Overview

Central Pivot Range (Yearly) is a powerful tool designed for positon traders and investors who rely on precision and simplicity. By calculating the Central Pivot Range (CPR) from the previous year’s high, low, and close, this indicator provides a visual framework to analyze market structure and identify key trading levels. Perfectly suited for position trading and investing, it empowers traders to anticipate market behavior and react effectively.

Plot

This indicator is optimized for position trading and investing on the daily and weekly timeframes.

Example:

Plot on a weekly chart (MAR): every pullback to the yearly CPR is a buying opportunity on Marriot since 2021, until proven otherwise.

Key Features

• Precision: Focused entirely on the Central Pivot Range for position trading and investing.
• Real-Time Adaptation: Dynamically adjusts to reflect daily market conditions.
• Versatility: Best suited for stocks, forex, futures, and other instruments.
• User-Friendly Interface: Simple to use and highly informative.

Benefits for Traders

• Identify the Central Pivot Range (CPR) to understand market bias.
• Spot reversal or breakout zones with greater accuracy.
• Enhance timing for entries and exits with clear visual levels.
• Utilize the CPR for trend and range-bound market strategies.

How It Works

The indicator calculates the Central Pivot Range (CPR) based on the previous year’s high, low, and close:

• Central Pivot (CP): (H+L+C) / 3
• Bottom Pivot (BP): (H+L) / 2 (i.e. the midpoint of the previous year)
• Top Pivot (TP): (CP – BP) + CP

These levels act as actionable zones where price activity is most likely to occur, providing traders and investors with a consistent framework for decision-making.

Settings

• CPR: Plots the Central Pivot Range based on the previous year. This will be already available at the beginning of each year.
• LABELS: Adds clear labels to each level for easier reference.
• NEXTCPR (Optional): Shows the developing CPR for the upcoming year.

Who Can Use It?

• Investors who focus on entry areas.
• Position traders integrating yearly CPR into broader market analysis.
• Active traders looking for potential confluence levels

Reference

The concept of the Central Pivot Range is derived from established pivot-based trading methodologies, including those popularized by Frank Ochoa.

This indicator has been independently developed and optimized for ProRealTime users.