CPR by Hexaurum Learning

CPR (Central Pivot Range) Indicator Summary
Formula:
The CPR consists of three levels calculated from the previous period's price data:

Central Pivot (P) = (High + Low + Close) / 3
Bottom Central (BC) = (High + Low) / 2
Top Central (TC) = (High - Low) / 2 + Central Pivot

Note: TC can also be written as: 2 × Pivot - BC
The CPR range is the area between TC and BC (shown as a box in the indicator).

Key Features:

Multiple Timeframes: Daily, Weekly, and Monthly CPR levels
Developing CPR: Real-time CPR that updates as the current period forms
Fixed CPR: Static CPR from the completed previous period


Benefits & Trading Applications:

Trend Identification

Narrow CPR = Strong trending move likely (breakout expected)
Wide CPR = Consolidation or range-bound market


Support & Resistance

CPR acts as a strong support/resistance zone
Price tends to respect these levels for reversals or bounces


Breakout Trading

Price breaking above TC = Bullish signal
Price breaking below BC = Bearish signal
The narrower the CPR, the more explosive the breakout


Intraday Direction

If price opens above CPR = Bullish bias for the day
If price opens below CPR = Bearish bias for the day
Price within CPR = Neutral/range-bound


Multiple Timeframe Analysis

Higher timeframe CPR (Weekly/Monthly) provides major S/R zones
Daily CPR helps with precise entry/exit points
Confluence of multiple CPR levels increases reliability


Risk Management

Clear levels for stop-loss placement (beyond TC or BC)
Defined risk-reward zones for position sizing



Popular Strategy: Trade the CPR breakout with volume confirmation, using BC/TC as stop-loss levels.