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Centralpivotrange

Learn Trading with LeeGa CPR Indicator CPR Indicator helps you analyze the market in a very simple and effective way. No complex formula or analysis is required for market analysis. Here we can see that with the help of Leega CPR indicator we can clearly identify key areas for trading on the chart, like Virgin CPR, Narrow range CPR, PDH reversal and Value Area identification. If we are able to mark out these areas in out our daily chart, then we could have easily identified three very easy opportunity to trade on this particular day.
NSE:NIFTY1!
by LeeGa_Finalysis
3
CPR - Central Pivot Range Trading ConceptThe 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, the range can be support or resistance, it can forecast trending or sideways price behavior, dictate the day's direction, or serve as an integral part of a trend. By seeing the gap/width between TC & BC we will be able to know how the session is going to be i.e "Trending / Sideways". If the Gap is very Narrow we can expect Trending market either side. If the Gap is wide that particular session will Volatile / Rangebound market. There are 7 CPR - Two day relationship concepts available which will indicate you the next day trend direction. (Comparing the Current session CPR with Previous Session CPR where the three lines are formed and its relationship.) Higher Value = Bullish Overlapping Higher Value = Moderately Bullish Lower Value = Bearish Overlapping Lower Value = Moderately Bearish Unchanged value = Sideways / Breakout Outside Value = Sideways Happy Trading, Follow me for more updates, education details, concepts and ideas.
NSE:NIFTYEducation
by ViVenTraders
7