Thread by @AakashSSawant1

Master Class on ⭕️How to use CPR Indicator⭕️
🧵
You will learn the following application of CPR
- Use to plot Support/Resistance
- Identify Trending, volatile and sideways market
- Correctly identify the market trend
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@kuttrapali26 @KommawarSwapnil @bhatiamanu

Building blocks of Central Pivot Range (CPR)
🟢How to apply CPR
1⃣ Open #TradingView website
2⃣ apply CPR with pivot levels - CPR by KGS
3⃣ Keep on Daily pivot, Daily BC and Daily TC checked

CPR VS Standard Pivots
🟢side by side comparison of the indicators on same time frame

Using CPR to identify the type of markets
1⃣ CPR with narrow range = Trending markets
2⃣ CPR with wide range = Sideways or volatile
3⃣ CPR with medium range = Trending or sideways
Remember to use them on 5 min time frame and This holds a good accuracy of 80%

Using Virgin CPR to plot strong Support/Resistance.
🟢Identify a CPR in which price opens above and never touched any CPR level in the entire day
🟢Extend the CPR line to right to plot support zone
🟢To find Resistance zone find CPR with price opening below it and extend that CPR

Identify the trend clearly
🟢Don't just short the market if the price closed below the CPR level
🟢Always look the main trend by looking at the relative position of CPR
🟢Rising CPR levels = uptrend
🟢Falling CPR levels = Downtrend

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