diff --git a/scripts/powerline-release.py b/scripts/powerline-release.py
new file mode 100755
index 00000000..0aa3ca30
--- /dev/null
+++ b/scripts/powerline-release.py
@@ -0,0 +1,73 @@
+#!/usr/bin/env python
+# vim:fileencoding=utf-8:noet
+from __future__ import (unicode_literals, division, absolute_import, print_function)
+
+import argparse
+import codecs
+import os
+
+from subprocess import check_output, check_call
+
+
+def parse_version(s):
+	if s == ('+' * len(s)):
+		try:
+			last_version = next(iter(sorted([
+				tuple(map(int, tag[len('release-'):].split('.')))
+				for tag in check_output(['git', 'tag', '-l', 'release-*']).split('\n')[:-1]
+			], reverse=True)))
+		except StopIteration:
+			raise ValueError('No existing versions found')
+
+		version = []
+		for i in range(len(s) - 1):
+			try:
+				version.append(last_version[i])
+			except IndexError:
+				version.append(0)
+
+		try:
+			version.append(last_version[len(s) - 1] + 1)
+		except IndexError:
+			version.append(1)
+
+		if len(version) == 1:
+			version.append(0)
+
+		return tuple(version)
+	else:
+		return tuple(map(int, s.split('.')))
+
+
+p = argparse.ArgumentParser(description='Powerline release script')
+p.add_argument('-v', '--version', type=parse_version, metavar='VERSION', help='Use given version for the release. If version contains only `+\' signs then it will increase latest version number: one `+\' increases major version number (e.g. 1.2.3 -> 2.0), `++\' increases minor version number (e.g. 1.2.3 -> 1.3), `+++\' increases patch level (e.g. 1.2.3 -> 1.2.4). Defaults to `+++\'', default='+++')
+p.add_argument('-r', '--rev', metavar='COMMIT', help='Use given revision for the release. Defaults to `develop\'.', default='develop')
+
+
+def create_release(version, rev):
+	version_string = '.'.join((str(v) for v in version))
+	check_call(['git', 'checkout', 'master'])
+	check_call(['git', 'merge', '--no-ff', '--no-commit', '--log', rev])
+
+	with codecs.open('.setup.py.new', 'w', encoding='utf-8') as NS:
+		with codecs.open('setup.py', 'r', encoding='utf-8') as OS:
+			for line in OS:
+				if line.startswith('\tversion='):
+					line = '\tversion=\'' + version_string + '\',\n'
+				elif 'Development Status' in line:
+					line = '\t\t\'Development Status :: 5 - Production/Stable\',\n'
+				NS.write(line)
+
+	os.unlink('setup.py')
+	os.rename('.setup.py.new', 'setup.py')
+	check_call(['git', 'add', 'setup.py'])
+
+	check_call(['git', 'commit'])
+	check_call(['git', 'tag', '-m', 'Release ' + version_string, '-a', 'release-' + version_string])
+	check_call(['python', 'setup.py', 'sdist', 'upload'])
+	check_call(['python', 'setup.py', 'upload_docs'])
+
+
+if __name__ == '__main__':
+	args = p.parse_args()
+	create_release(args.version, args.rev)