CPR Indicator for Swing Trading

A Price Action Strategy using CPR Indicator →

Hey there!

Today we’ll learn a price action trading strategy using the CPR Indicator, brought to us by Mr. Gomathi Shankar, a full-time price action trader.

📈 Understanding the Amazing CPR Indicator

➡️ The price action strategy we are about to learn relies on the CPR indicator for swing trading. Before understanding CPR, it is important to understand Pivot Points.

➡️ The Pivot Point is like a median line calculated based on the previous day’s open, high, low, and close levels. This median line acts like a borderline between bulls and bears.

➡️ The CPR indicator consists of 3 Pivot lines, together called the Central Pivot Range (CPR).

  • Central Pivot = High + Low + Close / 3

  • Bottom Pivot = High + Low / 2

  • Top Pivot = (Pivot - BC) + Pivot

📌 CPR Strategy for Swing Trading

➡️ High Probable trade entries - If both hourly and daily charts trade above weekly and monthly CPR lines respectively, it is called a High Probable long opportunity. If both hourly and daily charts trade below weekly and monthly CPR respectively, it is called a High Probable short opportunity.

➡️ Low Probable trade entries - If the candles are above monthly CPR in the daily chart but below weekly CPR in the hourly chart then it is a Low probable short entry.

Note: Low Probable opportunity should either be avoided or explored by taking a position by deploying not more than 25% of your capital.

✅ Learn to use CPR for both day & swing trading

Get the CPR Indicator Price Action Course by Mr. Gomathi Shankar, where you will learn how to apply the CPR indicator for making confident, high-probability trades.

Use NL30 at checkout for a 30% off, & get the course for just ₹349 ⬇️

None of the above stock ideas are intended as recommendations. Please consult a registered advisor before buying/selling.

✍🏼 If you have any questions or just want to say hi, feel free to write to us at [email protected]

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