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Day ClueDay Clue Indicator live Market Information Day Clue Indicator plots days information like " Initial Balance and Range ", " Day Range ", " Current Day Volume (for NIFTY and BANKNIFTY it takes the future volume) ", " ATR ", if the scrip is NIFTY or BANKNIFTY then it shows the difference between SPOT and Future price so that trader will come to know future is trading at premium or discount,it shows current day name at bottom right corner, and it plots the Ema-20 and Ema-200. These information will update during live market. Information for Next Trading Session Day Clue Indicator plots " Previous Day High" , " Previous Day Low ", " Central Pivot Range-CPR with S1 and R1 ","It indicate tomorrow is Trading Day or Trading Holiday(other than Weekend Holidays)" these are information used for next day that will be plot today itself once market closed Limitations of Day Clue Indicator Day Clue Indicator only work in Indian Market(NSE and BSE) Day Clue Indicator only work in " 1-mins, 5-mins, 15-mins " Timeframes, if you switch to other timeframe like 30-mins,1-Hour, Daily then information will hide Thank You
Pine Script® indicator
by Vignesh_vish
10
Central Pivot Ranges & Pivot based BarcolorsThe Central Pivot Range derived from the pivot of a defined higher timeframe is the considered by some traders as the bread and butter levels of the market for a reason. A combination of 3 CPRs from different timeframes can provide you with some some more insight into the assets your analysing and might offers you some more confidence in performing your trades. This script also offers you an extensive amount of options like: - The option to look at current or developing CPRs. - A resolution selector - Options to hide and show Tops Bottoms and Pivots seperately - Color selectors depending on the close price up or down the pivots - And an option to colorize your candles by pivots crossed.
Pine Script® indicator
by MartinWeb
7
Dynamic Pivot Box for Month and YearThe basic idea of the ‘Dynamic Pivot Box’ is to show only the Pivots that are closer to the Price. This is, the nearest pivots acting as support and resistance; thus hiding all other pivots which are further away from the price and also hiding the pivots from previous periods… Pivots will be hidden until price breaks out from the current box and moves to the next one. Hopefully, with this change you can focus more on the actual price action/ price patterns on the chart rather than on several/ noisy lines on the screen. **Please note that the recommended use for this indicator is on the daily or higher timeframes if you want to see Year pivots... Monthly pivots can be still seen on the hourly chart, but I am afraid that lower timeframes will not plot the indicator properly.** The Pivots are taken from Frank Ochoa’s book ‘Secrets of a Pivot Boss’, so if you are not familiar with them, I would recommend you to first take a look at the theory behind them. The Pivots in this indicator are divided in two groups: ‘Standard pivot’ and ‘Camarilla’ pivots.; and then this latter is group is divided in two also: the ‘Main Camarilla’ and ‘Regular Camarilla pivot’. You can select which groups of pivots are taken into account for the ‘Dynamic Pivot Box’. If you decide to select all Three Groups: ‘Standard Pivot’, ‘Main Camarilla’ and ‘Regular Camarilla pivot’ you will see ALWAYS 4 pivots surrounding the price. My recommendation is to select only ‘Standard Pivot’ and ‘Main Camarilla’ so that you see only between 2-3 pivots on the screen. This recommended view is actually the default settings. In addition, if you want to further reduce noise from the chart, you can unselect the ‘Lines’ option within the SETTINGS/ STYLE menu. What you see on the chart/sample is actually this indicator plotted twice: 1. Year Pivots which have the default settings and are shown as white ines 2. Month Pivots have also the default settings BUT I also selected the option ‘Previous Pivots’ to show the pivots from previous period , and also I unselected the ‘Lines’ options as mentioned above to reduce noise. You are more than welcome to enhance the current version, my only ask is to please share the enhanced version back with the community. I wish I could make amends or modify the current version myself but I actually just came up with the idea and I paid a coder in Fiverr to develop it.
