LevelUp^ Power Trend Screener

30 thg 12, 2024

Screen for symbols in a Power Trend using the Pine Screener. This screener supports all equity types from stocks to ETFs to crypto.

When a Power Trend is active, there is a stronger than usual uptrend underway. The concept of a Power Trend was created by Investor's Business Daily to mimic the trading style of IBD's Founder and legendary trader, William O'Neil.

🔹 What Starts A Power Trend?
✓ Low is above the 21-day EMA for at least 10 days.
✓ 21-day EMA is above the 50-day SMA for at least five days.
✓ 50-day SMA is in an uptrend.
✓ Close up for the day.

🔹 What Ends A Power Trend?
✓ 21-day EMA crosses under 50-day SMA.
✓ Close 10% below recent high and below the 50-day SMA.

🔹 Screening Features - Setting Your Search Criteria
There are various search options that can be customized to meet your preferences.



▪ In A Power Trend
To cast the widest net, select only this option and all stocks in a Power Trend will be returned.

▪ Power Trend Started
This option will search for symbols that began a Power Trend on the most recent daily bar.

▪ Power Trend Ended
This option will search for symbols where there was an active Power Trend, however, it ended on the most recent daily bar.

▪ Days In A Power Trend
This option can be helpful if you would like to find stocks that recently entered a Power Trend, for example, stocks that have been in a Power Trend for less than 5 days. Another use would be to search for stocks where the Power Trend has been active for a longer period of time, for instance, over 50 days.

▪ 1 Week % Change
With this option you can search for stocks that are up/down a specific percentage over the past week. For example, search for stocks in a Power Trend that are up 5% or more in the past week.

▪ 1 Month % Change
Similar to the above, narrow the search to percent changes based on monthly data. For example, return stocks in a Power Trend that are down 10% or more in the past month.

▪ Limit Symbol Types
If you have a watchlist that has multiple symbol types, for example stocks and crypto, you can set this option to limit the search to one or more symbol types. You can configure this option by clicking the drop-down to the right of the indicator name and selecting Settings.

🔹 Installation And Usage
▪ Mark this indicator as a Favorite.
▪ Use the Pine Screener to search for Power Trends.
▪ Save the search results to a watchlist.
▪ View the watchlist in TradingView.

🔹 Power Trend Indicator
This screener is designed to be used along with the Power Trend indicator to view Power Trends on your chart.

🔹 Important Notes
▪ This indicator is for screening, there is no visible output on the chart.
▪ Once you mark this screener as a Favorite, you can remove it from your chart.
▪ The Power Trend concept as defined by Investor's Business Daily is based on moving averages on the daily timeframe. Given this requirement, this screener is also limited to searching the same timeframe.