CPR is a Pivot price. Pivot is average of HLC as explained in the prev thread.
Thread: Central Pivot Range (CPR)
CPR is another popular tool. Three lines are plotted on the chart when we plot CPR.
The three lines are: CPR, TC and BC.
Let’s understand the calculation.
CPR is a Pivot price. Pivot is average of HLC as explained in the prev thread.
The mid-range of the bar is known as BC in the CPR calculation. BC stands for Bottom central pivot.
Pivot price above mid-price = bullish pivot
Pivot price below mid-price = bearish pivot
What is the difference between both?
Mid-range is average of High and Low.
Pivot is average of High, Low and Close.
What will make the difference between the two?
Close.
If close is near to the mid-range, the distance will be low. If close is far, the distance will be wide. We’ll come back to this discussion in a while.
TC stands for Top central Pivot.
You will easily find the formula if you google it:
TC = (CPR – BC) + CPR
Why this formula? What does that mean?
Itna sab kyun sochna hai. Dimag ko itna taklif nahi dene ka, software sab plot karta hai, use karne ka😊
Clear? Let's discuss more.
If the difference is positive, TC will be placed above CPR and at same distance. If difference is negative, TC will be placed below CPR at same distance.
You may or may not trade this, but understanding various concepts will definitely help you in the long-run.
Have a look at the images below to get an idea about Narrow, too narrow, Wide and too wide CPR bands.
The answer is when the distance between Pivot and Mid-range is small.
And when will they be wide?
When the close is away from the mid-range?
When will that happen?
During strong trend... right?
Wide bands would mean trend was strong towards the close. Large length bar can occur during strong trends, or high volatility.
•The logical trader by Mark Fisher
•Secrets of a Pivot boss by Franklin Ochoa.
A is Narrow band
B is Too Wide
C is Too narrow
D is Wide
Study the earlier day trend to understand the shape of bands.
When the price is away and bearish from the CPR bands – it’s a strong down trend.
Stronger the trend, wider the CPR.
Price will remain within CPR bands, if a strong trend candle is followed by a narrow or medium range market.
Current day Band above previous day pivot band is considered as bullish and bands below previous day are considered as bearish.
Two imp uses of CPR: Pullback area during strong trends & virgin CPR sessions.
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THERE WEREN'T ANY.
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— Ryan Saavedra (@RealSaavedra) November 20, 2018
Mueller's officially end his investigation all on his own and he's gonna say he found no evidence of Trump campaign/Russian collusion during the 2016 election.
Democrats & DNC Media are going to LITERALLY have nothing coherent to say in response to that.
Mueller's team was 100% partisan.
That's why it's brilliant. NOBODY will be able to claim this team of partisan Democrats didn't go the EXTRA 20 MILES looking for ANY evidence they could find of Trump campaign/Russian collusion during the 2016 election
They looked high.
They looked low.
They looked underneath every rock, behind every tree, into every bush.
And they found...NOTHING.
Those saying Mueller will file obstruction charges against Trump: laughable.
What documents did Trump tell the Mueller team it couldn't have? What witnesses were withheld and never interviewed?
THERE WEREN'T ANY.
Mueller got full 100% cooperation as the record will show.