Pine Script® indicator
by BollingerBoss
11
MERCURY by DrAbhiramSivprasad"MERCURY by DrAbhiramSivprasad" Developed from over 10 years of personal trading experience, the Mercury Indicator is a strategic tool designed to enhance accuracy in trading decisions. Think of it as a guiding light—a supportive tool that helps traders refine and build more robust strategies by integrating multiple powerful elements into a single indicator. I’ll be sharing some examples to illustrate how I use this indicator in my own trading journey, highlighting its potential to improve strategy accuracy. Reason behind the combination of emas , cpr and vwap is it provides very good support and resistance in my trading carrier so now i brought them together in one plate How It Works: Mercury combines three essential elements—EMA, VWAP, and CPR—each of which plays a vital role in detecting support and resistance: Exponential Moving Averages (EMAs): Known for their strength in providing dynamic support and resistance levels, EMAs help in identifying trends and shifts in momentum. This indicator includes a dashboard with up to nine customizable EMAs, showing whether each is acting as support or resistance based on real-time price movement. Volume Weighted Average Price (VWAP): VWAP also provides valuable support and resistance, often regarded as a fair price level by institutional traders. Paired with EMAs, it forms a dual-layered support/resistance system, adding an additional level of confirmation. Central Pivot Range (CPR): By combining CPR with EMAs and VWAP, Mercury highlights “traffic blocks” in your target journey. This means it identifies zones where price is likely to stall or reverse, providing additional guidance for navigating entries and exits. Why This Combination Matters: Using these three tools together gives you a more complete view of the market. VWAP and EMAs offer dynamic trend direction and support/resistance, while CPR pinpoints critical price zones. This combination helps you find high-probability trades, adding clarity to complex market situations and enabling stronger confirmation on trend or reversal decisions. How to Use: Trend Confirmation: Check if all EMAs are aligned (green for uptrend, red for downtrend), which is visible in the EMA dashboard. An alignment across VWAP, CPR, and EMAs signifies high confidence in trend direction. Breakouts & Breakdowns: Mercury has an alert system to signal when a price breakout or breakdown occurs across VWAP, EMA1, and EMA2. This can help in spotting strong directional moves. Example Application: In my trading, I use Mercury to identify support/resistance zones, confirming trends with EMA/VWAP alignment and using CPR as a checkpoint. I find this especially useful for day trading and swing setups. Recommended Timeframes: Day Trading: 5 to 15-minute charts for swift, actionable insights. Swing Trading: 1-hour or 4-hour charts for broader trend analysis. Note: The Mercury Indicator should be used as a supportive tool rather than a standalone strategy, guiding you toward informed decisions in line with your trading style and goals. EXAMPLE OF TRADE you can see the cart of XAUUSD on 11th nov 2024 1.SHORT POSITION - TIME FRAME 15 MIN So here for a short position you need to wait for a breakdown candle which will print in orange post the candle you need to check ema dashboard is completly red that indicates no traffic blocks in your journey to destiny target from ema's and you can take the target from nearest cpr support line TAKEN IN XAUUSD you can see in chart of XAUUSD on 7th nov 2.LONG POSITION - TIME FRAME 15 MIN - So here for long position you need to wait for a breakout candle from indicator thats here is blue and check all ema boxes are green and candle body should close above all the 3 lines here it is the both ema 1 and 2 and the vwap line then you can take and entry and your target will be the nearest resistance from the daily cpr 3. STOP LOSS CRITERIA After the entry any candle close below any of the last line from entry for example we have 3 lines vwap and ema 1 and 2 lines and u have made an entry and the last line before the entry is vwap then if any candle closes below vwap can be considered as stoploss like wise in any lines The MERCURY indicator is a comprehensive trading tool designed to enhance traders' ability to identify trends, breakouts, and reversals effectively. Created by Dr. Abhiram Sivprasad, this indicator integrates several technical elements, including Central Pivot Range (CPR), EMA crossovers, VWAP levels, and a table-based EMA dashboard, to offer a holistic trading view. Core Components and Functionality: Central Pivot Range (CPR): The