Overview

The CPR Relation Screener (Monthly) is a powerful tool designed to help swing and position traders analyze market dynamics over longer timeframes. By scanning for 2-period CPR relationships based on monthly pivot levels, this screener identifies critical trends, reversals, and high-probability setups. Perfect for traders seeking a structured approach to long-term strategies, it simplifies market analysis and enhances decision-making.

Key features

• 2-Period CPR Analysis: Scans markets based on the relationship between current and previous monthly CPR levels.
• High-Probability Filtering: Identifies instruments with potential trend, breakout, or change of bias setups.
• Real-Time Updates: Provides dynamic results during market hours for quick decision-making.
• Customizable Settings: Adapt the screener to your preferred criteria and trading style.
• Multi-Instrument Support: Works across stocks, forex, futures, and other asset classes.
• Short-Medium Term Focus: Tailored specifically for swing and position traders seeking precision and efficiency.

Benefits for traders

• Save Time: Quickly identify instruments matching high-probability CPR setups
• Enhance Accuracy: Focus on trades with clear trend or reversal signals
• Improve Efficiency: Streamline your swing and position trading analysis process
• Adaptable to Strategies: Customize the screener for your specific trading needs
• Expand Opportunities: Scan multiple markets to uncover hidden trading setups

How it works

The CPR Relation Screener (Monthly) leverages advanced market analysis to identify key trading opportunities by scanning for relationships between the current and previous month’s CPR levels.

Here’s how it works:

• Inside CPR Relationship: Finds instruments where the current month’s CPR is narrower and contained within the previous month’s CPR, often signaling consolidation and potential breakouts

• Higher CPR Relationship: Identifies instruments where the current month’s s CPR is positioned above the previous month’s CPR, indicating bullish momentum

• Lower CPR Relationship: Scans for cases where the current month’s CPR is entirely below the previous month’s CPR, signaling bearish momentum

• GPZ Bullish Zone: Highlights setups where the CPR levels align with Camarilla support levels, suggesting bullish confluence

• GPZ Bearish Zone: Identifies instruments where the CPR levels align with Camarilla resistance levels, indicating bearish confluence

• Inside Advanced CPR Relationship: Detects instruments with two consecutive inside CPR relationships, signaling compression and a heightened likelihood of breakouts

• Change of Bias to Long: Highlights transitions from a 2-months CPR lower relationship to a bullish bias when price closes above the upcoming CPR

• Change of Bias to Short: Detects shifts from a 2-months higher CPR relationship to a bearish bias when price closes below the upcoming CPR

This screener provides a systematic way to analyze market structures and price behaviors, helping swing traders and position traders quickly pinpoint high-probability setups with minimal effort.

Settings

• PERIOD: keep it to Daily
• MINPRICE: the lowest price to scan the market for
• MAXPRICE. the highest price to scan the market for
• HIGHER: flag to scan for 2-month CPR higher relationship (very bullish)
• LOWER: flag to scan for 2-month CPR lower relationship (very bearish)
• INSIDE: flag to scan for 2-month CPR inside relationship (potential breakout)
• INSIDEADV: flag to scan for 2-month CPR inside advanced relationship (more potential breakout)
• GPZBULL: flag to scan for 2-month CPR higher relationship with Camarilla L3 in confluence with the CPR (very bullish)
• GPZBEAR: flag to scan for 2-month CPR lower relationship with Camarilla H3 in confluence with the CPR (very bearish)
• CHANGEBIASLONG: flag to scan for 2-month CPR change of bias from short to long relationship (bullish)
• CHANEGBIASSHORT:  flag to scan for 2-month CPR change of bias from long to short relationship (bearish)
• NEXTCPR: flag to scan the market for the upcoming 2-month CPR relation. Unflag to scan the live market for current 2-month CPR relation.

Who can use it?

• Swing Traders: Identifying medium- to long-term opportunities using monthly CPR relationships

• Position Traders: Analyzing market structure for extended holding periods

• Market Analysts: Gaining insights into broader trends, reversals, and consolidations

• Multi-Asset Traders: Applicable to stocks, forex, futures, and other instruments

• Strategy Developers: Building and refining long-term trading systems with CPR-based insights

• Intermediate and Experienced Traders: Looking for precision in analyzing monthly market dynamics for strategic decision-making.

Reference

The concept of 2-period CPR relations and their application in market analysis is inspired by established pivot-based trading methodologies, including insights from Frank Ochoa’s teachings. This screener has been independently developed and optimized for ProRealTime, offering a practical and efficient tool for traders to leverage these principles in their strategies.