PROTECTED SOURCE SCRIPT
CPR AB
Pivots are extremely powerful price based support and resistance levels that are calculated using a prior period's high, low and close. Camarilla Pivots are a set of 8 intraday support/resistance levels developed by Nick Scott (1989). They help traders forecast intraday reversals, breakouts, and trend continuation with high accuracy.
Levels Defined
• S1, S2, S3, S4 → Support levels
• R1, R2, R3, R4 → Resistance levels
Most important levels for trading:
• S3 – Buy zone (supports reversal)
• R3 – Sell zone (resistance reversal)
• S4 – Breakdown zone
• R4 – Breakout zone
CPR TREND CONTINUATION PATTERN
Bullish Continuation:
1. Yesterday closed above CPR
2. Today CPR shifts upward
3. S3 also rises above previous value
4. Price holds above CPR
5. R3 breaks → R4 likely
This is a multi-day institutional trend signal.
Bearish Continuation: Opposite logic.
In this Indicator you have the following:
1. CPR with traditional support and resistance levels (S1-S4 & R1-R4).
2. Developing camarilla CPR for next trading day, week, and month.
3. Customizable lookback period, line width.
4. Option to show/hide labels, prices, SR levels, developing CPR
5. Previous period High, Close and Open Levels
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.