CPR with Trend by Prathap
The Central Pivot Range ( CPR ) is an indicator to identify key price points to set up trades. CPR is beneficial for intraday trading.
The CPR consists of three components –
Pivot Points ( PP )
Bottom Central Pivot ( BC )
Top Central Pivot ( TC )
These are derived out of the underlying’s High, Low, and Close calculations –
Pivot = (High + Low + Close)/3
Bottom CPR = (High + Low)/ 2
Top CPR = ( Pivot – BC ) + Pivot
CPR helps you identify the S&R pattern
It is considered bullish if the current market price is higher than the UT line.
It is considered bearish if the current market price below the DT line.
The CPR consists of three components –
Pivot Points ( PP )
Bottom Central Pivot ( BC )
Top Central Pivot ( TC )
These are derived out of the underlying’s High, Low, and Close calculations –
Pivot = (High + Low + Close)/3
Bottom CPR = (High + Low)/ 2
Top CPR = ( Pivot – BC ) + Pivot
CPR helps you identify the S&R pattern
It is considered bullish if the current market price is higher than the UT line.
It is considered bearish if the current market price below the DT line.