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Central Pivot Range AB
Central Pivot Range (CPR) is a technical analysis tool used in trading to identify potential support and resistance levels.
It's calculated using the previous day's high, low, and closing prices and consists of three levels: Pivot Point, Top CPR, and Bottom CPR. If the CPR for each trading session is getting higher (and also the price is trading above it) then it denotes bullish bias and vice versa for bearish. And the width of the CPR (i.e., distance between top and bottom pivot) denotes the volatility of the session.
If the CPR width is narrow, we can expect a trending or volatile trading session. If it's wide, then we can expect a range bound or sideways trading session.
Support and Resistance levels can be used as a profit booking zone or to add/reduce position sizing.
In this Indicator you have the following:
1. CPR with traditional and Camarilla support and resistance levels (S1-S4 & R1-R4).
2. Developing CPR for next trading day, week, month, 6 month and year.
3. Customizable lookback period, line width.
4. Option to show/hide labels, prices, SR levels, developing CPR.
5. S1, R1 for Developing CPR
It's calculated using the previous day's high, low, and closing prices and consists of three levels: Pivot Point, Top CPR, and Bottom CPR. If the CPR for each trading session is getting higher (and also the price is trading above it) then it denotes bullish bias and vice versa for bearish. And the width of the CPR (i.e., distance between top and bottom pivot) denotes the volatility of the session.
If the CPR width is narrow, we can expect a trending or volatile trading session. If it's wide, then we can expect a range bound or sideways trading session.
Support and Resistance levels can be used as a profit booking zone or to add/reduce position sizing.
In this Indicator you have the following:
1. CPR with traditional and Camarilla support and resistance levels (S1-S4 & R1-R4).
2. Developing CPR for next trading day, week, month, 6 month and year.
3. Customizable lookback period, line width.
4. Option to show/hide labels, prices, SR levels, developing CPR.
5. S1, R1 for Developing CPR
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.