AL Setup Checklist by Mrinal

// ✅ Check 1: Liquidity Filter
// Ensures average traded value (Volume × Price) for last 100 and 20 days is greater than ₹100 Cr

// ✅ Check 2: Trend Continuity - SMA20 > SMA50 for last 20 bars
// Ensures short-term moving average (20-day) has stayed above mid-term average (50-day) consistently

// ✅ Check 3: Price Above Moving Averages
// Current price should be above SMA50 and also above at least one of SMA100 or SMA200 — sign of strength

// ✅ Check 4: Positive Slope of SMA50
// Slope of SMA50 is upward, indicating a rising mid-term trend

// ✅ Check 5: Volatility Confirmation using NATR


// ✅ Check 6: Spike in Daily ATR compared to multi-day ATRs
// ATR(1) is significantly high vs ATR(5, 20, 50) — detects breakout/spike days

// ✅ Check 7: Strong Close Candle
// Candle closed strongly in the upper portion of its range and is rising compared to previous candle

// ✅ Check 8: PGO (Price Growth Oscillator) Moderation
// Ensures price isn’t too overextended from its 20 and 50 EMA (< 2.5%) — avoids overbought breakouts

// ✅ Check 9: RSI Cooling Period
// RSI(7) on previous candle is less than 60 — indicates the stock is not overheated before breakout