Overview

The CPR Relation Screener (Quarterly) is an essential tool for position traders focused on long-term market dynamics. It scans for 2-period CPR relationships based on quarterly pivot levels, helping traders identify critical trends, reversals, and breakout opportunities. With its precision and simplicity, this screener provides valuable insights for traders seeking to capitalize on extended holding periods and strategic investments.

Key features

• 2-Period CPR Analysis: Scans markets based on the relationship between current and previous quarterly 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.
• Long Term Focus: Tailored specifically for 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 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 (Quarterly) leverages advanced market analysis to identify key trading opportunities by scanning for relationships between the current and previous quarter’s CPR levels.

Here’s how it works:

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

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

• Lower CPR Relationship: Scans for cases where the current quarter’s CPR is entirely below the previous quarter’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-quarter CPR lower relationship to a bullish bias when price closes above the upcoming CPR

• Change of Bias to Short: Detects shifts from a 2-quarter 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 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-quarter CPR higher relationship (very bullish)
• LOWER: flag to scan for 2-quarter CPR lower relationship (very bearish)
• INSIDE: flag to scan for 2-quarter CPR inside relationship (potential breakout)
• INSIDEADV: flag to scan for 2-quarter CPR inside advanced relationship (more potential breakout)
• GPZBULL: flag to scan for 2-quarter CPR higher relationship with Camarilla L3 in confluence with the CPR (very bullish)
• GPZBEAR: flag to scan for 2-quarter CPR lower relationship with Camarilla H3 in confluence with the CPR (very bearish)
• CHANGEBIASLONG: flag to scan for 2-quarter CPR change of bias from short to long relationship (bullish)
• CHANEGBIASSHORT:  flag to scan for 2-quarter CPR change of bias from long to short relationship (bearish)
• NEXTCPR: flag to scan the market for the upcoming 2-quarter CPR relation. Unflag to scan the live market for current 2-quarter CPR relation.

Who can use it?

• Position Traders: Focused on long-term opportunities using quarterly CPR relationships

• Market Analysts: Exploring extended market trends, shifts, and consolidations

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

• Institutional Investors: Leveraging quarterly pivots for strategic decision-making

• Strategy Developers: Building robust systems for long-term market analysis

• Intermediate and Advanced Traders: Seeking detailed insights into quarterly market behavior for precise entries and exits.

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.