Cam+CPR+VWAP+ HVSD

The Cam+CPR+VWAP+ HVSD indicator is a comprehensive technical analysis tool that integrates Central Pivot Range (CPR), Camarilla levels, Volume Weighted Average Price (VWAP), and historical volatility standard deviation levels into a single interface. It aims to provide traders with a holistic view of key institutional levels, trend baselines, and volatility-based support and resistance zones for day and swing trading.

Usage

The tool is designed for multi-layered analysis. Traders can use the Daily/Weekly CPR to identify the "Pivot Zone," where price action relative to the TC (Top Central) and BC (Bottom Central) lines indicates the daily trend bias. The Camarilla Levels (H3-H6 and L3-L6) serve as specific exhaustion or breakout points, often used for mean reversion or trend following.

The HVSD (Historical Volatility Standard Deviation) levels provide dynamic price targets based on statistical volatility, helping to identify overextended market conditions. Additionally, the integrated Baseline and SSL features allow users to filter signals through various moving average types (e.g., JMA, EMA, HMA) to confirm trend direction and potential exit points.

Details

This script combines several classical trading concepts with modern quantitative adjustments:

• CPR & Camarilla: Standard floor pivot and Camarilla equations are used to derive daily and weekly institutional levels.
• Volatility Levels: The script calculates HVSD using a settlement source and lookback period to project standard deviation bands.
• Flexible Smoothing: It incorporates a wide array of moving average algorithms, including Jurik Moving Average (JMA), McGinley Dynamic, and EDSMA (Enhanced Digital Signal Processing Moving Average) for the baseline and SSL logic.
• Support/Resistance Channels: An automated pivot-based algorithm identifies historical S/R zones based on user-defined strength and loopback periods.

Settings

Levels & Pivots

• Show Daily/Weekly CPR: Toggles the display of Central Pivot Range levels.
• Show Daily/Weekly Camarilla: Toggles Camarilla H/L levels.
• Show Previous Day High / Low: Displays the high and low of the previous trading session.
• Plot VWAP: Enables or disables the Volume Weighted Average Price line.

Volatility & HVSD

• Use Daily Data for HV: Determines whether to use daily timeframes or chart timeframes for volatility calculations.
• Standard Deviation Levels: Enables 1x standard deviation projections.
• ATR Settings: Configures the period, multiplier, and smoothing type (RMA, SMA, EMA, WMA) for ATR bands.

Trend & Filters

• SSL1 / Baseline Type: Selects the smoothing algorithm (e.g., LSMA, VAMA, Kijun v2) for the primary trend line.
• Exit Type: Configures the moving average used for potential trade exit signals.
• Pivot Period: Defines the lookback used to identify pivot points for S/R channel generation.

FAQ

How do I use the CPR levels for trend bias?

If the price is trading above the CPR, the bias is generally considered bullish; if below, it is bearish. A narrow CPR often suggests a potential breakout, while a wide CPR suggests a sideways or range-bound market.

What is the difference between H3/L3 and H4/L4 Camarilla levels?

H3 and L3 are typically used as reversal levels for mean reversion trades. H4 and L4 are considered breakout levels; if price crosses these, a strong trend is expected to continue toward H5/L5 and H6/L6.

How can I access the Cam+CPR+VWAP+ HVSD indicator?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.