Trading Strategy Scanners

A comprehensive collection of automated scanners for identifying high-probability trading setups using technical analysis.

📊 Scanners Included

1. Breakout Scanner - 5000x Trading Strategy

Identifies stocks with explosive breakout potential using 6 key criteria:

• Market Leader (relative strength)
• First Major Breakout (initial break from consolidation)
• New 6-Month Highs (breaking historical resistance)
• Volume Confirmation (2x+ average volume surge)
• Strong Momentum (10%+ daily gains)
• Trend Confirmation (above 200-day MA)

2. GCR Inflection Point Scanner (NEW)

Contrarian trading strategy based on GCR's philosophy: "Most people are wrong at EXTREME situations"

Key signals:

• Sentiment Extremes - RSI/Stochastic overbought/oversold
• Volume Exhaustion - Climactic volume at tops/bottoms
• Price Extremes - Bollinger Band touches
• Divergence Detection - Price vs momentum disagreement
• "Sell the News" - Identifies when narratives peak

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📁 Files Included

Breakout Scanner

• breakout_scanner.pine - TradingView Pine Script indicator
• breakout_scanner_thinkscript.txt - ThinkOrSwim scanner code

GCR Inflection Scanner

• GCR_Strategy_Scanner_TradingView.pine - TradingView Pine Script indicator
• GCR_Strategy_Scanner_ThinkScript.ts - ThinkOrSwim scanner code
• GCR_ThinkScript_Scanner_Queries.txt - Ready-to-use scanner queries

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📊 Platforms Supported

TradingView (Recommended for Crypto)

• ✅ Easy setup with Pine Script
• ✅ Built-in screener functionality
• ✅ Real-time alerts
• ✅ Mobile app support

ThinkOrSwim (Recommended for Stocks)

• ✅ Professional-grade scanning
• ✅ ThinkScript implementation
• ✅ Integration with TD Ameritrade/Schwab
• ✅ Advanced backtesting

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🚀 Quick Start

TradingView Setup

1. Open TradingView chart
2. Click "Pine Editor"
3. Copy/paste desired .pine file
4. Click "Add to Chart"
5. Set up alerts

ThinkOrSwim Setup

1. Open TOS > Scan > Stock Hacker
2. Add Custom Study Filter
3. Paste scan code from .txt or .ts file
4. Save and run scan

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🎯 GCR Strategy Overview

Based on GCR's legendary contrarian trades (shorting DOGE at SNL appearance, LUNA before collapse):

Core Philosophy

1. Reflexivity - Sentiment affects fundamentals, creating feedback loops
2. Contrarian at Extremes - When crowd is euphoric → sell; when fearful → buy
3. "Sell the News" - Catalyst → Frenzy → Inflection Point

Signal Definitions

Signal	Conditions
Bearish Inflection	RSI ≥ 75 + Volume spike + Price at upper BB
Bullish Inflection	RSI ≤ 25 + Volume spike + Price at lower BB
Strong Signal	Above + Divergence + Volume exhaustion

GCR Score Interpretation

Score	Interpretation
+50 to +100	Strong bullish (extreme oversold)
-50 to -100	Strong bearish (extreme overbought)
-25 to +25	Neutral

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📈 Risk Management

Position Sizing:

• Max 5% of portfolio per position
• Max 3 concurrent positions
• Use stop losses on every trade

Entry Rules:

• ✓ Wait for confirmation candle
• ✓ Enter on pullback to key level
• ✗ Don't chase extended moves
• ✗ Don't enter without volume

Exit Rules:

• Take partial profits at targets
• Trail remaining with stop
• Hard stop: -7% to -10% maximum loss

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⚠️ Disclaimer

These scanners are for educational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss. Always:

• Do your own research
• Use proper risk management
• Start with small positions
• Never risk more than you can afford to lose

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📝 License

MIT License - Feel free to use, modify, and distribute.

🌟 Tags

trading stock-scanner crypto-scanner momentum breakout contrarian pinescript thinkscript fintech technical-analysis day-trading swing-trading tradingview thinkorswim

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Built with: TradingView Pine Script v5 | ThinkScript
Strategies: 5000x Breakout Method | GCR Inflection Point
Author: Jermaine Ragsdale
Last Updated: January 2025