OPEN-SOURCE SCRIPT
Nilesh Combo CPR & EMA 9/15/20/200
This versatile indicator combines key market analysis tools into one streamlined script for efficient trading insights. It includes:
CPR (Central Pivot Range): Displays tomorrow's pivot levels (Top Central, Pivot, and Bottom Central) using a "Lines with Breaks" style for easy identification of support and resistance zones.
Exponential Moving Averages (EMA): Tracks price trends with four EMAs (9, 15, 20, and 200) colored for clarity:
EMA 9 (Green) for short-term trends.
EMA 15 (Red) for medium-term trends.
EMA 20 (Cyan) for additional confirmation.
EMA 200 (Blue) for long-term trend direction.
VWAP (Volume Weighted Average Price): Highlights the average price weighted by volume, shown in orange (#f57f17), for tracking institutional activity.
Ideal for intraday and swing traders, this indicator aids in identifying price trends, key levels, and potential reversals.
CPR (Central Pivot Range): Displays tomorrow's pivot levels (Top Central, Pivot, and Bottom Central) using a "Lines with Breaks" style for easy identification of support and resistance zones.
Exponential Moving Averages (EMA): Tracks price trends with four EMAs (9, 15, 20, and 200) colored for clarity:
EMA 9 (Green) for short-term trends.
EMA 15 (Red) for medium-term trends.
EMA 20 (Cyan) for additional confirmation.
EMA 200 (Blue) for long-term trend direction.
VWAP (Volume Weighted Average Price): Highlights the average price weighted by volume, shown in orange (#f57f17), for tracking institutional activity.
Ideal for intraday and swing traders, this indicator aids in identifying price trends, key levels, and potential reversals.
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