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. You may recall that I explained the calculation of Pivot levels in an earlier thread. CPR stands for Central Pivot Range. It is always a center line of the three lines that gets plotted in the chart. CPR is a Pivot price. Pivot is average of HLC as explained in the prev thread. We also discussed about Mid-range of the session. Mid-range is average of High and low price of the session. The mid-range of the bar is known as BC in the CPR calculation. BC stands for Bottom central pivot. ...