Built a free scanner + TradingView indicator for Kris's setups (Breakout / EP / Parabolic) — open source, feedback welcome
Hey all — long-time lurker here, been trading Kris's setups for a while and kept wishing I had something that could scan the whole market for Breakout/EP/Parabolic candidates instead of eyeballing charts one at a time. So I built one.
I've been running it myself for a while now, testing it against real setups as they come up, and honestly pretty happy with how it's turned out — figured I'd share it here in case it's useful to anyone else too.
What it actually does:
It's two pieces that work together:
1. A Python scanner that runs through a liquid universe of ~1,200 US stocks, scores every one of them 0-100 on each setup (Breakout, Episodic Pivot, Parabolic Short, Parabolic Long), and spits out a dashboard you can open in your browser. Sorts everything by score, so you're not digging through a spreadsheet.
It also has a position-sizing calculator built into the dashboard (risk %, account size, ADR-based stop distance → shares to buy), since that's usually the next question after "is this a good setup."
2. A TradingView Pine Script indicator that does the same 0-100 scoring right on the chart, plus a breakdown of why it scored that way — like the 2LYNCH checklist for Breakouts, or the exact gap%/volume/prior-extension numbers behind an EP signal. There are also visual boxes marking the consolidation window, trend linearity, and parabolic extension, so you're not just trusting a number blindly.
Pine chart with the status table visible on the right side with SETUP! tier score and breakdown
A few things worth knowing up front:
- This is my own interpretation/adaptation of Kris's publicly stated rules — not an official tool, not affiliated with him in any way. I tried to stay close to what he's actually said (EMA10/EMA20, the ~consolidation tightness stuff, etc.) but any scoring weights are my own judgment calls, not gospel.
- Not financial advice, obviously — it's a screening tool to help you find candidates faster, not a signal to blindly buy.
- Deliberately kept everything on free resources so anyone can actually run it — the scanner works off a free-tier data source (or yfinance, no key needed at all), and the indicator's just copy-paste into Pine Editor, no TradingView subscription required. Didn't want to build something and then gate it behind paid stuff most people wouldn't bother with.
- It's free and open source (MIT license) — grab it, use it, modify it, whatever. Link's below.
- If it's useful to you, there's a Ko-fi link in the repo, totally optional.
Link: https://github.com/axidzz/Qullamaggie-Setups
Would genuinely appreciate feedback if anyone tries it out — especially if you spot something that doesn't match Kris's methodology the way you understand it, since I'd rather fix it than have it quietly be wrong for people. Happy to answer questions in the comments too.