CPR in MERCURY provides a central pivot level along with Below Central (BC) and Top Central (TC) pivots. These levels act as potential support and resistance, useful for identifying reversal points and zones where price may consolidate. Exponential Moving Averages (EMAs): MERCURY includes up to nine EMAs, with a customizable EMA crossover alert system. This feature enables traders to see shifts in trend direction, especially when shorter EMAs cross longer ones. VWAP (Volume-Weighted Average Price): VWAP is incorporated as a dynamic support/resistance level and, combined with EMA crossovers, helps refine entry and exit points for higher probability trades. Breakout and Breakdown Alerts: MERCURY monitors conditions for upside and downside breakouts. For an upside breakout, all EMAs turn green and a candle closes above VWAP, EMA1, and EMA2. Similarly, all EMAs turning red, combined with a close below VWAP and EMA1/EMA2, signals a downside breakdown. Continuous alerts are available until the trend shifts. Real-Time EMA Dashboard: A table displays each EMA’s relative position (Above or Below), helping traders quickly gauge trend direction. Colors in the table adjust to long/short conditions based on EMA alignment. Usage Recommendations: Trend Confirmation: Use the CPR, EMA alignments, and VWAP to confirm uptrends and downtrends. The table highlights trends, making it easy to spot long or short setups at a glance. Breakout and Breakdown Alerts: The alert system is customizable for continuous notifications on critical price levels. When all EMAs align in one direction (green for long, red for short) and the close is above or below VWAP and key EMAs, the indicator confirms a breakout/breakdown. Adaptable for Different Styles: Day Trading: Traders can set shorter EMAs for quick insights. Swing Trading: Longer EMAs combined with CPR offer insights into sustained trends. Recommended Settings: Timeframes: MERCURY is suitable for timeframes as low as 5 minutes for intraday traders, up to daily charts for trend analysis. Symbols: Works across forex, stocks, and crypto. Adjust EMA lengths for asset volatility. Example Strategy: Long Entry: When the price crosses above CPR and closes above both EMA1 and EMA2. Short Entry: When the price falls below CPR with a close below both EMA1 and EMA2.
Pine Script® indicator
by DRABHIRAMSS
2
Precision Cloud by Dr ABIRAM SIVPRASAD Precision Cloud by Dr. Abhiram Sivprasad" The " Precision Cloud" script, created by Dr. Abhiram Sivprasad, is a multi-purpose technical analysis tool designed for Forex, Bitcoin, Commodities, Stocks, and Options trading. It focuses on identifying key levels of support and resistance, combined with moving averages (EMAs) and central pivot ranges (CPR), to help traders make informed trading decisions. The script also provides a visual "light system" to highlight potential long or short positions, aiding traders in entering trades with a clear strategy. Key Features of the Script: Central Pivot Range (CPR): The CPR is calculated as the average of the high, low, and close of the price, while the top and bottom pivots are derived from it. These act as dynamic support and resistance zones. The script can plot daily CPR, support, and resistance levels (S1/R1, S2/R2, S3/R3) as well as optional weekly and monthly pivot points. The CPR helps identify whether the price is in a bullish, bearish, or neutral zone. Support and Resistance Levels: Three daily support (S1, S2, S3) and resistance (R1, R2, R3) levels are plotted based on the CPR. These levels act as potential reversal or breakout points, allowing traders to make decisions around key price points. EMA (Exponential Moving Averages): The script includes two customizable EMAs (default periods of 9 and 21). You can choose the source for these EMAs (open, high, low, or close). The crossovers between EMA1 and EMA2 help identify potential trend reversals or momentum shifts. Lagging Span: The Lagging Span is plotted with a customizable displacement (default 26), which helps identify overall trend direction by comparing past price with the current price. Light System: A color-coded table provides a visual representation of market conditions: Green indicates bullish signals (e.g., price above CPR, EMAs aligning positively). Red indicates bearish signals (e.g., price below CPR, EMAs aligning negatively). Yellow indicates neutral conditions, where there is no clear trend direction. The system includes lights for CPR, EMA, Long Position, and Short Position, helping traders quickly assess whether the market is in a buying or selling opportunity. Trading Strategies Using the Script 1. Forex Trading: Trend-Following with EMAs: Use the EMA crossovers to capture trending markets in Forex. A green light for the EMA combined with a price above the daily or weekly pivot levels suggests a buying opportunity. Conversely, if the EMA light turns red and price falls below the CPR levels, look for shorting opportunities. Reversal Strategy: Watch for price action near the daily S1/R1 levels. If price holds above S1 and the EMA is green, this could signal a reversal from support. The same applies to resistance levels. 