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
- 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 = (Pivot – BC) + Pivot
At the end of the course, students would be able to plot & follow the CPT like a PRO.