Breakout5m CandlesComplexity: Intermediate

Central Pivot Range (CPR) Virgin Test & Breakout

Calculates daily Top Central (TC), Pivot (P), and Bottom Central (BC) levels. Identifies Narrow CPR trending days and virgin CPR retest bounces for precise intraday entries.

Public & Generic Educational Strategy Notice: This strategy blueprint represents a publicly known mathematical formulation and standard technical analysis concept. Algo Software Innovations does NOT claim proprietary copyright, invention, or exclusive ownership over these formulas. You can adapt, customize, and deploy this logic to your private cloud VPS.

Mathematical Logic & Formula Formulation

Pivot = (H+L+C)/3, BC = (H+L)/2, TC = (Pivot - BC) + Pivot; Breakout = Close > Max(TC, BC)

Deterministic Entry Rules

Long Entry (BUY)

✓Daily CPR is Narrow (indicating high breakout potential).
✓Price breaks out above TC with a strong 5m candle close and VWAP support.

Short Entry (SELL)

✓Daily CPR is Narrow.
✓Price breaks below BC with a strong 5m candle close below VWAP.

Exit Criteria & Stop Loss Protection

Initial Stop LossCentral Pivot (P) level.

Target ProfitDaily R1 / R2 levels (approx 1.5% - 2.5%).

Risk/Reward Expectancy1 : 2.0

Strategy Configuration Specs

Market Segment:NSE Intraday Equities & Index F&O

Candle Timeframe:5m Candles

Risk-to-Reward Ratio:1 : 2.0

Throttling Compliance:≤ 10 OPS Enforced

Required TA-Lib Indicators:

Daily CPR (TC, Pivot, BC)Daily Floor Pivots (R1, S1)VWAP

Risk Management Controls

•Trades only taken on days with CPR Width < 0.35% of underlying price.

Target Trader Profile:Standard institutional intraday framework for Indian markets.