2. Bitcoin Trading: Momentum Breakouts: Bitcoin is known for its sharp moves. The script helps to identify breakouts from the CPR range. If the price breaks above the TC (Top Central Pivot) with bullish EMA alignment (green light), it could signal a strong uptrend. Lagging Span Confirmation: Use the Lagging Span to confirm the trend direction. For Bitcoin's volatility, when the lagging span shows consistent alignment with the price and CPR, it often indicates continuation of the trend. 3. Commodities Trading: Support/Resistance Bounce: Commodities such as gold and oil often react well to pivot levels. Look for price bouncing off S1 or R1 for potential entry points. A green CPR light along with price above the pivot range supports a bullish bias. EMA Pullback Strategy: If price moves in a strong trend and pulls back to one of the EMAs, a green EMA light suggests re-entry on a pullback. If the EMA light is red and price breaks below the BC (Bottom Central Pivot), short positions could be considered. 4. Stocks Trading: Long Position Strategy: For stocks, use the combination of the long position light turning green (price above TC and EMA alignment) as a signal to buy. This could be especially useful for riding bullish trends in growth stocks or during earnings seasons when volatility is high. Short Position Strategy: If the short position light turns green, indicating price below BC and EMAs turning bearish, this could be an ideal setup for shorting overvalued stocks or during market corrections. 5. Options Trading: Directional Bias for Options: The light system is particularly helpful for options traders. A green long position light provides a clear signal to buy call options, while a green short position light supports buying puts. Pivot Breakout Strategy: Buy options (calls or puts) when the price breaks above resistance or below support, with confirmation from the CPR and EMA lights. This helps capture the sharp moves required for profitable options trades. Conclusion The S&R Precision Cloud script is a versatile tool for traders across markets, including Forex, Bitcoin, Commodities, Stocks, and Options. It combines critical technical elements like pivot ranges, support and resistance levels, EMAs, and the Lagging Span to provide a clear picture of market conditions. The intuitive light system helps traders quickly assess whether to take a long or short position, making it an excellent tool for both new and experienced traders. The S&R Precision Cloud by Dr. Abhiram Sivprasad script is a technical analysis tool designed to assist traders in making informed decisions. However, it should not be interpreted as financial or investment advice. The signals generated by the script are based on historical price data and technical indicators, which are inherently subject to market fluctuations and do not guarantee future performance. Trading in Forex, Bitcoin, Commodities, Stocks, and Options carries a high level of risk and may not be suitable for all investors. You should be aware of the risks involved and be willing to accept them before engaging in such activities. Always conduct your own research and consult with a licensed financial advisor or professional before making any trading decisions. The creators of this script are not responsible for any financial losses that may occur from its use. Past performance is not indicative of future results, and the use of this script is at your own risk.
Pine Script® indicator
by DRABHIRAMSS
