The CPR consists of three components –
( PP )
Bottom Central ( BC )
Top Central ( TC )
These are derived out of the underlying’s High, Low, and Close calculations –
= (High + Low + Close)/3
Bottom CPR = (High + Low)/ 2
Top CPR = ( – BC ) +
CPR helps you identify the S&R pattern
It is considered if the current market price is higher than the UT line.
It is considered if the current market price below the DT line.
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