SuryaPrathap

CPR with Trend by Prathap

SuryaPrathap Premium Updated   
The Central Pivot Range ( CPR ) is an indicator to identify key price points to set up trades. CPR is beneficial for intraday trading.

The CPR consists of three components –
Pivot Points ( PP )
Bottom Central Pivot ( BC )
Top Central Pivot ( TC )

These are derived out of the underlying’s High, Low, and Close calculations –
Pivot = (High + Low + Close)/3
Bottom CPR = (High + Low)/ 2
Top CPR = ( PivotBC ) + Pivot

CPR helps you identify the S&R pattern
It is considered bullish if the current market price is higher than the UT line.
It is considered bearish if the current market price below the DT line.
Release Notes: Added SMA and EMA it will help user to identify trend with SMA or EMA

For example,
if 20 SMA above the 50 SMA and on the same time index or stock trading above CPR levels means up trend for intraday
if 20 SMA below the 50 SMA and on the same time index or stock trading below CPR levels means down trend for intraday
Release Notes: Improvements!
Release Notes: Improvement!

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