CPR_ATR_PIVOTIntroduction What is so special about this variation of CPR is that it combines three indicators together. It has Central Pivot Range to understand market trend and for taking entry; Average True Range Stop line to identify the stop loss for any trade keeping in view volatility of the instrument; and Standard Pivot Points for profit targets. So overall it combines all essential ingredients for trading in a single indicator. While CPR and Pivot values will remain fixed, the ATR period and multiple can be changed. Central Pivot Range: is a useful intraday technical indicator which comprises 3 levels – a Central pivot point (pivot), Top central level (TC), and Bottom central level (BC). These levels are calculated as follows: TC = (Pivot – BC) + Pivot Pivot = (High + Low + Close)/3 BC = (High + Low)/2 The 3 levels are calculated using 3 variables, High, Low, and Close price. When you add CPR levels in a stock’s chart, TC is highest, the pivot is at the center and BC is the lowest level. However, depending on market conditions TC’s value may be lower than BC. The fundamental idea behind this indicator is that the particular day’s trading range captures everything about the market sentiment, and hence this range can be used to predict the price movement of the following days. This indicator was first introduced by Mark Fisher in this book “The Logical Trader”. Frank Ochoa added another dimension, central pivot point to this indicator. Practical Applications: CPR Breakout: Any high volume breakout above or below the TC and BC lines respectively indicates a high probability that the movement will continue. CPR Width The width of the CPR lines very accurately gives an idea of the expected price movement. If CPR width is narrow, that is the distance between TC and BC lines of CPR is very low, then it indicates a trending market. While if the distance between TC and BC lines is relatively higher it indicates sideways market. CPR as Support and Resistance CPR lines can also act as support and resistance. Market may takes support or resistance at the CPR and reverse. ATR Stop: I am adding another useful indicator known as ATR stop with CPR. Once market takes support and resistance at the CPR, trade can be taken with stoploss under/above (as the case may be) the ATR stop line. It would help in absorbing the intraday volatility in a stock or instrument. Pivot Points: Pivot points can be taken as target points where partial or full profit (depending upon market conditions and momentum) can be taken. I hope this indicator would help some traders in taking better trading decisions. Regards jjsingh_2020
Pine Script® indicator
by Bravetotrade
17
Multi Pivot Point & Central Pivot Range - Nadeem Al-QahwiThis indicator combines four advanced trading modules into one flexible and easy-to-use script: Traditional Pivot Points: Calculates classic support and resistance levels (PP, R1–R5, S1–S5) based on previous session data. Ideal for identifying key turning points and mapping out the daily, weekly, or monthly structure. Camarilla Levels: Provides six upper and lower pivot levels (H1–H6, L1–L6) derived from volatility and closing price formulas. Especially effective for intraday reversal, mean reversion, and finding overbought/oversold extremes. Central Pivot Range (CPR): Plots the median, top, and bottom of the value area each session. CPR width instantly highlights whether the market is likely to trend (narrow CPR) or remain range-bound (wide CPR). Developing CPR projects the evolving range for the current period—essential for real-time analysis and pre-market planning. Dynamic Zone Levels (DZL): Automatically detects and highlights clusters of pivots to reveal high-probability support/resistance zones, filtering out market “noise.” DZL alerts notify you whenever price breaks or retests these key areas, making it easier to spot momentum trades and avoid false signals. Key Features: Multi-timeframe flexibility: Use with daily, weekly, monthly, yearly, or custom timeframes—even rare ones like biyearly and decennial. Modular design: Activate or hide any system (Traditional, Camarilla, CPR, DZL) as you need. Bilingual interface: Every setting and label is shown in both English and Arabic. Full customization: Control visibility, color, style, and placement for every level and label. Historical depth: Plot up to 5,000 pivot/zones back for deep analysis and backtesting. Smart alerts: Get instant notifications on true S/R breakouts or retests (from DZL). How to Use: Trend Trading: Watch for a very narrow CPR to identify potential trending days—trade in the breakout direction above/below the CPR. Range Trading: When CPR is wide, expect sideways movement. Fade reversals at R1/S1 or within the CPR boundaries. Breakouts: Use DZL alerts to capture momentum as price breaks or retests dynamic support/resistance zones. Multi-Timeframe Confluence: Combine CPR and pivot levels from multiple timeframes for higher-probability entries and exits. All calculations and logic are fully open.
Pine Script® indicator
by nadeem_alqahwi
1
