The 8-Factor Composite Screener evaluates equities across fundamental and technical criteria, including valuation ratios, earnings and revenue growth, 12-month return momentum, proximity to 52-week highs, Stage 2 moving average alignment, benchmark relative strength, and ATR volatility contraction patterns.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Designed for multi-factor stock screening in a separate indicator pane, the script allows customization of growth targets, valuation caps, moving average lengths, and volatility thresholds. Note that financial metrics rely on fundamental data availability for the selected instrument.
8-factor fundamental and technical composite screening
Valuation filtering using P/E and P/B ratios
Stage 2 moving average trend verification
Relative strength comparison against a benchmark symbol
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Max P/E (TTM)
float
25.0
peMax
Max P/B
float
3.0
pbMax
Min EPS growth % YoY
float
15.0
minEpsGrowth
Min revenue growth % YoY
float
10.0
minRevGrowth
Min 12-month return %
float
15.0
minReturn
Max distance below 52W high (%)
float
-10.0
maxFromHigh
30-week MA (daily bars)
int
150
longMa
10-week MA (daily bars)
int
50
shortMaInput
Benchmark
symbol
NSE:NIFTY
benchmark
RS lookback (bars)
int
126
rsLookback
Min relative return %
float
0.0
minRs
ATR length
int
14
shortAtr
Show all 16 settings
Setting
Type
Default
Variable
Contraction lookback (bars)
int
60
vcpLookback
Max range contraction (ATR now/prev)
float
0.60
maxContraction
Max volume ratio (now/prev)
float
0.75
maxVolRatio
Swing window (bars)
int
30
swingLen
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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