Overview

The CPR Relation Screener (Weekly) is a powerful market scanning tool tailored for swing and day traders. By analyzing the relationship between current and previous weekly CPR levels, it helps identify key trading opportunities, including trend continuations, reversals, and breakout setups. With its precise and dynamic approach, this screener streamlines market analysis, saving time and enhancing decision-making.

Key features

• 2-Period CPR Analysis: Scans markets based on the relationship between current and previous weekly 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 Term Focus: Tailored specifically for day and swing 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 intraday analysis process
• Adaptable to Strategies: Customize the screener for your specific day and swing trading needs
• Expand Opportunities: Scan multiple markets to uncover hidden trading setups

How it works

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

Here’s how it works:

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

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

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

• Change of Bias to Short: Detects shifts from a 2-period 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 day traders and swing traders quickly pinpoint high-probability setups with minimal effort.

Settings

• PERIOD: keep it to 1 Hour
• MINPRICE: the lowest price to scan the market for
• MAXPRICE. the highest price to scan the market for
• HIGHER: flag to scan for 2-week CPR higher relationship (very bullish)
• LOWER: flag to scan for 2-week CPR lower relationship (very bearish)
• INSIDE: flag to scan for 2-week CPR inside relationship (potential breakout)
• INSIDEADV: flag to scan for 2-week CPR inside advanced relationship (more potential breakout)
• GPZBULL: flag to scan for 2-week CPR higher relationship with Camarilla L3 in confluence with the CPR (very bullish)
• GPZBEAR: flag to scan for 2-week CPR lower relationship with Camarilla H3 in confluence with the CPR (very bearish)
• CHANGEBIASLONG: flag to scan for 2-week CPR change of bias from short to long relationship (bullish)
• CHANEGBIASSHORT:  flag to scan for 2-week CPR change of bias from long to short relationship (bearish)
• NEXTCPR: flag to scan the market for the upcoming 2-week CPR relation. Unflag to scan the live market for current 2-week CPR relation.

Who can use it?

• Swing Traders: Seeking mid-term opportunities based on weekly CPR relationships

• Day Traders: Identifying high-probability setups aligned with weekly pivot levels

• Market Analysts: Analyzing weekly trends, consolidations, and bias shifts

• Traders Across Asset Classes: Suitable for stocks, forex, futures, and other instruments

• Strategy Developers: Building or refining trading systems using weekly CPR dynamics

• Intermediate and Advanced Traders: Gaining deeper insights into market structure with multi-period weekly analysis.

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.