Aquantprice: Institutional Structure MatrixSETUP GUIDE Open TradingView Go to Indicators Search: Aquantprice: Institutional Structure Matrix Click Add to Chart Customize: Min Buy = 10, Min Sell = 7 Show only PP, R1, S1, TC, BC Set Decimals = 5 (Forex) or 8 (Crypto) USE CASES & TRADING STRATEGIES 1. CPR Confluence Trading (Most Popular) Rule: Enter when ≥3 timeframes show Buy ≥10/15 or Sell ≥7/13 text Example: Daily: 12/15 Buy Weekly: 11/15 Buy Monthly: 10/15 Buy → **STRONG LONG BIAS** Enter on pullback to nearest **S1 or L3** 2. Hot Zone Scalping (Forex & Indices) Rule: Trade only when price is in Hot Zone (closest 2 levels) text Hot: S1-PP → Expect bounce or breakout Action: - Buy at S1 if Buy Count ↑ - Sell at PP if Sell Count ↑ 3. Institutional Reversal Setup Rule: Price at H3/L3 + Reversal Condition text Scenario: Price touches **Monthly L3** L3 in **Hot Zone** Buy Count = 13/15 → **High-Probability Reversal Long** 4. CPR Width Filter (Avoid Choppy Markets) Rule: Trade only if CPR Label = "Strong Trend" text CPR Size < 0.25 → Trending CPR Size > 0.75 → Sideways (Avoid) 5. Multi-Timeframe Bias Dashboard Use "Buy" and "Sell" columns as a sentiment meter TimeframeBuySellBiasDaily123BullishWeekly89BearishMonthly112Bullish → Wait for alignment before entering HOW TO READ THE TABLE Column Meaning Time frame D, W, M, 3M, 6M, 12MOpen Price Current session open PP, TC, BC, etc. Pivot levels (color-coded if in Hot Zone) Buy X/15 conditions met (≥10 = Strong Buy)Sell X/13 conditions met (≥7 = Strong Sell)CPR Size Histogram + Label (Trend vs Range)Zone Hot: PP-S1, Med: S2-L3, etc. + PP Distance PRO TIPS Best on 5M–1H charts for entries Use with volume or order flow for confirmation Set alerts on Buy ≥12/15 or Sell ≥10/13 Hide unused levels to reduce clutter Combine with AQuantPrice Dashboard (Small TF) for full system IDEAL MARKETS Forex (EURUSD, GBPUSD, USDJPY) Indices (NAS100, SPX500, DAX) Crypto (BTC, ETH – use 6–8 decimals) Commodities (Gold, Oil) 🚀 **NEW INDICATOR ALERT** **Aquantprice: Institutional Structure Matrix** The **ALL-IN-ONE CPR Dashboard** used by smart money traders. ✅ **6 Timeframes in 1 Table** (Daily → Yearly) ✅ **15 Buy + 13 Sell Conditions** (Institutional Logic) ✅ **Hot Zones, CPR Width, PP Distance** ✅ **Fully Customizable – Show/Hide Any Level** ✅ **Real-Time Zone Detection** (Hot, Med, Low) ✅ **Precision up to 8 Decimals** **No more switching charts. No more confusion.** See **where institutions are positioned** — instantly. 👉 **Add to Chart Now**: Search **"Aquantprice: Institutional Structure Matrix"** 🔥 **Free Access | Pro-Level Insights** *By AQuant – Trusted by 10,000+ Traders* #CPR #PivotTrading #SmartMoney #TradingView FINAL TAGLINE "See What Institutions See — Before They Move." Aquantprice: Institutional Structure Matrix Your Edge. One Dashboard.
Pine Script® indicator
by Nmn0708
NIFTY Weekly Option Seller DirectionalHere’s a straight description you can paste into the TradingView “Description” box and tweak if needed: --- ### NIFTY Weekly Option Seller – Regime + Score + Management (Single TF) This indicator is built for **weekly option sellers** (primarily NIFTY) who want a **structured regime + scoring framework** to decide: * Whether to trade **Iron Condor (IC)**, **Put Credit Spread (PCS)** or **Call Credit Spread (CCS)** * How strong that regime is on the current timeframe (score 0–5) * When to **DEFEND** existing positions and when to **HARVEST** profits > **Note:** This is a **single timeframe** tool. The original system uses it on **4H and 1D separately**, then combines scores manually (e.g., using `min(4H, 1D)` for conviction and lot sizing). --- ## Core logic The script classifies the market into 3 regimes: * **IC (Iron Condor)** – range/mean-reversion conditions * **PCS (Put Credit Spread)** – bullish/trend-up conditions * **CCS (Call Credit Spread)** – bearish/trend-down conditions For each regime, it builds a **0–5 score** using: * **EMA stack (8/13/34)** – trend structure * **ADX (custom DMI-based)** – trend strength vs range * **Previous-day CPR** – in CPR vs break above/below * **VWAP (session)** – near/far value * **Camarilla H3/L3** – for IC context * **RSI (14)** – used as a **brake**, not a primary signal * **Daily trend / Daily ADX** – used as **hard gates**, not double-counted as extra points Then: * Scores for PCS / CCS / IC are **cross-penalised** (they pull each other down if conflicting) * Final scores are **smoothed** (current + previous bar) to avoid jumpy signals The **background colour** shows the current regime and conviction: * Blue = IC * Green = PCS * Red = CCS * Stronger tint = higher regime score --- ## Scoring details (per timeframe) **PCS (uptrend, bullish credit spreads)** * +2 if EMA(8) > EMA(13) > EMA(34) * +1 if ADX > ADX_TREND * +1 if close > CPR High * +1 if close > VWAP * RSI brake: * If RSI < 50 → PCS capped at 2 * If RSI > 75 → PCS capped at 3 * Daily gating: * If daily EMA