RM Dynamic CPR for ScalpingRM Dynamic CPR for Scalping
Overview
RM Dynamic CPR for Scalping is a dynamic Central Pivot Range (CPR) indicator designed for intraday traders and scalpers. Unlike traditional daily CPR indicators, this script calculates CPR levels using the previous candle of a user-selected higher timeframe (default: 25 minutes), making it highly adaptive to changing market conditions.
The indicator automatically plots CPR levels along with multiple support and resistance zones, helping traders identify potential breakout, breakdown, reversal, and target areas throughout the trading session.
Features
Dynamic CPR Calculation
* Calculates CPR using the previous higher timeframe candle.
* User-selectable CPR timeframe (default: 25 minutes).
* Automatically updates CPR levels when a new timeframe period begins.
CPR Components
* **TC (Top Central)**
* **BC (Bottom Central)**
* **Pivot Point**
Support & Resistance Levels
* R1 / S1
* R2 / S2
* Optional R3 / S3
Visual Enhancements
* CPR zone highlighted using a shaded area between TC and BC.
* Optional line extension for better chart visibility.
* Clean and lightweight design suitable for scalping and intraday trading.
How to Use
Bullish Setup
* Price sustains above the CPR zone.
* CPR acts as support.
* Breakout above R1 may indicate bullish continuation.
* R2 and R3 can be used as potential targets.
Bearish Setup
* Price sustains below the CPR zone.
* CPR acts as resistance.
* Breakdown below S1 may indicate bearish continuation.
* S2 and S3 can be used as potential downside targets.
Range-Bound Markets
* CPR can act as a mean-reversion zone.
* Traders may look for reversals near support and resistance levels.
Best Use Cases
* Index Scalping
* Intraday Trading
* Futures Trading
* Options Trading
* Breakout and Breakdown Strategies
* CPR-Based Confluence Trading
Customization
Users can:
* Change the CPR timeframe.
* Enable or disable CPR levels.
* Show or hide Pivot, R1/S1, R2/S2, and R3/S3 levels.
* Extend plotted levels across the chart.
Disclaimer
This indicator is intended for educational and informational purposes only. It does not provide financial advice. Always use proper risk management and combine CPR levels with price action, volume analysis, and market structure before making trading decisions.
Indicator
Indicator
Indicator
Williams R Zone Scalper v1.0[BullByte]Originality & Usefulness
Unlike standard Williams R cross-over scripts, this strategy layers five dynamic filters—moving-average trend, Supertrend, Choppiness Index, Bollinger Band Width, and volume validation —and presents a real-time dashboard with equity, PnL, filter status, and key indicator values. No other public Pine script combines these elements with toggleable filters and a custom dashboard. In backtests (BTC/USD (Binance), 5 min, 24 Mar 2025 → 28 Apr 2025), adding these filters turned a –2.09 % standalone Williams R into a +5.05 % net winner while cutting maximum drawdown in half.
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What This Script Does
- Monitors Williams R (length 14) for overbought/oversold reversals.
- Applies up to five dynamic filters to confirm trend strength and volatility direction:
- Moving average (SMA/EMA/WMA/HMA)
- Supertrend line
- Choppiness Index (CI)
- Bollinger Band Width (BBW)
- Volume vs. its 50-period MA
- Plots blue arrows for Long entries (R crosses above –80 + all filters green) and red arrows for Short entries (R crosses below –20 + all filters green).
- Optionally sets dynamic ATR-based stop-loss (1.5×ATR) and take-profit (2×ATR).
- Shows a dashboard box with current position, equity, PnL, filter status, and real-time Williams R / MA/volume values.
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Backtest Summary (BTC/USD(Binance), 5 min, 24 Mar 2025 → 28 Apr 2025)
• Total P&L : +50.70 USD (+5.05 %)
• Max Drawdown : 31.93 USD (3.11 %)
• Total Trades : 198
• Win Rate : 55.05 % (109/89)
• Profit Factor : 1.288
• Commission : 0.01 % per trade
• Slippage : 0 ticks
Even in choppy March–April, this multi-filter approach nets +5 % with a robust risk profile, compared to –2.09 % and higher drawdown for Williams R alone.
