what is cpr in trading

CPR in trading stands for Central Pivot Range, which is a technical analysis indicator used in financial trading to identify key price points and set up trades. The CPR consists of three components: Pivot, Bottom Central Pivot (BC), and Top Central Pivot (TC) . The CPR helps traders identify key price points and the associated trend around these price points, and todays CPR values act as the reference for tomorrows trading. The CPR is beneficial for intraday trading, and traders can use it on its own or in combination with other indicators. The CPR is calculated based on the previous trading days highest, lowest, and closing levels of the stock, and the three levels of the CPR indicator are used to identify support and resistance levels. Traders can take up trading positions based on the CPR indicator, and there are several trading strategies that can be used when trading with this intraday indicator.