stack is **not** uptrend → PCS capped at 2 **CCS (downtrend, bearish credit spreads)** * +2 if EMA(8) < EMA(13) < EMA(34) * +1 if ADX > ADX_TREND * +1 if close < CPR Low * +1 if close < VWAP * RSI brake: * If RSI > 50 → CCS capped at 2 * If RSI < 25 → CCS capped at 3 * Daily gating: * If daily EMA stack is **not** downtrend → CCS capped at 2 **IC (range / mean-reversion)** * +2 if ADX < ADX_RANGE (low trend) * +1 if close inside CPR * +1 if near VWAP * +0.5 if inside Camarilla H3–L3 * +1 if daily ADX < ADX_RANGE (daily also range-like) * +0.5 if RSI between 45 and 55 (classic balance zone) * Daily gating: * If daily ADX ≥ ADX_TREND → IC capped at 2 (no “strong IC” in strong trends) **Cross-penalty & smoothing** * Each regime’s raw score is reduced by **0.5 × max(other two scores)** * Final IC / PCS / CCS scores are then **smoothed** with previous bar * Scores are always clipped to ** ** --- ## Regime selection * If one regime has the highest score → that regime is selected. * If there is a tie or close scores: * When ADX is high, trend regimes (PCS/CCS) are preferred in the direction of the EMA stack. * When ADX is low, IC is preferred. The selected regime’s score is used for: * Background colour intensity * Minimum score gate for alerts * Display in the info panel --- ## DEFEND / HARVEST / REGIME alerts The script also defines **management signals** using ATR-based buffers and Camarilla breaks: * **DEFEND** * Price moving too close to short strikes (PCS/CCS/IC) relative to ATR, or * Trend breaks through Camarilla with ADX strong → Suggests rolling away / widening / converting to reduce risk. * **HARVEST** * Price has moved far enough from your short strikes (in ATR multiples) and market is still range-compatible → Suggests booking profits / rolling closer / reducing risk. * **REGIME CHANGED** * Regime flips (IC ↔ PCS/CCS) with cooldown and minimum score gate → Suggests switching playbook (range vs trend) for new entries. Each of these has a plotshape label plus an `alertcondition()` for TradingView alerts. --- ## UI / Panel The **top-right panel** (optional) shows: * Strategy + final regime score (IC / PCS / CCS, x/5) * ADX / RSI values * CPR status (Narrow / Normal / Wide + %) * EMA Stack (Up / Down / Mixed) and EMA tightness * VWAP proximity (Near / Away) * Final **IC / PCS / CCS** scores (for this timeframe) * H3/L3, H4/L4, CPR Low/High and VWAP levels (rounded) These values are meant to be **read quickly at the decision time** (e.g. near the close of the 4H bar or daily bar). --- ## Intended workflow 1. Run the script on **4H** and **1D** charts separately. 2. For each timeframe, read the panel’s **IC / PCS / CCS scores** and regime. 3. Decide: * Final regime (IC vs PCS vs CCS) * Combined score (e.g. `AlignScore = min(Score_4H, Score_1D)`) 4. Map that combined score to **your own lot-size buckets** and trade rules. 5. During the life of the position, use **DEFEND / HARVEST / REGIME** alerts to adjust. The script does **not** auto-calculate lot size or P&L. It focuses on giving a structured, consistent **market regime + strength + levels + management** layer for weekly option selling. --- ## Disclaimer This is a discretionary **decision-support tool**, not a guarantee of profit or a replacement for risk management. No performance is implied or promised. Always size positions and manage risk according to your own capital, rules, and regulations.
Pine Script® indicator
by distinctSeahor20287
next day levelHere's a description you can use to publish your Pine Script: --- **Future CPR with Next Day Extension** This indicator calculates and displays the Central Pivot Range (CPR) for different timeframes (Daily, Weekly, Monthly, and Yearly). It also extends the CPR for the next trading session, helping traders plan their strategies in advance. ### 🔹 **Features:** ✅ Calculates CPR using today's (or previous period's) High, Low, and Close ✅ Displays next day's CPR for better planning ✅ Supports multiple timeframes: Daily, Weekly, Monthly, and Yearly ✅ Option to display historical CPR levels ✅ Plots resistance (R1, R2, R3) and support (S1, S2, S3) levels ✅ Customizable colors and display settings ### 📌 **Usage:** - Use this indicator for pre-market analysis to identify key pivot levels for the next session. - Helps in understanding price action around crucial levels like pivot points, supports, and resistances. - Works well for both intraday and swing traders. 🔹 **Tip:** To avoid real-time recalculations, use this indicator only after the current trading session closes. 🚀 **Enhance your trading with better preparation using Future CPR with Next Day Extension!**
Pine Script® indicator
by ajithomas123