Pivot Points for Intraday Trading
Pivot Points for Intraday Trading
Face 2 Face CPR
What is CPR ?
-
Price Action Indicator.
-
TP, P & BP provides range.
-
CPR indicator has 3 Levels
- Top Central Pivot( TCP)
- Central Pivot Point (Pivot)
- Bottom Central Pivot (BCP)
[!INFO]+ CPR Uses
- CPR used to
- Foresee the movements in stock price.
- Predict trend.
- Gives support & resistance.
Types of CPR
Characteristics of Wide & Narrow CPR
Wide CPR
Narrow CPR
Using CPR
-
Long if chart above CPR.
-
Short if chart below CPR.
-
Three lines narrow → Trending Market.
-
Three lines wide → Sideways Market.
-
Above CPR → Long.
-
Below CPR → Short.
[!EXAMPLE]+ Which Chart to use with what Indicator
- Use 5 minutes chart for intraday.
- Daily CPR indicator for daily CPR.
- Use 1 Hour chart for Positional.
- Weekly CPR indicator for weekly.
- Use daily Chart for longer / Swing trades.
- Monthly CPR
- Use CPR by KGS on trading view.
- Disable everything except daily pivots + prev day high & low.
- PDH & R1 are twins.
- PDL & R2 are twins.
POSITIONAL OPTION SELLING
- Use 1 hour chart with weekly CPR for option selling.
- Above CPR → Bullish → Bull Put Spread
- Below CPR → Bearish → Bear Call Spread
- On CPR → Iron Condor.
- While taking position, when cpr is under the first 1hr candle ( or chart for weekly ) then it is bullish signal.
- So we put bull put spread.
- SL & Pre Wk Low are twins.
- I take mid-point & sell it then lower strike buy to hedge it will.
- SL should be 1:1 though RR won’t be 1:1. Hold till expiry.
[!QUOTE]+ Easy to remember by MD Consider as CPR spring board. ♨️ Over spring jump up.⤴️👆 Under spring fall down.⤵️👇
Bear Call 🐻
- When CPR over chart.
Bull Put 🐂
- When CPR under chart.
Bull Put 🐂 vs Bear Call 🐻
Iron Condor
Statistics
-
Class By Mr. Gomathi Shankar.
-
PivotPedia by Neeraj Jangid
#Investments💷/Trading-Indicator📊