CDP - Counter-Directional-Pivot

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🎯 CDP - Counter-Directional-Pivot

📊 Overview
The Counter-Directional-Pivot (CDP) indicator calculates five critical price levels based on the previous day's OHLC data, specifically designed for multi-timeframe analysis. Unlike standard pivot points, CDP levels are calculated using a unique formula that identifies potential reversal zones where price action often changes direction.

⚡ What Makes This Script Original
This implementation solves several technical challenges that existing pivot indicators face:

• 🔄 Multi-Timeframe Consistency: Values remain identical across all timeframes (1m, 5m, 1h, daily) - a common problem with many pivot implementations
  
• 🔒 Intraday Stability: Uses advanced value-locking technology to prevent the "stepping" effect that occurs when pivot lines shift during the trading session
  
• 💪 Robust Data Handling: Optimized for both liquid and illiquid stocks with enhanced data synchronization
  

🧮 CDP Calculation Formula
The indicator calculates five key levels using the previous day's High (H), Low (L), and Close (C):

CDP = (H + L + C) ÷ 3

(Central Decision Point)

AH = 2×CDP + H – 2×L

(Anchor High - Strong Resistance)

NH = 2×CDP – L

(Near High - Moderate Resistance)

AL = 2×CDP – 2×H + L

(Anchor Low - Strong Support)

NL = 2×CDP – H

(Near Low - Moderate Support)

✨ Key Features

🎨 Visual Elements

• 📈 Five Distinct Price Levels: Each with customizable colors and line styles
  
• 🏷️ Smart Label System: Shows exact price values for each level
  
• 📋 Optional Value Table: Displays all levels in an organized table format
  
• 🎯 Clean Chart Display: Minimal visual clutter while maximizing information
  

⚙️ Technical Advantages

• 🔐 Session-Locked Values: Prices are locked at market open, preventing intraday shifts
  
• 🔄 Multi-Timeframe Sync: Perfect consistency between daily and intraday charts
  
• ✅ Data Validation: Built-in checks ensure reliable calculations
  
• 🚀 Performance Optimized: Efficient code structure for fast loading
  

💼 Trading Applications

• 🔄 Reversal Zones: AH and AL often act as strong turning points
  
• 💥 Breakout Confirmation: Price movement beyond these levels signals trend continuation
  
• 🛡️ Risk Management: Use levels for stop-loss and take-profit placement
  
• 🏗️ Market Structure: Understand daily ranges and potential price targets
  

📚 How to Use

🚀 Basic Setup

1. Add the indicator to your chart (works on any timeframe)
   
2. Customize colors for easy identification of support/resistance zones
   
3. Enable the value table for quick reference of exact price levels
   

📈 Trading Strategy Examples

• 🟢 Long Bias: Look for bounces at NL or AL levels
  
• 🔴 Short Bias: Watch for rejections at NH or AH levels
  
• 💥 Breakout Trading: Enter positions when price decisively breaks through anchor levels
  
• ↔️ Range Trading: Use CDP as the central reference point for range-bound markets
  

🎯 Advanced Strategy Combinations
RSI Integration for Enhanced Signals: 📊

• 📉 Oversold Bounces: Combine RSI below 30 with price touching AL/NL levels for high-probability long entries
  
• 📈 Overbought Rejections: Look for RSI above 70 with price rejecting AH/NH levels for short opportunities
  
• 🔍 Divergence Confirmation: When RSI shows bullish divergence at support levels (AL/NL) or bearish divergence at resistance levels (AH/NH), it often signals stronger reversal potential
  
• ⚡ Momentum Confluence: RSI crossing 50 while price breaks through CDP can confirm trend direction changes
  

⚙️ Configuration Options

• 🎨 Line Customization: Adjust width, style (solid/dashed/dotted), and colors
  
• 👁️ Display Preferences: Toggle individual levels, labels, and value table
  
• 📍 Table Position: Place the value table anywhere on your chart
  
• 🔔 Alert System: Get notifications when price crosses key levels
  

🔧 Technical Implementation Details

🎯 Data Reliability
The script uses

request.security()

with lookahead settings to ensure historical accuracy while maintaining real-time functionality. The value-locking mechanism prevents the common issue where pivot levels shift during the trading day.

🔄 Multi-Timeframe Logic

• ⏰ Intraday Charts: Display previous day's calculated levels as stable horizontal lines
  
• 📅 Daily Charts: Show current day's levels based on yesterday's OHLC
  
• 🔍 Consistency Check: All timeframes reference the same source data
  

🤔 Why CDP vs Standard Pivots?
Counter-Directional Pivots often provide more accurate reversal points than traditional pivot calculations because they incorporate the relationship between high/low ranges and closing prices more effectively. The formula creates levels that better reflect market psychology and institutional trading behaviors.

💡 Best Practices

• 💧 Use on liquid markets for most reliable results
  
• 📊 RSI Combination: Add RSI indicator for overbought/oversold confirmation and divergence analysis
  
• 📊 Combine with volume analysis for confirmation
  
• 🔍 Consider multiple timeframe analysis (daily levels on hourly charts)
  
• 📝 Test thoroughly in paper trading before live implementation
  

💪 Example Market Applications

• AAPL AAPL - Tech stock breakouts through AH levels
  
• $NYSE:SPY SPY - Index trading with CDP range analysis
  
• TSLA TSLA - Volatile stock reversals at AL/NL levels
  

⚠️ This indicator is designed for educational and analytical purposes. Always combine with proper risk management and additional technical analysis tools.

21 小時前

發行說明

🔧 UPDATE: Critical Fixes & Pine v6 Upgrade

Key Improvements:
• Fixed Label Duplication: Resolved issue causing unreadable label clusters in short timeframes (1min charts)
• Pine Script v6: Updated to latest Pine version for better performance and compatibility
• Optimized Memory Usage: Cleaner object management prevents visual clutter

Result: ✅ Clean, professional chart display in all timeframes

Essential update for all CDP users!