OPEN-SOURCE SCRIPT
Ross Cameron 5 Pillars Filter
First, I am not Ross Cameron. This indicator is based on his five pillars of stock selection.
ROSS CAMERON 5 PILLARS MOMENTUM FILTER
🎯 OVERVIEW
This indicator automatically checks if the current symbol meets Ross Cameron's famous "5 Pillars" stock selection criteria from Warrior Trading - a proven methodology for identifying high-probability momentum day trading setups.
📊 ROSS CAMERON'S 5 PILLARS
1️⃣ RELATIVE VOLUME ≥5x (Automated ✅)
• Compares current volume to 30-day average
• Minimum 5x confirms institutional/retail interest
• High RVol = high liquidity and momentum potential
2️⃣ DAILY % CHANGE ≥10% (Automated ✅)
• Stock must already be showing momentum
• Default threshold: 10% up from previous close
• Confirms demand is already present
3️⃣ NEWS CATALYST (Manual Check ⚠️)
• Breaking news justifies the price movement
• Look for: earnings, FDA approvals, partnerships, contracts
• 🔥 icon flags stocks with ≥15% momentum (likely news-driven)
4️⃣ PRICE RANGE $1-$20 (Automated ✅)
• Sweet spot for retail trader momentum
• Highly volatile small-cap stocks
• Accessible price range for position building
5️⃣ FLOAT <10 MILLION SHARES (Automated ✅)
• Low float creates supply/demand imbalances
• Enables explosive 50-100%+ intraday moves
• Automatically checked when data available
• Shows actual float with ✅/❌ indicator
🚀 KEY FEATURES
✅ GREEN BACKGROUND HIGHLIGHT
• Visual alert when ALL automated criteria are met
• Instantly identify potential setups while scanning watchlist
📋 DETAILED BREAKDOWN TABLE
• Shows pass/fail status for each pillar
• Displays actual values (RVol, %, Float, etc.)
• Color-coded for quick interpretation
🔥 STRONG MOMENTUM INDICATOR
• Highlights stocks ≥15% (likely have news catalyst)
• Helps prioritize which stocks to research first
🔔 BUILT-IN ALERTS
• "Ross Cameron Criteria Met" - All automated criteria pass
• "Strong Momentum Alert" - Stock showing explosive movement
⚙️ FULLY CUSTOMIZABLE
• Adjust all thresholds to your trading style
• Configurable table position and display
• Toggle volume spike filter on/off
💡 HOW TO USE
BEST WORKFLOW:
1. Build a watchlist of small-cap stocks using TradingView's Stock Screener
2. Add this indicator to your charts
3. Flip through your watchlist - look for GREEN BACKGROUNDS
4. Check the table for detailed breakdown of each pillar
5. VERIFY NEWS CATALYST (required for Pillar 3)
6. If float shows N/A, verify manually on Finviz
7. Execute your trading plan with proper risk management
OPTIMAL TIMING:
• Pre-Market (8:00-9:30 AM ET) - Identify gap-up candidates
• Morning Session (9:30 AM-12:00 PM ET) - Prime momentum window
• Avoid lunch hour (12:00-2:00 PM ET) - Low volume, choppy
ALERT SETUP:
1. Click "Create Alert" on your chart
2. Select "Ross Cameron Criteria Met" condition
3. Get notified when new setups appear real-time
⚙️ CUSTOMIZABLE SETTINGS
PILLAR 1 - RELATIVE VOLUME:
• Min RVol: 5.0x (Ross's minimum, increase for more selective)
• RVol Period: 30 days (industry standard)
PILLAR 2 - MOMENTUM:
• Min Daily %: 10% (increase to 15% for stronger setups)
PILLAR 3 - CATALYST:
• Strong Momentum %: 15% (threshold for 🔥 indicator)
PILLAR 4 - PRICE RANGE:
• Min Price: $1.00 (adjust based on account size)
• Max Price: $20.00 (Ross's sweet spot)
PILLAR 5 - FLOAT:
• Max Float: 10M shares (ultra-aggressive traders use 5M)
ADDITIONAL FILTERS:
• Volume Spike: 2x (Warrior Trading standard)
• Confirms intraday momentum continuation
📈 INTERPRETATION GUIDE
✅ GREEN BACKGROUND = GO!
