The Central Pivot Range (CPR) is absolutely, without a doubt, the most powerful part of the Floor Pivots indicator.
It has three lines, Upper line is called "TC", lower line is called "BC" and the Middle line is the "PP-Pivot Point"
Formula to Calculate CPR :
TC = (Pivot - BC) + Pivot
Pivot = (High + Low + Close)!3
BC = (High + Low)/2
At any given time,...
According to Franklin Ochoa , on of smooth riding trading strategy - Magnet trade. There is high probablity that CPR (central pivot range) acts as magnet for prices when:
a)price opens gaps up towards R1 and there is test of price at R1 level
b)price opened gap up to immediate resistance
c)previous day close is near to current day CPR
