Clean CPR v2.0

7 hari lalu

Clean CPR v2.0 – Multi-Timeframe CPR & Bias Dashboard

Author: jsm
// modified from "CPR (Central Pivot Range)" script by ajithcpas and Simple CPR by finallynitin

1. Overview
Clean CPR v2.0 is an intraday + swing CPR toolkit designed to keep the chart visually clean while still giving a full “context dashboard” on the right side.

The script combines:

• Classic / Fibonacci / Camarilla CPR with multi-timeframe options
  
• Previous-session CPR & zones
  
• Developing CPR + Dev R1 / Dev S1
  
• Initial Balance & custom session ranges
  
• A sentiment dashboard (Monthly / Weekly / Daily CPR)
  
• CPR width & CPR-type classification with emojis
  
• A >21-EMA “status pill”
  
• Optional Moving Averages and a Day-Open Anchored VWAP
  

2. Main CPR Engine

• What it plots (depending on your inputs):
  
• Central Pivot Range (CPR): BC, TC, PP
  
• Pivot SR levels (R1–R5 / S1–S5)
  
• Choice of Traditional, Fibonacci, Classic, Camarilla formulas
  
• Ability to hide CPR-based SR (for a very clean look)
  
• Multi-timeframe CPR source (Daily, Weekly, Monthly, Quarterly, Half-yearly, Yearly, or Auto)
  

Extras:

• Historical SR pivots (optional)
  
• Adjustable number of CPRs to look back
  
• Label side (Left / Right) and line width controls
  

3. Previous Session Structure

• Optional plotting of the previous session’s structure:
  
• Previous High / Previous Low
  
• Previous CPR (PH / PL zones)
  
• Shaded zones between: PH ↔ R1, PL ↔ S1
  
• Clean labels with prices on the right, aligned to the current day
  

This gives a quick view of “yesterday’s battle zone” relative to today’s price.

4. Developing CPR & Dev R1 / Dev S1

• For intraday traders, the script includes a Developing CPR module:
  
• Dev CPR band for the current session
  
• Optional Dev R1 and Dev S1 levels
  

Implementation details:

• Only the latest Dev CPR / Dev R1 / Dev S1 labels are kept on screen – old labels are cleaned up so you don’t get a vertical stack as time moves.
  
• Option to extend developing CPR lines further into the session.
  

5. Initial Balance (IB) & Custom Ranges
The script can show:

• Initial Balance high/low (first X minutes)
  
• IB extension lines and range
  
• Additional user-defined custom session windows
  

This is useful for breakout / range traders around the opening range.

6. >21 EMA Status Box
On the right side you can enable a compact >21EMA info box:

• Uses Daily 21 EMA (requested via security() so it’s consistent across intraday timeframes).
  
• A dot + label show the relationship between close and 21 EMA:
  

7. Dashboard – Monthly / Weekly / Daily CPR Context
A compact dashboard table appears on the right (position & size configurable).

7.1 Location vs CPR (M / W / D)
For each timeframe:
It classifies the close as Above / Inside / Below its CPR band.

7.2 Sentiment Header – “Trust the Bulls / Bears / Patience”
The dashboard header follows Daily CPR location:

• If Daily is above its CPR → header: “Trust the Bulls” (green background)
  
• If Daily is below its CPR → header: “Trust the Bears” (red background)
  
• If Daily is inside its CPR → header: “Have Patience” (neutral grey)
  

8. CPR Width & CPR Type (with Emojis)
8.1 CPR Width – Daily
Daily CPR width (% of price) is classified as:

• 🎯 Super Narrow
  
• 📏 Narrow
  
• ➖ Medium
  
• 📐 Wide
  

Useful for identifying potential trend / expansion days vs balanced sessions.

8.2 CPR Type – 3-day Structure
Based on the last three daily CPRs, the script categorises CPR structure as:

• Ascending – 3-day rising CPR
  
• Descending – 3-day falling CPR
  
• Inside – today’s CPR within yesterday’s
  
• Outside – today’s CPR outside yesterday’s
  
• Asc Rev – bullish reversal pattern
  
• Desc Rev – bearish reversal pattern
  
• Overlapping – messy / overlapping CPRs
  

9. Moving Averages (MA 1–5)
Optional Moving Average panel Up to 5 MAs, each configurable:
Type: SMA, EMA, SMMA (RMA), WMA, VWMA

10. Day-Open Anchored VWAP
Optional Day-Open VWAP module. Resets VWAP at each new trading day’s open.
This is helpful for intraday mean-reversion and VWAP-based trade locations.

11. Recommended Use & Notes

• Best used on indices and liquid futures where CPR, previous session zones and VWAP have strong interaction.
  
• Works on any timeframe; for the full effect, try intraday charts (3-15 min) with:
  
• Dashboard enabled
  
• Daily CPR as the base
  
• Dev CPR + Day-Open VWAP for intraday structure
  
• 21EMA box and one or two MAs for trend confirmation.
  

Disclaimer:
This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Always test on paper / demo and combine with your own analysis and risk management.

7 hari lalu

Nota Keluaran

Alerts

7 hari lalu

Nota Keluaran

Alerts added