This script is an alternative version to the original Dynamic Pivot Box**, and it is intended for intra-day or day trades for this version now allows to plot DAILY and WEEKLY pivots. (Whereas the original version of the script allows only for Year and Monthly which is Ok for investing and swings; if you prefer that other version, you can find it in the public...
We 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's high.
Rules For SELL Setup with CPR
1) Today's Pivot Level Should be lower than Previous Day's Pivot Level
The basic idea of the ‘Dynamic Pivot Box’ is to show only the Pivots that are closer to the Price. This is, the nearest pivots acting as support and resistance; thus hiding all other pivots which are further away from the price and also hiding the pivots from previous periods… Pivots will be hidden until price breaks out from the current box and moves to the...
The strategy is designed using CPR and Donchian Channels.
We need to wait for "Sell Call" or "Sell Put" arrow on the chart.
Sell call or put on the next candle.
Sell call strike above CPR resistance and candle close above it will be stop loss.
Similarly, sell put strike below CPR support and candle close below it will be stop loss.
This script will allow to add CPR with Standard Pivots and 4 Indicators.
Standard Pivot has 9 levels of support and 9 levels of resistance lines. It has CPR , 3 levels of Day-wise pivots , 3 levels of Weekly pivots and 3 Levels of Monthly Pivots .
In Addition to the CPR and Pivot, this script will allow user to Add 4 more Indicators - SMA, EMA, VWAP and...
Hi Friends & TradingView community.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know...
The 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 <...
The Golden Pivots indicator is a combination of the following:
1. Central Pivot Range
2. Floor Pivots
3. Camarilla Pivots
4. Monthly, Weekly, Daily Highs and lows
5. Candlestick Setups
All the pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa.
One can also view tomorrow's central pivot range by today end of the day.
Fibonacci Fans application on top of Previous Higher TimeFrame High and Low. Idea owner is @faizannawaz1, special thanks to him for both the idea and tesing the application
WARNING : Study includes plottings in the future, and due to temporal gaps in non 7/24 markets such as weekends, holidays etc plotting of the fans...
The Central Pivot Range (CPR) is used to identify key price points to set up trades. CPR is beneficial for intraday trading. This indicator can plot:
1. Daily Pivots and Daily Support/Resistance
2. Tomorrow Pivots and Support/Resistance
3. Weekly Pivots and Weekly Support/Resistance
4. Monthly Pivots and Monthly Support/Resistance
5. Previous Day High/Low
This script is created primarily for Intraday trading but can also be used for short and long term trading. This is a combination of Central Pivot Range (CPR), Moving Averages and Camarilla Pivot levels (with inner levels). This helps you to combine the strategies of CPR and Moving Averages to identify the best trading opportunities with greater edge. Central...
A convenient script for using CPR with R1S1 strategy with this indicator. It works on Daily, 60m and 15m timeframes. For all other timeframes it will display an error message.
The CPR values are calculated based on the following logic:
For 1D timeframe, pivot and R1 and S1 calculations are based on previous month candle
For 60m timeframe, pivot and R1 and S1...
This script plots All types of Pivot Points + plots Central Pivot Range ( CPR ) & This script is based on "Secret of a Pivot Boss" book by Frank Ochoa. CPR is especially useful for intraday trading.
🔥 Available Types of Pivot Points -
DeMark ( DM )
🔥 Available Timeframes -