Simple CPR Indicator to increase probability of profitable trades: The Central Pivot Range (CPR) is a trading tool used by traders to identify potential support and resistance levels in the market. Here's a simplified explanation of how traders can potentially profit using the Central Pivot Range with 10 lines: 1. *Understanding CPR*: CPR consists of...
This script is based on the Secret of Pivot Boss book by Frank Ochoa. Suitable for Intraday Trading. You can view the Daily timeframe CPR / support/resistance. You can view the Weekly timeframe CPR / support/resistance. You can view the Monthly timeframe CPR / support/resistance. You can also view Previous Day High/Low. You can also view Previous Week...
This indicator is based on the Pivot study. Traders will be able to plot CPR, Standard floor pivots as well as Camarilla Pivots on multiple timeframes. Why pivots from multiple timeframes are relevant and included in this one indicator? We can analyse pivots on multiple timeframes for different trading setups. As in, Daily floor pivots are best suited for...