The Multi-day Central Pivot Range
The indicator is a Multi-day CPR.
It shows CPR range as per yesterday's HLC and also CPR range for last n number of trading sessions.
For example: If you mention the value as two in Multi-day CPR (blue color) then it calculates the CPR using HLC of the last two trading sessions.
Also, the daily CPR is designed in such a way to highlight Virgin CPR (purple color) separately from the normal CPR(fuchsia color).
It shows CPR range as per yesterday's HLC and also CPR range for last n number of trading sessions.
For example: If you mention the value as two in Multi-day CPR (blue color) then it calculates the CPR using HLC of the last two trading sessions.
Also, the daily CPR is designed in such a way to highlight Virgin CPR (purple color) separately from the normal CPR(fuchsia color).
版本注释:
Now it also has "developing CPR", which shows the CPR based on today's HLC with intraday time-frame charts. It will be dynamic rather than static. It will be be useful to trail your stop loss.
版本注释:
Similar to developing CPR, we have multi-day developing CPR which shows the CPR based on high/lows of last n number of trading sessions with current candle's C in intraday time-frame charts.