Close Range Pressure (CRP)

Quantifies buy vs sell pressure by analyzing the position of the candle close within its high-low range. Close near high indicates aggressive buy flow; near low indicates aggressive sell flow. Sums weighted closes over a configurable lookback to produce a directional imbalance score. Useful for crypto swing trading on 4H to daily charts to infer order flow pressure without volume or order book data.

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Inputs

Outputs / plots

Latest changelog

Initial release.

Version history

let range = high - low
let close_pos = if(range == 0, 0.5, (close - low) / range)  // normalized close position in range [0,1]
let weighted_close = close_pos - 0.5  // center at zero: positive = buy pressure, negative = sell pressure
let crp_raw = sum(weighted_close, lookback)
let crp_smooth = ema(crp_raw, smooth_len)
let crp_signal = ema(crp_smooth, signal_len)
let crp_hist = crp_smooth - crp_signal
plot("crp", crp_smooth)
plot("signal", crp_signal)
plot("histogram", crp_hist)
event("buy_pressure", crossover(crp_hist, 0))
event("sell_pressure", crossunder(crp_hist, 0))

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