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Pivotrange

CPR By Ask Dinesh Kumar(ADK)Simple CPR Indicator to increase probability of profitable trades: The Central Pivot Range (CPR) is a trading tool used by traders to identify potential support and resistance levels in the market. Here's a simplified explanation of how traders can potentially profit using the Central Pivot Range with 10 lines: 1. *Understanding CPR*: CPR consists of three lines: the pivot point (PP), upper resistance level (R1), and lower support level (S1). Additionally, traders often add five more of profitable tradeslines above and below the PP to create a 10-line CPR. 2. *Identify Trend*: Determine the prevailing market trend. If the market is bullish, traders will look for buying opportunities near support levels. If the market is bearish, they'll seek selling opportunities near resistance levels. 3. *Entry Points*: Look for entry points near the support (S1) or resistance (R1) levels within the CPR. These levels can act as potential turning points where price may reverse. 4. *Risk Management*: Set stop-loss orders to manage risk. Stop-loss orders should be placed slightly below support levels for long positions and slightly above resistance levels for short positions. 5. *Profit Targets*: Determine profit targets based on the distance between entry point and the next support or resistance level. Some traders use a risk-reward ratio to ensure potential profits outweigh potential losses. 6. *Confirmation*: Use additional technical indicators or price action patterns to confirm potential entry or exit points within the CPR. 7. *Monitor Price Action*: Continuously monitor price action around the CPR levels. Traders should be prepared to adjust their positions if price breaks through support or resistance levels convincingly. 8. *Trade Management*: Once in a trade, actively manage it by adjusting stop-loss orders, trailing stops, or taking partial profits as price moves in the desired direction. 9. *Market Conditions*: Consider broader market conditions, such as economic indicators, geopolitical events, or news releases, which can impact price movements and the effectiveness of CPR. 10. *Practice and Analysis*: Practice using CPR on historical price charts and analyze past trades to refine strategies and improve decision-making skills. Remember, trading involves risks, and no strategy guarantees profits. It's essential to thoroughly understand the concepts behind CPR and practice disciplined risk management to increase the likelihood of successful trades. How does central pivot range work: Sure here's a concise explanation of how the Central Pivot Range (CPR) works in 10 points: 1. *Calculation*: CPR is calculated using the previous day's high (H), low (L), and close (C) prices. 2. *Pivot Point (PP)*: The central point of CPR is the average of the previous day's high, low, and close prices: PP = (H + L + C) / 3. 3. *Upper Resistance Levels (R1, R2, R3)*: These are potential price levels above the pivot point where resistance may occur. They are calculated by adding a multiple of the range (H - L) to the pivot point: R1 = (2 * PP) - L, R2 = PP + (H - L), R3 = PP + 2 * (H - L). 4. *Lower Support Levels (S1, S2, S3)*: These are potential price levels below the pivot point where support may occur. They are calculated similarly to resistance levels but subtracting multiples of the range from the pivot point: S1 = (2 * PP) - H, S2 = PP - (H - L), S3 = PP - 2 * (H - L). 5. *Trading Signals*: Traders use CPR to identify potential support and resistance levels where price may reverse or stall. 6. *Range Bound Markets*: In range-bound markets, traders may buy near support levels (S1, S2, S3) and sell near resistance levels (R1, R2, R3). 7. *Breakout Trading*: When price breaks through a CPR level convincingly, it may indicate a potential trend continuation or reversal, providing breakout trading opportunities. 8. *Volume and Momentum*: Traders often look for confirmation from volume and momentum indicators when price approaches CPR levels. 9. *Intraday Trading*: CPR can be applied to intraday timeframes as well, providing shorter-term traders with potential trading levels for the day. 10. *Dynamic Indicator*: CPR is dynamic and recalculates daily based on new price data, allowing traders to adapt their strategies to current market conditions. Understanding how to interpret CPR levels and integrate them into a trading strategy can help traders identify potential entry and exit points in the market.
Pine Script®指標
由ASK_Dinesh_Kumar提供
17
Central Pivot Range 2xBased on a modified Hancock Pivot Range. Displays the Central Pivot Range for 2 customisable Timeframes Along with Targets which are based on Classic Pivot Point Extensions. The Pivot Point Extensions are Extended to the right of the price chart which helps eliminate unnecessary clutter TF1 Displays Right Extensions R3 to S3 + the pivot point TF2 Displays only Right Extensions R2 to S2 I would have liked to have provided more Right Extensions plus Labels however that would have exceeded Tradingviews memory limits, having said that R3 to S3 for both timeframes can still be displayed as historical levels Central Pivot Range High Low and Mid Levels + the Targets work great as Support and Resistance and help with analysing the trend A Thick Central Pivot Range generally indicates consolidation whereas a Thin Central Pivot Range generally indicates a trending market
Pine Script®指標
由Lij_MC提供
10
Kviateq - Session PivotsFirst of all, I must say that this script wouldn't be possible without the help of one of the best script developers on TradingView - @ahancock (thanks a bunch for your help) This script draws opening ranges for each of the sessions - Tokyo, London and New York and plots session high, low and pivot range of the previous session. So if you trade London session - you would only take longs if we're above the Tokyo pivot range and vice versa for shorts. Often times previous session's highs act as resistance and lows act as support, so careful trading around those levels. It is obviously meant for lower timeframes, since each of the sessions only lasts a few hours. Default settings are set to the exchange that I use and my timezone (GMT +7), so you might need to adjust the settings accordingly. Tokyo - 12am GMT London - 7am GMT New York - 12pm GMT
Pine Script®指標
由hundredtoamillion提供
20
CPR WidthThe indicator shows the width of the Central Pivot Range. Frank Ochoa call it It Pivot Range Histogram in his book. Use it in conjunction with the Central Pivot Range indicator. Below is the interpretation of the reading. CPR Width > 0.5 - Sideways or Trading Range Day, CPR Width > 0.75 - increases the likelihood of sideways trading behavior, CPR Width < 0.5 - Trending type of day, CPR Width < 0.25 - increases the likelihood of a trending market. The above reading only increases the likely-hood of the possibility and not always right.
Pine Script®指標
由UnknownUnicorn5882959提供
40
The Multi-day Central Pivot RangeThe indicator is a Multi-day CPR. It shows CPR range as per yesterday's HLC and also CPR range for last n number of trading sessions. For example: If you mention the value as two in Multi-day CPR (blue color) then it calculates the CPR using HLC of the last two trading sessions. Also, the daily CPR is designed in such a way to highlight Virgin CPR (purple color) separately from the normal CPR(fuchsia color) .
Pine Script®指標
由UnknownUnicorn5882959提供
33
(JS) Multi-Time Frame Pivot Point DetectorSick of flipping through Pivot Point settings to change the time frame? Or to hide certain ones because it screws up the auto-zoom? Or are you just wishing there was something out there that was simple and effective? Well - me too, that's why I made this automatic Pivot Points detector. Right now it only goes to S3/R3 (will expand in the future), but I made this specifically for my day trading template. So this automatically detects the nearest Pivot Points above and below price - and it does Daily, Weekly, and Monthly, so there should be 6 lines showing at all times. Speaking of which.... Blue - Daily Green - Weekly Red- Monthly You'll also notice a really thick line will appear time to time - that thick line (on all time frames is the Pivot line, so obviously above it is the resistance lines and below it lies the support lines. All you have to do is turn it on and you'll be completely aware of your surroundings across multiple time frames all at once, hope you like it!
Pine Script®指標
由J-Streak提供
4