CPR gives lot of useful information. Most of you will be knowing this. This is for the people who dont know :flandria wrote: Sat Aug 28, 2021 2:37 am Xard , forgot to ask but just noticed that it is the Daily Pivot and pivots on your Chart !?
XARD: Yes, it's Wyatt's Pivots indy which I got from sudhindragk to try out... they look quite good. I just dropped the channel background so we good see the pivot lines (basically, in a nutshell you are looking for a bounce or breakthrough). I will include it in the coming update with a template option.
Great ! thanks
I see ..... Price bounces between the Central Pivot Range !
1) Compare Today's CPR width with yesterday's width. If it is wider than yesterday's its going to be range day.
If its narrower its going to be trend day. You can easily back test this by setting the number of days to 20 ,40 etc.
2) CPR will also give you the bias. If it breaks then the bias changes.
Read the book i have recommended. Club it with Xard's system.
Besides this i use one other stuff which will be useful for trading indices. I will first discuss with XARD over this weekend.
Regards
Sk