• All automated criteria are met
• Check news catalyst before trading
• Verify setup on chart (not overextended)
• Follow your risk management plan
❌ NO GREEN BACKGROUND = WAIT
• At least one criterion failed
• Check table to see which pillar(s) failed
• May become valid later if momentum increases
🔥 FLAME ICON = HIGH PRIORITY
• Stock showing very strong momentum (≥15%)
• Likely has significant news catalyst
• Research news IMMEDIATELY
• Often the best setups of the day
⚠️ N/A FOR FLOAT = MANUAL CHECK
• TradingView doesn't have float data for this symbol
• Verify on Finviz.com or similar
• If float >10M, setup is invalid per Ross's criteria
📚 RECOMMENDED STRATEGIES
GAP AND GO:
• Stock gaps up 10%+ on news
• Enters above gap high with volume
• Targets: 20-50% gains
VWAP BOUNCE:
• Pullback to VWAP support
• Enters on bounce with volume confirmation
• Tight stop below VWAP
HIGH OF DAY BREAKOUT:
• New HOD with volume surge
• Momentum continuation play
• Trail stop as it runs
ABCD PATTERN:
• Classic reversal pattern
• Enters on D-point breakout
• Target: A-B distance from C
⚠️ RISK WARNINGS
• DAY TRADING IS HIGHLY RISKY - Most day traders lose money
• This indicator finds setups - YOUR EXECUTION determines success
• Always use proper risk management (1-2% risk per trade)
• Never trade without stop losses
• Paper trade extensively before using real money
• Past performance does not guarantee future results
🔧 TECHNICAL DETAILS
• Pine Script v6
• Works on any timeframe (calculates daily metrics automatically)
• Compatible with TradingView Free, Pro, Premium
• No repainting - all calculations based on confirmed data
• Efficient code - minimal lag
📊 DATA SOURCES
• Relative Volume: Calculated from 30-day volume average
• Daily %: Previous day's close vs current price
• Float: TradingView's shares_outstanding_float data
• Volume Spike: 20-period volume moving average
🎯 WHO THIS IS FOR
IDEAL FOR:
✅ Day traders focused on momentum strategies
✅ Traders who follow Ross Cameron/Warrior Trading methodology
✅ Small-cap stock traders ($1-$20 range)
✅ Scalpers and swing traders seeking high-volatility setups
NOT IDEAL FOR:
❌ Long-term investors
❌ Large-cap stock traders
❌ Options-only traders
❌ Traders who don't monitor news catalysts
💬 USAGE TIPS
1. COMBINE WITH OTHER TOOLS
• Use alongside your charting/technical analysis
• Verify pattern setups (bull flags, ABCD, etc.)
• Check Level 2 / Time & Sales for confirmation
2. MAINTAIN A WATCHLIST
• Update daily with fresh small-cap movers
• Use Finviz Gap Scanner as starting point
• Focus on sectors with momentum
3. RISK MANAGEMENT IS KEY
• Never risk more than 1-2% per trade
• Use 2:1 minimum profit/loss ratio
• Cut losses quickly, let winners run
• Position size based on volatility (ATR)
4. TRACK YOUR RESULTS
• Keep a trading journal
• Note which setups work best for you
• Refine criteria based on your data
• Continuous improvement mindset
📝 DISCLAIMER
This indicator is for EDUCATIONAL PURPOSES ONLY. It is not investment advice, a recommendation to buy/sell securities, or a guarantee of profits. Trading involves substantial risk of loss. Always:
• Conduct your own research and due diligence
• Consult with a licensed financial advisor
• Never risk money you cannot afford to lose
• Understand that most day traders lose money
• Practice in a simulator before trading real money
The creator of this indicator is not affiliated with Ross Cameron or Warrior Trading. This is an independent implementation of publicly available trading methodology.
📈 SUPPORT & FEEDBACK
If you find this indicator helpful, please:
• Give it a thumbs up 👍
• Leave a comment with your experience
• Share with other momentum traders
• Follow for updates and new indicators
For questions or suggestions, leave a comment below!
---
🏆 HAPPY TRADING! Remember: The indicator finds opportunities, but YOUR discipline, risk management, and execution determine your success.
