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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
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。