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Williams R Alone vs. Multi-Filter Version
• Total P&L :
– Williams R alone → –20.83 USD (–2.09 %)
– Multi-Filter → +50.70 USD (+5.05 %)
• Max Drawdown :
– Williams R alone → 62.13 USD (6.00 %)
– Multi-Filter → 31.93 USD (3.11 %)
• Total Trades : 543 vs. 198
• Win Rate : 60.22 % vs. 55.05 %
• Profit Factor : 0.943 vs. 1.288
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Inputs & What They Control
- wrLen (14): Williams R look-back
- maType (EMA): Trend filter type (SMA, EMA, WMA, HMA)
- maLen (20): Moving-average period
- useChop (true): Toggle Choppiness Index filter
- ciLen (12): CI look-back length
- chopThr (38.2): CI threshold (below = trending)
- useVol (true): Toggle volume-above-average filter
- volMaLen (50): Volume MA period
- useBBW (false): Toggle Bollinger Band Width filter
- bbwMaLen (50): BBW MA period
- useST (false): Toggle Supertrend filter
- stAtrLen (10): Supertrend ATR length
- stFactor (3.0): Supertrend multiplier
- useSL (false): Toggle ATR-based SL/TP
- atrLen (14): ATR period for SL/TP
- slMult (1.5): SL = slMult × ATR
- tpMult (2.0): TP = tpMult × ATR
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How to Read the Chart
- Blue arrow (Long): Williams R crosses above –80 + all enabled filters green
- Red arrow (Short) : Williams R crosses below –20 + all filters green
- Dashboard box:
- Top : position and equity
- Next : cumulative PnL in USD & %
- Middle : green/white dots for each filter (green=passing, white=disabled)
- Bottom : Williams R, MA, and volume current values
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Usage Tips
- Add the script : Indicators → My Scripts → Williams R Zone Scalper v1.0 → Add to BTC/USD chart on 5 min.
- Defaults : Optimized for BTC/USD.
- Forex majors : Raise `chopThr` to ~42.
- Stocks/high-beta : Enable `useBBW`.
- Enable SL/TP : Toggle `useSL`; stop-loss = 1.5×ATR, take-profit = 2×ATR apply automatically.
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Common Questions
- * Why not trade every Williams R reversal?*
Raw Williams R whipsaws in sideways markets. Choppiness and volume filters reduce false entries.
- *Can I use on 1 min or 15 min?*
Yes—adjust ATR length or thresholds accordingly. Defaults target 5 min scalping.
- *What if all filters are on?*
Fewer arrows, higher-quality signals. Expect ~10 % boost in average win size.
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Disclaimer & License
Trading carries risk of loss. Use this script “as is” under the Mozilla Public License 2.0 (mozilla.org). Always backtest, paper-trade, and adjust risk settings to your own profile.
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Credits & References
- Pine Script v6, using PulseWire’s built-in `ta.supertrend()`.
- PulseWire House Rules: www.pulsewire.com
Goodluck!
BullByte
Strategy
Strategy
Pro Scalper AI [BullByte]The Pro Scalper AI is a powerful, multi-faceted scalping indicator designed to assist active traders in identifying short-term trading opportunities with precision. By combining trend analysis, momentum indicators, dynamic weighting, and optional AI forecasting, this tool provides both immediate and latched trading signals based on confirmed (closed bar) data—helping to avoid repainting issues. Its flexible design includes customizable filters such as a higher timeframe trend filter, and adjustable settings for ADX, ATR, and Hull Moving Average (HMA), giving traders the ability to fine-tune the strategy to different markets and timeframes.
Key Features :
- Confirmed Data Processing :
Utilizes a helper function to lock in price and volume data only from confirmed (closed) bars, ensuring the reliability of signals without the risk of intrabar repainting.
- Trend Analysis :
Employs ADX and Directional Movement (DI) calculations along with a locally computed HMA to detect short-term trends. An optional higher timeframe trend filter can further refine the analysis.
- Flexible Momentum Modes :
Choose between three momentum calculation methods—Stochastic RSI, Fisher RSI, or Williams %R—to match your preferred style of analysis. This versatility allows you to optimize the indicator for different market conditions.
- Dynamic Weighting & Volatility Adjustments :
Adjusts the contribution of trend, momentum, volatility, and volume through dynamic weighting. This ensures that the indicator responds appropriately to varying market conditions by scaling its sensitivity with user-defined maximum factors.
- Optional AI Forecast :
For those who want an extra edge, the built-in AI forecasting module uses linear regression to predict future price moves and adjusts oscillator thresholds accordingly. This feature can be toggled on or off, with smoothing options available for more stable output.
- Latching Mode for Signal Persistenc e:
The script features a latching mechanism that holds signals until a clear reversal is detected, preventing whipsaws and providing more reliable trade entries and exits.
- Comprehensive Visualizations & Dashboard :
- Composite Oscillator & Dynamic Thresholds : The oscillator is plotted with dynamic upper and lower thresholds, and the area between them is filled with a color that reflects the active trading signal (e.g., Strong Buy, Early Sell).
