Key Features of the Indicator :
- Automatically draws Previous Virgin CPR and Shifted Them For Current Session.
- Option to select Historical Days of Virgin CPR. ( You can Select Historical days as many as you want.)
- Automatically Detects Narrow CPR and change the color of that CPR. You Can set alert for Narrow CPR.
- Automatically Detects Gap Borders.(Extend it to Current Session)
- Option to Change the Different Types of Pivot(Traditional/ Fibonacci/ Camarilla/ Classic/ Woodie/ Demark)
- Daily and Next days CPR, If Next days CPR is Narrow,Indicator will Automatically Detects it as Narrow CPR.
- Previous Days High & Low.
- Weekly, Monthly and Yearly CPR & VCPR.
- Previous Week’s and Month’s High & Low.
- Option for Pivot Labels & Price, Option to change its position (Right/Left of the Session)
- Options to Hide Historical/ Previous Days Pivot Levels.
- Provides 3 Different Moving Average, gives option to change the length, Color and Type of Moving Average
- are one of the most powerful indicators used in .
- It is comprised of a line surrounded by a series of levels which helps in speculating the price movements.
- The fundamental idea behind this indicator is that the particular day’s trading range captures everything about the market sentiment, and hence this range can be used to predict the price movement of the following days.
- CPR is the Swiss Army Knife of , and Like the Moon, the central range controls the tides of the market- by ‘frank’.
- The previous day’s high, low, and close prices are used to calculate the CPR levels for the current day. And these levels remain constant throughout the day.
- This indicator was first introduced by Mark Fisher in this book “The Logical Trader”. Frank Ochoa added another dimension, central to this indicator.
About Virgin CPR-
- If the price levels for a particular timeframe do not touch the CPR levels of the same timeframe, then that CPR is known as Virgin CPR.
- There are a variety of ways you can use CPR indicator for your trading decisions.
1. CPR Breakout
2. CPR Width
3. CPR as
4. Interpreting overall trend through CPR