OPEN-SOURCE SCRIPT
Ahmad Ali Khan CPR Strategy
Ahmad Ali Khan's CPR Strategy:
Multi-Timeframe Analysis:
Uses Daily CPR Levels for key support/resistance
Includes Weekly Open Price as important reference
20-period EMA for trend direction filter
Entry Conditions:
Longs: Price > TC + Bullish Market Phase + Volume confirmation
Shorts: Price < BC + Bearish Market Phase + Volume confirmation
Optional RSI divergence confirmation
Advanced Risk Management:
Dynamic stop-loss based on CPR width
Asymmetric reward ratios (1.5:1 for longs, 1.5:1 for shorts)
Volume filter to confirm breakout validity
Momentum Confirmation:
RSI divergence detection
Volume must be above 20-period average
Price must close beyond CPR boundaries
How to Use This Strategy:
Trend Identification:
Trade only in direction of EMA trend (price above/below 20 EMA)
Confirm with weekly open price alignment
CPR Breakouts:
Wait for price to close beyond TC/BC with volume
Look for RSI divergence for extra confirmation
Trade Management:
Place stops below BC (longs) or above TC (shorts)
Target next CPR level or 1.5x CPR width
Customization Options:
Adjust CPR timeframes (daily/weekly)
Modify EMA length for trend sensitivity
Toggle RSI divergence confirmation
Change risk/reward ratios based on volatility
This strategy combines Khan's focus on CPR levels with price action confirmation and momentum filters. It works best on 15-minute to 4-hour timeframes for day trading and swing trading. For optimal results, combine with:
Multi-Timeframe Analysis:
Uses Daily CPR Levels for key support/resistance
Includes Weekly Open Price as important reference
20-period EMA for trend direction filter
Entry Conditions:
Longs: Price > TC + Bullish Market Phase + Volume confirmation
Shorts: Price < BC + Bearish Market Phase + Volume confirmation
Optional RSI divergence confirmation
Advanced Risk Management:
Dynamic stop-loss based on CPR width
Asymmetric reward ratios (1.5:1 for longs, 1.5:1 for shorts)
Volume filter to confirm breakout validity
Momentum Confirmation:
RSI divergence detection
Volume must be above 20-period average
Price must close beyond CPR boundaries
How to Use This Strategy:
Trend Identification:
Trade only in direction of EMA trend (price above/below 20 EMA)
Confirm with weekly open price alignment
CPR Breakouts:
Wait for price to close beyond TC/BC with volume
Look for RSI divergence for extra confirmation
Trade Management:
Place stops below BC (longs) or above TC (shorts)
Target next CPR level or 1.5x CPR width
Customization Options:
Adjust CPR timeframes (daily/weekly)
Modify EMA length for trend sensitivity
Toggle RSI divergence confirmation
Change risk/reward ratios based on volatility
This strategy combines Khan's focus on CPR levels with price action confirmation and momentum filters. It works best on 15-minute to 4-hour timeframes for day trading and swing trading. For optimal results, combine with:
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