The Central Pivot Range screener is a powerful tool to scan the market for specific two-periods CPR relation to spot high probabilities trading opportunities.
The pack contains the screeners for the daily CPR relation, which is suitable especially for day-traders.
It is suggested to be used along with the Daily CPR plotted on minor timeframes charts such as 1 up to 15 minutes.
The screener allows you to scan the market given specific criteria such as:
- Stock price MIN PRICE: set the minimum price of the assets you want to filter
- Stock price MAX PRICE: set the maximum price of the assets you want to filter
- HIGHER: flag this field if you want to scan for long opportunities in the upcoming session. Look for entering the market long at CPR pullback.
- LOWER: flag this field if you want to scan for short opportunities in the upcoming session. Look for entering the market short at CPR pullback.
- INSIDE: flag this field if you want to scan for breakout opportunities in the upcoming session. Look for expansion beyond previous High or Low.
- INSIDE ADV: flag this field if you want to scan for enhanced breakout opportunities in the upcoming session. Look for expansion beyond previous High or Low.
- GPZ BULL: flag this field if you want to scan for enhanced long opportunities in the upcoming session. Look for entering the market long at CPR pullback.
- GPZ BEAR: flag this field if you want to scan for enhanced short opportunities in the upcoming session. Look for entering the market short at CPR pullback.
- CHANGE BIAS LONG: flag this field if you want to scan for change of bias from short to long opportunities in the upcoming session. Look for entering the market long at CPR pullback.
- CHANGE BIAS SHORT: flag this field if you want to scan for change of bias from long to short opportunities in the upcoming session. Look for entering the market short at CPR pullback.
- NEXT CPR: always flag this field after market closure to scan for the upcoming CPR. If you scan the market after market open, un-flag the field
- PERIODS: look-back periods for average volume and average daily range settings below (60 days by default)
- VOL: set the minimum average volume of the asset over the PERIODS set above (5 Mio pieces by default)
- ADR: set the minimum average daily range (high – low of each candle) of the asset over the PERIODS set above (0.5 $ by default)
The CPR concepts have been taken from the book “Secrets of a Pivot Boss” by Frank Ochoa and made available on PRT through proprietary coding.
Please feel free to get in contact with me to deepen the trading methods behind its usage.
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