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TraderEdge CPR (1.0)
TraderEdge CPR 1.0 indicator plots Daily , Weekly and Monthly Pivots along with central pivot range. In addition next session pivots are also available.
The key advantage of this indicator is that it plots the pivot lines at the start of the session and extends till the session end. i.e daily pivots are plotted from day start to day end at the start of the day. Similarly weekly and monthly pivots are plotted for the entire week and month respectively.
CPR , R1 PDH and S1 PDL are clearly identified as zones using a band color to emphasize that these areas should be treated as a zone rather than individual levels.
Additionally next session pivots i.e tomorrow , next week and next month pivots are also plotted anytime during the session on the next day , week and month respectively.
To provide a clear understanding of the trend for day trading this indicator uses the higher time frame pivot ( weekly pivot ) and daily pivot to identify the trend for day trading.
If candles are trading above weekly CPR trend is identified as Bullish. If candles are trading above weekly R1 PDW then the trend is identified as Very Bullish. Similarly the daily trend is also calculated as Bullish or Very Bullish using the above logic
If candles are trading below weekly CPR trend is identified as Bearish . If candles are trading below weekly R1 PWL then the trend is identified as Very Bearish. Similarly the daily trend is also calculated as Bearish or Very Bearish using the above logic
Based on the Higher timeframe trend and daily trend this indicator also provides trade recommendations using the principle of Buy on dips and Sell on rips.
When higher timeframe trend is bullish the recommendation engine alerts when and where to buy on dips. i.e 1. Near CPR support , R1 PDH Breakout or S1-PDL support
When higher timeframe trend is bearish the recommendation engine alerts when and where to sell on rips . i.e 1. Near CPR resistance , S1 PDL Breakdown or R1-PDH resistance
In addition to all the above pivots this indicator also plots 20, 50 and 200 SMA for additional confirmation of the trend.
The key advantage of this indicator is that it plots the pivot lines at the start of the session and extends till the session end. i.e daily pivots are plotted from day start to day end at the start of the day. Similarly weekly and monthly pivots are plotted for the entire week and month respectively.
CPR , R1 PDH and S1 PDL are clearly identified as zones using a band color to emphasize that these areas should be treated as a zone rather than individual levels.
Additionally next session pivots i.e tomorrow , next week and next month pivots are also plotted anytime during the session on the next day , week and month respectively.
To provide a clear understanding of the trend for day trading this indicator uses the higher time frame pivot ( weekly pivot ) and daily pivot to identify the trend for day trading.
If candles are trading above weekly CPR trend is identified as Bullish. If candles are trading above weekly R1 PDW then the trend is identified as Very Bullish. Similarly the daily trend is also calculated as Bullish or Very Bullish using the above logic
If candles are trading below weekly CPR trend is identified as Bearish . If candles are trading below weekly R1 PWL then the trend is identified as Very Bearish. Similarly the daily trend is also calculated as Bearish or Very Bearish using the above logic
Based on the Higher timeframe trend and daily trend this indicator also provides trade recommendations using the principle of Buy on dips and Sell on rips.
When higher timeframe trend is bullish the recommendation engine alerts when and where to buy on dips. i.e 1. Near CPR support , R1 PDH Breakout or S1-PDL support
When higher timeframe trend is bearish the recommendation engine alerts when and where to sell on rips . i.e 1. Near CPR resistance , S1 PDL Breakdown or R1-PDH resistance
In addition to all the above pivots this indicator also plots 20, 50 and 200 SMA for additional confirmation of the trend.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
보호된 스크립트입니다
이 스크립트는 비공개 소스로 게시됩니다. 하지만 이를 자유롭게 제한 없이 사용할 수 있습니다 – 자세한 내용은 여기에서 확인하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.