You don't need to pay someone ₹50,000 or even ₹25,000 to know CPR Indicator.
This thread will show you how...for Free.
Here's My 16-Points For Using CPR Indicator Into A Profitable System in Intraday Trading:
Thread 🧵
The Central Pivot Range (CPR) indicator is a technical analysis tool that is used by traders to help identify potential trading opportunities
The CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits
(1/N)
CPR is developed by Frank Ochoa. It is similar to Pivot Points but with additional lines (TC & BC).
As per Frank,
CPR is the Swiss Army Knife of pivots, and Like the Moon, the central pivot range controls the tides of the market.
(2/N)
Pivot Points Formula
Pivot point (PP) = (High + Low + Close) / 3
R1 = (2 x PP) – Low
S1 = (2 x PP) – High
R2 = PP + (High – Low)
S2 = PP – (High – Low)
(3/N)
CPR Indicator Formula
The CPR Indicator consists of 3 components:
Pivot = (High + Low + Close)/3
BC = (High + Low)/ 2
TC = (Pivot – BC) + Pivot
(4/N)