#DayTrading #Momentum #RossCameron #WarriorTrading #SmallCaps #GapAndGo #Scalping #StockScreener
ROSS CAMERON 5 PILLARS MOMENTUM FILTER
🎯 OVERVIEW
This indicator automatically checks if the current symbol meets Ross Cameron's famous "5 Pillars" stock selection criteria from Warrior Trading - a proven methodology for identifying high-probability momentum day trading setups.
📊 ROSS CAMERON'S 5 PILLARS
1️⃣ RELATIVE VOLUME ≥5x (Automated ✅)
• Compares current volume to 30-day average
• Minimum 5x confirms institutional/retail interest
• High RVol = high liquidity and momentum potential
2️⃣ DAILY % CHANGE ≥10% (Automated ✅)
• Stock must already be showing momentum
• Default threshold: 10% up from previous close
• Confirms demand is already present
3️⃣ NEWS CATALYST (Manual Check ⚠️)
• Breaking news justifies the price movement
• Look for: earnings, FDA approvals, partnerships, contracts
• 🔥 icon flags stocks with ≥15% momentum (likely news-driven)
4️⃣ PRICE RANGE $1-$20 (Automated ✅)
• Sweet spot for retail trader momentum
• Highly volatile small-cap stocks
• Accessible price range for position building
5️⃣ FLOAT <10 MILLION SHARES (Automated ✅)
• Low float creates supply/demand imbalances
• Enables explosive 50-100%+ intraday moves
• Automatically checked when data available
• Shows actual float with ✅/❌ indicator
🚀 KEY FEATURES
✅ GREEN BACKGROUND HIGHLIGHT
• Visual alert when ALL automated criteria are met
• Instantly identify potential setups while scanning watchlist
📋 DETAILED BREAKDOWN TABLE
• Shows pass/fail status for each pillar
• Displays actual values (RVol, %, Float, etc.)
• Color-coded for quick interpretation
🔥 STRONG MOMENTUM INDICATOR
• Highlights stocks ≥15% (likely have news catalyst)
• Helps prioritize which stocks to research first
🔔 BUILT-IN ALERTS
• "Ross Cameron Criteria Met" - All automated criteria pass
• "Strong Momentum Alert" - Stock showing explosive movement
⚙️ FULLY CUSTOMIZABLE
• Adjust all thresholds to your trading style
• Configurable table position and display
• Toggle volume spike filter on/off
💡 HOW TO USE
BEST WORKFLOW:
1. Build a watchlist of small-cap stocks using TradingView's Stock Screener
2. Add this indicator to your charts
3. Flip through your watchlist - look for GREEN BACKGROUNDS
4. Check the table for detailed breakdown of each pillar
5. VERIFY NEWS CATALYST (required for Pillar 3)
6. If float shows N/A, verify manually on Finviz
7. Execute your trading plan with proper risk management
OPTIMAL TIMING:
• Pre-Market (8:00-9:30 AM ET) - Identify gap-up candidates
• Morning Session (9:30 AM-12:00 PM ET) - Prime momentum window
• Avoid lunch hour (12:00-2:00 PM ET) - Low volume, choppy
ALERT SETUP:
1. Click "Create Alert" on your chart
2. Select "Ross Cameron Criteria Met" condition
3. Get notified when new setups appear real-time
⚙️ CUSTOMIZABLE SETTINGS
PILLAR 1 - RELATIVE VOLUME:
• Min RVol: 5.0x (Ross's minimum, increase for more selective)
• RVol Period: 30 days (industry standard)
PILLAR 2 - MOMENTUM:
• Min Daily %: 10% (increase to 15% for stronger setups)
PILLAR 3 - CATALYST:
• Strong Momentum %: 15% (threshold for 🔥 indicator)
PILLAR 4 - PRICE RANGE:
• Min Price: $1.00 (adjust based on account size)
• Max Price: $20.00 (Ross's sweet spot)
PILLAR 5 - FLOAT:
• Max Float: 10M shares (ultra-aggressive traders use 5M)
ADDITIONAL FILTERS:
• Volume Spike: 2x (Warrior Trading standard)
• Confirms intraday momentum continuation
📈 INTERPRETATION GUIDE
✅ GREEN BACKGROUND = GO!