- Signal Markers : Both immediate (non-latching) and stored (latched) signals are marked on the chart with distinct shapes (circles, crosses, triangles, and diamonds) to differentiate between signal types.
- Real-Time Dashboard : A customizable dashboard table displays key metrics including ADX, oscillator value, chosen momentum mode, HMA trend, higher timeframe trend, volume factor, AI bias (if enabled), and more, allowing traders to quickly assess market conditions at a glance.
How to Use :
1. S ignal Interpretation :
- Immediate Signals : For traders who prefer quick entries, the indicator displays immediate signals such as “Strong Buy” or “Early Sell” based on the current market snapshot.
- Latched Signals : When latching is enabled, the indicator holds a signal state until a clear reversal is confirmed, offering sustained trade setups.
2. Trend Confirmation :
- Use the HMA trend indicator and the optional higher timeframe trend filter to confirm the prevailing market direction before acting on signals.
3. Dynamic Thresholds & AI Forecasting :
- Monitor the dynamically adjusted oscillator thresholds and, if enabled, the AI bias to gauge potential shifts in market momentum.
4. Risk Management :
- Combine these signals with additional analysis and sound risk management practices to determine optimal entry and exit points for scalping trades.
Disclaimer :
This script is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always perform your own analysis and use proper risk management strategies before trading.
Indicator
Scalping trading system based on 4 ema linesScalping Trading System Based on 4 EMA Lines
Overview:
This is a scalping trading strategy built on signals from 4 EMA moving averages: EMA(8), EMA(12), EMA(24) and EMA(72).
Conditions:
- Time frame: H1 (1 hour).
- Trading assets: Applicable to major currency pairs with high volatility
- Risk management: Use a maximum of 1-2% of capital for each transaction. The order holding time can be from a few hours to a few days, depending on the price fluctuation amplitude.
Trading rules:
Determine the main trend:
Uptrend: EMA(8), EMA(12) and EMA(24) are above EMA(72).
Downtrend: EMA(8), EMA(12) and EMA(24) are below EMA(72).
Trade in the direction of the main trend** (buy in an uptrend and sell in a downtrend).
Entry conditions:
- Only trade in a clearly trending market.
Uptrend:
- Wait for the price to correct to the EMA(24).
- Enter a buy order when the price closes above the EMA(24).
- Place a stop loss below the bottom of the EMA(24) candle that has just been swept.
Downtrend:
- Wait for the price to correct to the EMA(24).
- Enter a sell order when the price closes below the EMA(24).
- Place a stop loss above the top of the EMA(24) candle that has just been swept.
Take profit and order management:
- Take profit when the price moves 20 to 40 pips in the direction of the trade.
Use Trailing Stop to optimize profits instead of setting a fixed Take Profit.
Note:
- Do not trade within 30 minutes before and after the announcement of important economic news, as the price may fluctuate abnormally.
Additional filters:
To increase the success rate and reduce noise, this strategy uses additional conditions:
1. The price is calculated only when the candle closes (no repaint).
2. When sweeping through EMA(24), the price needs to close above EMA(24).
3. The closing price must be higher than 50% of the candle's length.
4. **The bottom of the candle sweeping through EMA(24) must be lower than the bottom of the previous candle (liquidity sweep).
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Alert function:
When the EMA(24) sweep conditions are met, the system will trigger an alert if you have set it up.
- Entry point: The closing price of the candle sweeping through EMA(24).
- Stop Loss:
- Buy Order: Place at the bottom of the sweep candle.
- Sell Order: Place at the top of the sweep candle.
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Note:
This strategy is designed to help traders identify profitable trading opportunities based on trends. However, no strategy is 100% guaranteed to be successful. Please test it thoroughly on a demo account before using it. Indicator
LNL Scalper ArrowsLNL Scalper Arrows
The indicator consist of various different types of candlestick patterns that are truly time tested by multiple veteran traders. These arrows are a combination of short-term scalping strategies taught by Linda Raschke & a trader that goes by name Quant Trade Edge. These strategies/patterns occur regularly within the markets. They offer high probability quick moves during the trending days. These four patterns are based on pure price action, no oscillators, no trend, no momentum indicators involved. Trend (ema) is there just as a simple trend gauge.
LNL Scalper Arrows were designed specifically for intra-day trading. Mostly useful for the futures but also stocks as well. These arrows can work anywhere between the fast-moving 512 or 1600 tick charts to a 1min, 2min and up to 5min or 10min charts.
Trend Gauge (Exponential Moving Average)
Nothing fancy just a classic EMA that can guide the direction of the short-term trend. I have added a custom coloring of the EMA that is based on a simple RSI filter. That should help to visualize the non-directional moments within the trend. Although the length is adjustable, for scalping it is better to focus on smaller periods such as 9, 13 or 20 or 34 but anything above 50 loses its purpose as a short-term trend gauge. Again, this is a scalping tool not a trend tool, you are not going to get rid of the fakeouts by increasing the period of the trend.
