The Conceptive Price Moving Average (CPMA) is a technical indicator designed to provide a more accurate moving average of the price by using the average of various price types, such as open, close, high, low, etc. The CPMA can help to smooth out the noise and provide a clearer picture of the overall trend by taking the average of the last 3 candles for each price type and then calculating the average of those averages.
To use the CPMA for generating buy/sell signals, you can look for crossovers of the CPMA and other commonly used moving averages, such as the 9-period EMA, 20-period EMA, 50-period EMA, 100-period EMA, and 200-period EMA, which are also plotted on the chart. When the CPMA crosses above a shorter-term moving average, such as the 9-period EMA or 20-period EMA, it can indicate a potential buy opportunity, while when the CPMA crosses below a shorter-term moving average, it can indicate a potential sell opportunity.
Based on my analysis of BankNifty and Nifty, I have found that the CPMA works best at a length of 21, showing good resistance and support for stocks. Therefore, I recommend using a length of 21 when using the CPMA for generating buy/sell signals.
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.