OPEN-SOURCE SCRIPT
Minervini Template + Powerplay detector
Minervini Template + PowerPlay Detector
This indicator implements a rule-based Minervini trend template to identify stocks in strong, institutionally supported uptrends, combined with a Power Play momentum detector for explosive leadership moves.
Minervini Model (MM) Rules
The MM dashboard turns GREEN only when all of the following rules are met:
Close ≥ 150-day SMA
Close ≥ 200-day SMA
50-day SMA > 150-day SMA
50-day SMA > 200-day SMA
150-day SMA ≥ 200-day SMA
200-day SMA is rising (current value higher than ~1 month ago)
Close is at least 30% above the 52-week low
Close is within 25% of the 52-week high
Close is not more than 8% below the 50-day SMA
These rules ensure:
Proper long-term trend structure
Institutional accumulation alignment
Strength near highs, not extended weakness
When MM is red, hovering over it shows exactly which rules failed, allowing quick diagnosis of why a stock does not qualify.
POWERPLAY Logic
POWERPLAY highlights rare, high-velocity leadership moves:
Triggers when a stock gains 90% or more within any rolling window of up to 60 trading sessions
Remains active as long as the condition continues to hold
Hover tooltip displays:
Start date of the move
Current date
Total percentage gain so far
This captures fast institutional momentum, even if the move occurs in fewer than 60 sessions.
Dashboard Features
Moveable to any corner of the chart
Adjustable size
Adjustable opacity
Designed for trend followers and momentum traders seeking true market leaders, not short-term noise or late-stage breakouts.
This indicator implements a rule-based Minervini trend template to identify stocks in strong, institutionally supported uptrends, combined with a Power Play momentum detector for explosive leadership moves.
Minervini Model (MM) Rules
The MM dashboard turns GREEN only when all of the following rules are met:
Close ≥ 150-day SMA
Close ≥ 200-day SMA
50-day SMA > 150-day SMA
50-day SMA > 200-day SMA
150-day SMA ≥ 200-day SMA
200-day SMA is rising (current value higher than ~1 month ago)
Close is at least 30% above the 52-week low
Close is within 25% of the 52-week high
Close is not more than 8% below the 50-day SMA
These rules ensure:
Proper long-term trend structure
Institutional accumulation alignment
Strength near highs, not extended weakness
When MM is red, hovering over it shows exactly which rules failed, allowing quick diagnosis of why a stock does not qualify.
POWERPLAY Logic
POWERPLAY highlights rare, high-velocity leadership moves:
Triggers when a stock gains 90% or more within any rolling window of up to 60 trading sessions
Remains active as long as the condition continues to hold
Hover tooltip displays:
Start date of the move
Current date
Total percentage gain so far
This captures fast institutional momentum, even if the move occurs in fewer than 60 sessions.
Dashboard Features
Moveable to any corner of the chart
Adjustable size
Adjustable opacity
Designed for trend followers and momentum traders seeking true market leaders, not short-term noise or late-stage breakouts.
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.