TWT_CPR — Indicator by TheWiseTraders

2035 views

pivotpoints pivot twt thewisetraders pcr

If Previous Close is above today's CPR Range then BUY
If Previous Close is below today's CPR Range then SELL

Release Notes: Every Morning with the Market Open you need to observe below conditions :

Valid only for Intraday Trades

Time frame can be any:
Preferred Time Frame: 5 Min

1. If a GREEN Arrow at first candle of the 5 Minute session then it is a BUY signal
Wait for right entry to enter BUY or use TWT_Levels to know how to use levels to Enter BUY
Try to BUY the scrip near to PCR range only and Stoploss will be the Price coming down below PCR

2. If a RED Arrow at first candle of the 5 Minute session then it is a SELL signal
Wait for right entry to enter SELL or use TWT_Levels to know how to use levels to Enter SELL
Try to SELL the scrip near to PCR range only and Stoploss will be the Price coming down above PCR

3. No Arrow at first candle of session means no valid setup has been found , use TWT_Levels to trade on that day

TWT_PCR will help you to know whether to sit in BUY or SELL
TWT_Levels will help you to find the correct Levels to BUY and SELL

Combining both of them will give super results.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Dear TheWiseTraders

Thanks For Your Support and Sharing,

How Abaut to Calculate 2 days CPR And Next Day CPR Calculation?Could You Work on it to show any pinescript ,Wish to have from you..

Best Wishes...

Reply