Tail Arrows (Eat the Tail Pattern)
Tail is a candlestick that is either a price rejection spike, or a flag continuation pattern on a lower time frame. A failed action. It is basically a candle with much bigger wick (shadow) of the candle than the actual body. Such candles are usually telling us about strong participation from the other side of the market. Eat the tail pattern occurs whenever the low of the Tail candle is immediately broken on a following candle "the tail is eaten alive". Such a breaks occurs in a most aggressive types of markets with a strong momentum. DO NOT try to trade this in a low volume or a ranging market. Tail Arrows are the most aggressive arrows & should be only used on the highest volume or a parabolic momentum markets.
Scalp Arrows (Scallop Pattern)
Known as Scallops or minor lows or highs, these patterns are the most common within the all scalper arrows. They occur regularly on 1min & 5min charts - basically everyday. Scallops provide the best possible risk to reward entry within the trend without the need of any indicators or oscillators. The Scallop Up 3 bar pattern consist of a high that is lower that the previous high but also low that is lower than the previous low. Scallop Up or a minor low triggers when the last high is broken, creating a three bar mountain or a peak within the 5 bar span.
Hoagie Arrows (Hoagie Pattern)
Hoagies occur way less often than any other scalping patterns. Hoagies represent two (or more) inside candles within the shadow of a first candle. Such a formation is creating a small compression or a range that sooner or later breaks out. The hoagie is triggered whenever the high or low of the shadow (first) candle is broken. The great thing about the hoagies is that they can work either way despite the trend direction. Although this indicator is coded for the 2 bar hoagies, there are no limitations on how much inside bars can hoagie include.
Umbrella Arrows (Umbrella Pattern)
Another really awesome 3 bar pattern that is really fun to trade. Umbrella occurs when the candle before the previous candle is a pin bar or a tail bar and the body of the previous candle is within the shadow or a wick of the candle before. The umbrella is triggered once the high or low of the previous bar is broken. Umbrellas are more frequent than Hoagies but occur much less than the Scallops.
Outside Bar Wedges (Outside Bar Pattern)
Pretty much self-explanatory candlestick pattern. Outside Bar is basically any bar that peaks outside of the both ends of the previous candle. So the range of the candle is higher & it looked beyond the high and beyond the low of the previous candle. These candles are signalizing the potenial momentum change. Ouside Bars usually occur at the tops or bottoms of the moves. I decided to add them because they can serve as a great addition to these scalping patterns.
Signal vs. SignalBreak Mode
The trigger can be viewed in two different ways:
1. Signal: Plots the trigger before the trigger bar, basically right when the pattern is formed but NOT YET triggered. The signal is triggered once the next candle break the high or low of the current candle.
2. SignalBrake: Plots the trigger after the break of the high or low of the actual pattern. It is basically a candle after the signal candle. (Signal is better for trading because it gives you time to prepare for the actual break of the high or low = the actual signal. SignalBrake is great for looking back in history only for the patterns that actually traded).
Pin Bar BTW Ratio
Pin Bar (Body-To-Wick) Ratio represents the size of the body of a pin bar candle for Eat the Tail and Umbrella patterns. Pin Bar BTW Ratio measures the ratio between the wick & the body of the candle. Ref. interval is 2.0 - 5.0 (ideal pin bar is 2.0 - 3.0 = the wick or a shadow is 2x - 3x bigger than the body of the candle)
ATR Stop & Target Labels
I also created three simple labels (tables) that can show you the ideal target & stop as well as the current ATR. Since LNL Scalper Arrows consist of high probability scalping patterns, a good rule of thumb to follow is to use a half of the current ATR as a target and a current ATR as a stop (or two times the target). So if the current 7 period ATR is 30 the target would be 15 pts. and a stop around 30 pts. With such a risk management you should aim for a win rate 70% or higher. Obviously you can adjust the risk management in the settings to your personal preference.
Low Range vs. High Range Markets
There are two major downsides with the Scalper Arrows:
1. You need volume and a volatility. These patterns really do struggle in ranging "boring" sideways action. It is absolutely crucial to recognize the current market environment and really stay cautions and (or completely out) in case the chop continues. Adding something like DMI can help you recognize the potential flat markets.
2. Not only do you need volume & momentum, you also need a decent range. This indicator works better on a rangy market such as NQ futures or YM. But are much tougher to trade on lower range markets such as some stocks or ZB futures or basically any other lower range market.
Hope it helps. Indicator
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