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CPR

Pivot RSI - A trading strategy using Pivots Rel StrengthThis strategy uses a new concept called Relative Strength of Pivots. The concept emanates from the fact that the market weakness starts from bottom to top when it comes to pivot as against top to bottom in conventional indicators. It signals long if the daily pivot shows better strength than monthly pivots and short if the daily pivot shows weaker strength than monthly pivots. The Strength of pivots is defined better if : a) if relative strength of lower pivots are higher than higher pivots or crosses higher pivots. b) if relative strength of lower pivots are sloping upwards and is above mid point (50). This strength of pivots is combined with pivot shift indicator for additional confirmation which means that if pivot shift indicator is sloping upwards and the strength of pivots satisfies the above definition, then the long is signalled. How to use this in trading? The best way is to have this indicator along with the following a) 50 period ema b) 200 period ema c) Daily CPR / Weekly pivot / monthly pivot (MUPS indicator preferred - Please refer to the same in public library) d) Pivot Shift Indicator (IndianPivotBossPivotShiftIndicator - Please refer to the same in public library) When a long is signalled, ensure that there are no immediate nearby resistances in the form of EMAs or Pivots. Similarly when a short is signalled, ensure that there are no immediate nearby supports in the form of EMAs or Pivots. In other words when a long is signalled and if there is a nearby resistance, just wait for the resistance to break convincingly before going long and vice versa for shorts. In general a blue color indicates that the strength of daily pivot is better alongwith a bullish pivotshift which facilitates a possible long and HENCE STRICTLY SHOULD NOT BE ON THE SHORT SIDE. In general a red color indicates that the strength of daily pivot is better alongwith a bearish pivotshift which facilitates a possible short and HENCE STRICTLY SHOULD NOT BE ON THE LONG SIDE. Please ensure that you use this with a proper Risk Management and Money Management guidelines.
Strategia Pine Script™
di scorpiomanoj
1
CPR Line [MV]Hello, Everyone, This is Indicator Base on CPR Indicator Feature Here is Long and Short plot with Alerts Here is Takeprofit Line from Long and Short side by default 1 percentage Calculated by Open Bar Here is Stoploss Line from Long and Short side by default 0.5 percentage Calculated by Open Bar NOTE: If You are Using CPR Strategy there is some Limitation We are Calculated Close bar price and according to SL OR TP Calculate plot But if you are Using Indicator by default it's Calculate SL or TP Accounting to Open bar but you can Also Change if you want same result CPR Strategy or CPR Indicator. You Can also change everything. In future, I will Enhance this Strategy and indicator if you have any suggestion Mention here Thank you so much
Indicatore Pine Script™
di Manoj-verma
11
CPRFibonacciPivots By EquityDuraiThe Central Pivot Range (CPR) is one of the most versatile price-based indicators available to traders. ... At any given time, the range can be support or resistance, it can forecast trending or sideways price behavior, dictate the day's direction, or serve as an integral part of a trend. Keep in mind that depending on the market’s behavior, the formula for TC may in fact create the level for BC, and vice versa. I always refer to the highest level as TC, and the lowest level as BC, regardless of which formula led to the level’s creation.
Indicatore Pine Script™
di equitydurai81
Pivots (CPR) - Daily, Weekly & Monthly (only for Indraday) Hi all Dear users, Here, I have shared my CPR script on Daily, Weekly & Monthly basis. which will only works on intraday time frames. Best time frames recommended are 3,5 &15. This will be very useful for intraday trades. And also it has more customizing options. The features are:- ================ - Have an option to use only Daily pivots. - Have an option to check tomorrow pivot ( After day closing). - You can customize each and every style and colors. - It also contains Previous day High, Previous Week High & Previous Month High. - You can Show or Hide daily weekly Monthly and highs too. Please share this AMAZING INDICATORS others.
Indicatore Pine Script™
di LazyCharger
25
Master Pivots (CPR)This helps in monitoring the support and resistance of the current day and plan for tomorrow's support and resistance. The formula for creating the indicator is as below. Pivot Point (P) = (High + Low + Close)/3 Support 1 (S1) = (P x 2) - High Support 2 (S2) = P - (High - Low) Resistance 1 (R1) = (P x 2) - Low Resistance 2 (R2) = P + (High - Low) Floor Pivots are one of the classic pivot ranges and helps us in trading based on pivot values. This indicator that I have built is also capable of predicting tomorrow's support and resistance up to 3 levels i.e. R1, R2, R3 and S1, S2 and S3. This is the only indicator available in trading view which does the same. Thats the only reason of making a separate indicator. In this indicator we have also added some symbols to identify the reversal patterns based on candle. This is best if used in 15 min candle. This plots engulfing pattern, shooting star, hammer and bullish and bearish reversals. Please use it and provide feedback for changes. If i would change anything it would be available automatically anyway. I have not added Fibonacci Pivots as its generally available in many sites out of box. How ever if you want to code you can use the below formula. Pivot Point (P) = (High + Low + Close)/3 Support 1 (S1) = P - {.382 * (High - Low)} Support 2 (S2) = P - {.618 * (High - Low)} Support 3 (S3) = P - {1 * (High - Low)} Resistance 1 (R1) = P + {.382 * (High - Low)} Resistance 2 (R2) = P + {.618 * (High - Low)} Resistance 3 (R3) = P + {1 * (High - Low)}
Indicatore Pine Script™
di indianinvisibletrader
26
CPR with Pivot Levels - CPR by KGSThis script is based on Secret of Pivot Boss book by Frank Ochoa. Suitable for Intraday Trading. You can view Daily timeframe cpr/support/resistance. You can view Weekly timeframe cpr/support/resistance. You can view Monthly timeframe cpr/support/resistance. You can also view Previous Day High/Low. You can also view Previous Week High/Low. You can also view Previous Month High/Low. You can also turn on/off as per your wish.
Indicatore Pine Script™
di botsbykgs
82
CPR with Pivot LevelsWe recommend some preconditions for Intraday Trading Strategy with CPR (Central Pivot Range) Rules For BUY Setup with CPR 1) Today's Pivot Level Should be higher than Previous Day's Pivot Level 2) The previous day's close should be near day high. Rules For SELL Setup with CPR 1) Today's Pivot Level Should be lower than Previous Day's Pivot Level 2) The previous day's close should be near day low. CPR or central pivot range is the best tool available for the trader to see the price base indicator. You can use this tool i.e CPR (central pivot range) to check the price indicator in the stock market. You know the price of shares sometimes goes up or sometimes goes down in the stock market. So it will be best to stay updated and know it before the time the share market/stock market fall or rises.
Indicatore Pine Script™
di Kingresearch
206
CPR WidthThe indicator shows the width of the Central Pivot Range. Frank Ochoa call it It Pivot Range Histogram in his book. Use it in conjunction with the Central Pivot Range indicator. Below is the interpretation of the reading. CPR Width > 0.5 - Sideways or Trading Range Day, CPR Width > 0.75 - increases the likelihood of sideways trading behavior, CPR Width < 0.5 - Trending type of day, CPR Width < 0.25 - increases the likelihood of a trending market. The above reading only increases the likely-hood of the possibility and not always right.
Indicatore Pine Script™
di UnknownUnicorn5882959
40