Finmagine Trader v1.8.0 — BRS, Relative Strength & Stage Classification
Sharing the v1.8.0 release notes with the VP community. Four new features — all methodology-driven, all free.
Breakout Readiness Score (BRS)
The headline feature. BRS is a 0–100 composite that ranks every Stage 2 stock across five independently weighted signals:
┌───────────────────────────────┬────────┐
│ Signal │ Weight │
├───────────────────────────────┼────────┤
│ Trend Template compliance │ 25 pts │
├───────────────────────────────┼────────┤
│ Relative Strength vs Nifty 50 │ 25 pts │
├───────────────────────────────┼────────┤
│ Proximity to 52-week high │ 20 pts │
├───────────────────────────────┼────────┤
│ Stage classification │ 20 pts │
├───────────────────────────────┼────────┤
│ Breakout Quality indicators │ 10 pts │
└───────────────────────────────┴────────┘
Five tiers:
Elite Breakout (95+) ·
Breakout Ready (85–94) ·
Setup Forming (70–84) ·
Early Stage (55–69) ·
Avoid (<55)
Full BRS methodology: The Breakout Readiness Score: From Scanner to Decision Engine | Finmagine Trader
Stage Classification
Every scan result carries a Stage 1/2/3/4 badge using the complete Minervini moving average hierarchy — close vs SMA50/150/200, slope of 200, 52-week range position. Not just a binary Stage 2 filter.
Relative Strength vs Nifty 50
12-month price performance against Nifty 50, normalized to 0–100 across the entire NSE universe. Stocks that have consistently outperformed rank highest. Replaces gut feel with a precise, comparable number shown on every
scan row.
Trend Template
Minervini’s 8-point filter evaluated for every stock simultaneously. TT ✓ badge = all eight criteria pass. The strictest institutional momentum filter for Indian markets.
Full Trend Template methodology: The Minervini Trend Template: 7-Criteria Structure Quality Check for NSE Stocks | Finmagine Trader
Signals Ribbon on Screener.in
BRS score, Stage badge, and TT status now display inline on company pages the moment you open them — no need to open the Trader popup separately.
Install / update free on Chrome Web Store:
https://chromewebstore.google.com/detail/finmagine-trader/ndkonkooaokgngjhjjefnnkdbmhgekkf
Trader landing page: Finmagine Trader - Free Chrome Extension for Indian Stock Momentum Scanning
Feedback welcome here as always.