OPEN-SOURCE SCRIPT
CPR by JBIS
Includes CPR, Pivot Points and an EMA. This advanced technical indicator amalgamates critical components essential for robust market analysis: CPR (Central Pivot Range), Pivot Points, and EMA (Exponential Moving Average). Designed to empower traders with comprehensive insights, this indicator serves as a dynamic tool for chart analysis across various timeframes and markets.
CPR (Central Pivot Range):
Central Pivot Range, often abbreviated as CPR, represents a pivotal zone delineating critical support and resistance levels within a given trading session. Calculated from the previous session's high, low, and close, CPR helps identify potential reversal points and areas of price consolidation.
Pivot Points:
Pivot Points are key price levels derived from the previous session's high, low, and close. These levels serve as significant reference points for traders to anticipate potential price movements, gauge market sentiment, and formulate strategic entry and exit points.
EMA (Exponential Moving Average):
EMA, or Exponential Moving Average, is a widely-used trend-following indicator that places greater emphasis on recent price data. By smoothing out price fluctuations, EMA provides traders with a clearer depiction of market trends, facilitating timely decision-making and trend identification.
Key Features:
Customizable Parameters: Tailor the indicator settings to align with your trading strategy and risk tolerance.
Multi-Timeframe Analysis: Seamlessly analyze price action across different timeframes, enabling comprehensive market assessment and strategy formulation.
Visual Clarity: Intuitive chart visualization ensures easy interpretation of key levels and trend dynamics.
Real-Time Updates: Stay informed with real-time updates as market conditions evolve, empowering proactive decision-making and trade execution.
CPR (Central Pivot Range):
Central Pivot Range, often abbreviated as CPR, represents a pivotal zone delineating critical support and resistance levels within a given trading session. Calculated from the previous session's high, low, and close, CPR helps identify potential reversal points and areas of price consolidation.
Pivot Points:
Pivot Points are key price levels derived from the previous session's high, low, and close. These levels serve as significant reference points for traders to anticipate potential price movements, gauge market sentiment, and formulate strategic entry and exit points.
EMA (Exponential Moving Average):
EMA, or Exponential Moving Average, is a widely-used trend-following indicator that places greater emphasis on recent price data. By smoothing out price fluctuations, EMA provides traders with a clearer depiction of market trends, facilitating timely decision-making and trend identification.
Key Features:
Customizable Parameters: Tailor the indicator settings to align with your trading strategy and risk tolerance.
Multi-Timeframe Analysis: Seamlessly analyze price action across different timeframes, enabling comprehensive market assessment and strategy formulation.
Visual Clarity: Intuitive chart visualization ensures easy interpretation of key levels and trend dynamics.
Real-Time Updates: Stay informed with real-time updates as market conditions evolve, empowering proactive decision-making and trade execution.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.