sudheeshmohan

CPR, Camarilla & Moving Average

This script is created primarily for Intraday trading but can also be used for short and long term trading. This is a combination of Central Pivot Range ( CPR ), Moving Averages and Camarilla Pivot levels (with inner levels). This helps you to combine the strategies of CPR and Moving Averages to identify the best trading opportunities with greater edge. Central Pivot Range and Camarilla pivots are taken from PivotBoss by Franc Ochoa.

Key features:
# Daily CPR levels
# Weekly CPR levels
# Monthly CPR levels
# Previous Day High and Lows
# Previous Week Highs and Lows
# Previous Month Highs and Lows
# Camarilla Pivots with inner Levels
# CPR Levels for the next Day, Week and Month
# 5 Simple moving averages and 5 Exponential Moving Averages

What separates this script from other scripts with CPR and Moving averages?
# One of the few indicators (if not the only one) which combines the 2 types of Moving Averages, CPR and also Camarilla Pivots .
# CPR Levels for not just the next Day, but for next Week(Weekly CPR ) and Month(Monthly CPR ) also.
# Hide the previous day's levels according to your wish. This is the most unique feature of this indicator. You can set the number of Daily CPR levels you want to load in the chart. This is not just for the Daily CPR but also for the Weekly and Monthly CPR also. This makes the chart less cluttered and prevents the candles from getting buried in the indicators. Please notice how the previous day's CPR levels are hidden in the displayed demo chart on the script page. In the chart, only one trading day's data is shown(by default).
# This script is OPEN SOURCE.

Strategies:
For CPR & Camarilla Strategies for intraday trading and swing trading refer to the book 'Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market' by Franklin O. Ochoa.

Moving averages strategies :
Moving averages can be combined and also used individually for several strategies
* 9 EMA can be used as trailing stop loss for strong moving trends that helps you to catch big moves.
* 20sma can be used not just trailing stop loss but also for taking re-entry to the trend.
* Golden cross - The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside. This indicates a bullish turn in the market. Eg: 50 SMA cuts 200 SMA from below.
* Death Cross - The death cross occurs when the short term moving average crosses the long-term average from above. This indicates a bearish turn in the market. Eg: 50 SMA cuts 200 SMA from above.
* When 20 SMA is above 50 SMA and 20 SMA and 50 SMA are angling up like parallel lines, then it denotes bullish strength. If this happens right after Golden Cross, big moves to the upside can be expected.
* When 20 SMA is below 50 SMA and 20 SMA and 50 SMA are angling down like parallel lines, then it denotes bearish strength. If this happens right after Death Cross, big moves to the downside can be expected.
* When 20SMA and 50 SMA are going flat and crossing each other, then it denotes sideways sentiment.

Moving average strategies are taken from the book 'How to Make Money in Intraday Trading' by Ashwani Gujral. For learning more about how to combine CPR and Moving averages in your trading please refer to this book.









Скрипт с открытым кодом

В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.

Хотите использовать этот скрипт на графике?

Комментарии

thanks
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How can I get this indicator as I'm using free version of tradingview please clear this
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sudheeshmohan mahikiragi007
@mahikiragi007, Just add this to your chart by searching this in the indicator section in your chart.
+1 Ответить
mahikiragi007 sudheeshmohan
@sudheeshmohan, THANKYOU I got it
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Not showing CPR and Camarilla levels..Kindly help..
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sudheeshmohan harshaldamle
@harshaldamle, Please check the Number of Daily CPR to Show you have set. Increase the 'Number of Daily CPR to Show' according to when the last trading day was. If the current day is a trading holiday/(market not yet opened) and the previous day was the last trading day, then you have to set it to 2 or more.
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harshaldamle sudheeshmohan
@sudheeshmohan, Not showing Camarilla levels..Only CPR and it's support resistance is shown...I am interested in TC-P-BC , Camarilla all levels..
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sudheeshmohan harshaldamle
@harshaldamle, Camarilla levels are H1 L1, H2 L2, H3 L3, H4 L4. Please enable camarilla levels in the indicator menu. By default, it is not enabled.
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harshaldamle sudheeshmohan
@sudheeshmohan, Even after enabling not showing
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sudheeshmohan harshaldamle
@harshaldamle, I'll look into that. For me, Camarilla levels show up immediately when I enable them in the indicator menu.
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