What is CPR Trading Strategy?
What is CPR Trading Strategy?
Full form of the CPR in share market is Central Pivot Range. The Central Pivot Range is one of the best tool for technical analysis, as was already mentioned. For intraday trading, it is a helpful trading indicator. This Central Pivot Range indicator is used by traders to identify critical price levels and place trades accordingly. Depending on the various chart levels, trading positions can be taken. It is largely favored by merchants because of its versatility and ease of usage. The CPR indicator on the chart has three levels. The main pivot points are those located at the top and bottom of these levels.