Mark Minirvini's Trend Template

Mark Minirvini's Trend Template is based on Trend Template Criteria specified by the legendary Trader Mark Minervini.

Prerequisite - Use this Indicator only in Weekly Timeframe.

What does the Indictor do?
1. The indicator checks all the trend following criteria specified by the legendary Trader Mark Minervini in his book "Trade Like a Stock Market Wizard", and sets the background color green when all the trend template criteria are satisfied, that represents the Stock is currently in Stage 2 of its upward journey.
2. It plots 52-Week High Line.
3. Shows %Down from 52-Week High in a label on top of the latest candle.

How to use this Indicator?
1. This indicator can help you quickly find out if the company is already in Stage 2 of growth or now.
2. This indicator quickly identifies when the stock is out of Stage 2 and may move further into Stage 3 or 4.

Please note that this indicator does not generate any BUY or SELL signals.

This indicator can best be used for quickly confirming the Current Stage of the stock and how much down stock currently is wrt 52-week high price.

Settings:
1. By default the 52-Week Low line is disabled, one can switch it back on from Settings.