee future results.


📖 Credits
Based on Mark Minervini's Trend Template methodology and enhanced with modern breakout detection techniques. Original code/influence by yogy.frestarahmawan.


Happy Trading! 🚀
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