• All automated criteria are met
• Check news catalyst before trading
• Verify setup on chart (not overextended)
• Follow your risk management plan
❌ NO GREEN BACKGROUND = WAIT
• At least one criterion failed
• Check table to see which pillar(s) failed
• May become valid later if momentum increases
🔥 FLAME ICON = HIGH PRIORITY
• Stock showing very strong momentum (≥15%)
• Likely has significant news catalyst
• Research news IMMEDIATELY
• Often the best setups of the day
⚠️ N/A FOR FLOAT = MANUAL CHECK
• TradingView doesn't have float data for this symbol
• Verify on Finviz.com or similar
• If float >10M, setup is invalid per Ross's criteria
📚 RECOMMENDED STRATEGIES
GAP AND GO:
• Stock gaps up 10%+ on news
• Enters above gap high with volume
• Targets: 20-50% gains
VWAP BOUNCE:
• Pullback to VWAP support
• Enters on bounce with volume confirmation
• Tight stop below VWAP
HIGH OF DAY BREAKOUT:
• New HOD with volume surge
• Momentum continuation play
• Trail stop as it runs
ABCD PATTERN:
• Classic reversal pattern
• Enters on D-point breakout
• Target: A-B distance from C
⚠️ RISK WARNINGS
• DAY TRADING IS HIGHLY RISKY - Most day traders lose money
• This indicator finds setups - YOUR EXECUTION determines success
• Always use proper risk management (1-2% risk per trade)
• Never trade without stop losses
• Paper trade extensively before using real money
• Past performance does not guarantee future results
🔧 TECHNICAL DETAILS
• Pine Script v6
• Works on any timeframe (calculates daily metrics automatically)
• Compatible with TradingView Free, Pro, Premium
• No repainting - all calculations based on confirmed data
• Efficient code - minimal lag
📊 DATA SOURCES
• Relative Volume: Calculated from 30-day volume average
• Daily %: Previous day's close vs current price
• Float: TradingView's shares_outstanding_float data
• Volume Spike: 20-period volume moving average
🎯 WHO THIS IS FOR
IDEAL FOR:
✅ Day traders focused on momentum strategies
✅ Traders who follow Ross Cameron/Warrior Trading methodology
✅ Small-cap stock traders ($1-$20 range)
✅ Scalpers and swing traders seeking high-volatility setups
NOT IDEAL FOR:
❌ Long-term investors
❌ Large-cap stock traders
❌ Options-only traders
❌ Traders who don't monitor news catalysts
💬 USAGE TIPS
1. COMBINE WITH OTHER TOOLS
• Use alongside your charting/technical analysis
• Verify pattern setups (bull flags, ABCD, etc.)
• Check Level 2 / Time & Sales for confirmation
2. MAINTAIN A WATCHLIST
• Update daily with fresh small-cap movers
• Use Finviz Gap Scanner as starting point
• Focus on sectors with momentum
3. RISK MANAGEMENT IS KEY
• Never risk more than 1-2% per trade
• Use 2:1 minimum profit/loss ratio
• Cut losses quickly, let winners run
• Position size based on volatility (ATR)
4. TRACK YOUR RESULTS
• Keep a trading journal
• Note which setups work best for you
• Refine criteria based on your data
• Continuous improvement mindset
📝 DISCLAIMER
This indicator is for EDUCATIONAL PURPOSES ONLY. It is not investment advice, a recommendation to buy/sell securities, or a guarantee of profits. Trading involves substantial risk of loss. Always:
• Conduct your own research and due diligence
• Consult with a licensed financial advisor
• Never risk money you cannot afford to lose
• Understand that most day traders lose money
• Practice in a simulator before trading real money
The creator of this indicator is not affiliated with Ross Cameron or Warrior Trading. This is an independent implementation of publicly available trading methodology.
📈 SUPPORT & FEEDBACK
If you find this indicator helpful, please:
• Give it a thumbs up 👍
• Leave a comment with your experience
• Share with other momentum traders
• Follow for updates and new indicators
For questions or suggestions, leave a comment below!
---
🏆 HAPPY TRADING! Remember: The indicator finds opportunities, but YOUR discipline, risk management, and execution determine your success.
#DayTrading #Momentum #RossCameron #WarriorTrading #SmallCaps #GapAndGo #Scalping #StockScreener
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Dr. Trader MD PhD
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Dr. Trader MD PhD
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.