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The Crypto Reaper Indicator

  • Writer: Sandra Wakefield
    Sandra Wakefield
  • 11 hours ago
  • 4 min read
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(Core logic, protections, and how to run it like a pro — concise edition)



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1) What it does

Prints BUY/SELL signals only when higher-timeframe bias, session window, structure confluence (FVG/OB + sweep), and CVD proxy divergence align, then overlays SL/TP targets (keeps only the last two sets) and shows a compact HUD.


2) Presets & Inputs (how to get realistic defaults fast)

Preset & Auto-apply

  • Preset: Crypto, Forex, Metals, Indices

  • Apply Preset Automatically: sets sensible defaults for session hours, CVD smoothing, FVG lookback, ATR buffer, and TP/SL multiples per asset class.

HTF Filters

  • Enable HTF Bias Filter → uses H4 SMA (200 or 20) and Daily SMA (50 by default).

    • Long bias: price > H4 SMA and price > Daily SMA

    • Short bias: price < both

    • Disable to allow counter-trend entries (not recommended intraday).

Session / Execution Window

  • Limit Signals to Session, Timezone, Session (HHMM-HHMM), Days.

    • Presets:

      • Crypto: 24/7 (filters off)

      • Forex: 08:00–17:00 London (Mon–Fri)

      • Metals: 08:00–17:00 New York (Mon–Fri)

      • Indices: 09:30–16:00 New York (Mon–Fri)

Structure & Confluence

  • Require Recent FVG/OB: needs a recent 3-bar FVG zone or a simple OB approximation.

  • Require Liquidity Sweep: needs a wick through the most recent swing high/low (pivot-based) and close back inside.

  • Displacement ATR Multiplier: minimum body size vs ATR to qualify an OB.

CVD Proxy Divergence

  • Require CVD Divergence: bullish = price makes lower low while CVD makes higher low; bearish = price higher high while CVD lower high.

  • CVD Smoothing: SMA on cumulative (volume × candle direction).

Signals / HUD

  • Toggle plotting and HUD; choose corner.

SL/TP Overlay

  • Stop Method: OB+ATR (contextual) or ATR only (mechanical).

  • ATR Buffer for SL (e.g., 0.5 ATR), TP1 (R), TP2 (R) (e.g., 1.5R / 3R).


3) Entry logic (what must be true to fire a signal)

Shared gatekeepers

  • HTF Bias matches direction (unless filter disabled).

  • In Session (unless session filter disabled).

  • Structure OK:

    • If Require Recent FVG/OB is ON → must be inside a recent Bull FVG or Bull OB (for longs) / Bear FVG or Bear OB (for shorts).

  • Liquidity Sweep (if ON):

    • Long: sweep prior swing low and close above it.

    • Short: sweep prior swing high and close below it.

  • CVD Divergence (if ON): pivot-based bullish/bearish divergence.

  • Trigger Candle: Engulfing pattern in the trade direction.

  • Bar Confirmation: signals only on confirmed bars (barstate.isconfirmed) to avoid intra-bar flicker.

Final conditions

  • Long: Bias Long ∧ In-session ∧ (FVG/OB ok) ∧ (Sweep ok) ∧ (Bullish CVD div) ∧ Bullish engulfing.

  • Short: Bias Short ∧ In-session ∧ (FVG/OB ok) ∧ (Sweep ok) ∧ (Bearish CVD div) ∧ Bearish engulfing.


4) Risk model (overlayed automatically)

On each signal (confirmed bar):

  1. Entry at close.

  2. Stop-Loss (SL)

    • OB+ATR: uses nearest OB boundary (or last pivot) ± ATR buffer.

    • ATR only: entry ± ATR buffer.

  3. Targets: TP1 = R × risk, TP2 = R × risk (R from entry–SL distance).

  4. Chart hygiene: script keeps only the last two SL/TP sets (and trims labels) to stay uncluttered.

Tip: For noisier assets (alts), use larger ATR buffer and slightly lower TP1 (e.g., 1.3R). For indices/metals, keep buffers tighter but respect session filter.

5) Protections (why false signals are filtered)

  • HTF Bias Filter: avoids fighting the prevailing 4H/D trend.

  • Session Filter: restricts to liquid hours; reduces chop/slippage.

  • Structure Confluence: requires recent FVG or OB context → trades are taken at value zones, not in the middle of nowhere.

  • Liquidity Sweep: demands a stop-run then reclaim — a high-quality reversal/continuation tell.

  • CVD Proxy Divergence: volume-direction proxy must disagree with price extremes → filters late/chasing entries.

  • Engulfing Trigger: ensures decisive intent from participants.

  • Bar Confirmation: no intra-bar repaint of signals; pivots confirm by definition.


6) HUD & Alerts

  • HUD shows: Preset, HTF Bias, Session status, FVG/OB status, Sweep status, CVD divergence state, SL/TP R-multiples, and Session TZ.

  • Unified Alerts:

    • CRP: BUY / CRP: SELL with ticker, timeframe, and close price.

    • Use these for webhook/automation or notifications.


7) Tuning guidelines (per asset class)

Crypto

  • Often 24/7: leave session filter OFF (default).

  • Volatile pairs → CVD Smooth 5–9, ATR Buffer 0.5–0.8, TP1 1.3–1.8R, TP2 2.5–3.5R.

Forex (majors)

  • Focus London/NY windows; keep session ON.

  • CVD Smooth 7–11, ATR Buffer 0.4–0.6, TP1 1.2–1.6R, TP2 2.0–2.8R.

Metals (XAU/XAG)

  • NY day is king; session ON.

  • CVD Smooth 7–9, ATR Buffer 0.7–0.9, TP1 1.5R, TP2 3R.

US Indices

  • Cash session ON (09:30–16:00 NY).

  • CVD Smooth 7–9, ATR Buffer 0.8–1.0, TP1 1.5R, TP2 3R.


8) Best-practice playbook

  1. Top-down: confirm HTF structure; leave the HTF filter ON unless specifically testing counter-trend scalps.

  2. Trade at edges: prefer signals that touch/enter FVG/OB boundaries.

  3. Respect the sweep: if sweep didn’t happen, skip marginal setups (it’s a high-value filter).

  4. Adapt ATR buffer: widen during news/volatility; tighten in calm regimes.

  5. Scale-out optionality: many pros take partials at TP1 and trail or hold runner to TP2 (manage this externally; script plots levels).

  6. Test by market: presets are starting points — forward test each symbol/timeframe before going live.


9) Repainting & data caveats

  • Signals: printed only on confirmed bars, so they do not repaint.

  • Pivots: by design confirm after phRight bars; once confirmed, they’re fixed.

  • CVD Proxy: uses cumulative (volume × direction) with SMA; venue/volume quality varies across symbols/exchanges.

  • Sessions: ensure your chart’s exchange vs. session timezone is correctly set to match expectations.


10) Troubleshooting (fast)

  • No signals?

    • You’re probably over-filtered. Temporarily turn OFF CVD or Sweep to isolate. Confirm in-session and HTF bias.

  • Too many signals?

    • Turn ON FVG/OB and Sweep; raise displacement ATR multiplier; increase CVD smoothing.

  • Levels look too tight/loose?

    • Adjust ATR buffer and/or switch Stop Method.


11) Safe-use reminder

This is an analysis tool, not financial advice. Always forward-test, size conservatively, and use hard stops.


 
 
 

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