This Developing Pivot Range(DPR) made by Saravanan_Ragavan based on Pivot Boss Developing Pivot Range Concept. This indicator will show how the CPR is developing during the day. Also it shows how trend developing. range fills with green and widening in up trend, wise versa range fills with red and widening in down trend.
Pivot Boss described as following about this indicator: The Developing Pivot Range (DPR) indicator dynamically calculates the central pivot range in real time as new data enters the market bar by bar. Essentially, this indicator allows you to see the “meat of the market” as the day’s trading activity is taking place. More importantly, however, the closing values for the indicator tell you where the central pivot range will be located for the following session, which paves the way for analyzing extremely important two-day pivot range relationships and key width characteristics. Having this information in advance allows us to prepare properly for the upcoming session.
Note: Today Session end DPR become Tomorrow's CPR.
@rajubhai9044, I don't know Hindi. still I can understand that you are asking about full name the indicator vp used in my chart. Its Volume pressure. I haven't published yet. I am using for my personal use. Let you know once I publish it.. Thanks
pixelaryan
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@Saravanan_Ragavan, what's the name of VP indicator at the bottom of the chart?