CPR Calculator with Pivot Levels

Nowadays, many traders are using the CPR indicator to do day trading and swing trading. Mainly, CPR indicators work awesomely in the Nifty and Banknifty charts. To use this indicator, first you need to learn about this indicator. Also, you could use a CPR calculator or Central Pivot Range Calculator to calculate the CPR, pivot, support and resistance level of a particular stock.

Enter the values

What is the CPR indicator?

As mentioned earlier, CPR or Central Pivot Range is a technical indicator which is commonly used by traders to find the key support and resistance level of a particular stock. Using these levels, you can make your trading decisions. You could decide where to enter and where to exit from the trades. As well as it will help you to find the overall trend of a particular stock.

How to calculate CPR levels?

Using the day’s high, low, and close prices, you can calculate the CPR levels and it is the daily CPR. If you want to calculate the weekly CPR level, you have to use the weekly high, low and close of that stock. You can calculate the CPR level for any timeframes. The CPR indicator formula is as follows:

Central Pivot Range (CPR) = (Previous Day’s High + Previous Day’s Low + Previous Day’s Close) / 3

After you calculate the CPR level of a particular stock, you can use it to identify key support and resistance levels to make entry and exit decisions.

There are three key levels are available in CPR. They are,

1. Pivot point
2. Top Central Pivot Point (BC)
3. Bottom Central Pivot Point (TC)

The Pivot point is the middle point of the CPR and acts as the key support and resistance level. The Top Central Pivot Point (BC) and Bottom Central Pivot Point (TC) are the upper and lower boundaries of the CPR, respectively.

Using these three levels you can find the overall trend of the particular stocks. Along with these levels, you can use 3 resistance and support levels. It helps you to make trading decisions.

Also Read: Price Action Trading Books: Top 6 Recommendations for Mastering the Art of Trading

Why do we need a CPR calculator?

Now, you have the formula to calculate the CPR levels. But it is a difficult process to calculate the CPR levels for many stocks. So, I created this CPR calculator and I hope it helps you to calculate CPR levels.

This CPR calculator tool helps you to automate the CPR calculation process and you can get accurate data and the key levels of particular stocks. By using this CPR calculator, you can save time and reduce human error which occurs during calculation.

In this calculator, you need to enter the high, low and close of the stock price. After entering, click the calculate button, and the result will appear below the calculator. The result contains three key levels of CPR, support and resistance level. You can use these levels to analyze the stock and make your trade. Also note this point, if you are a day trader and you are using 5 mins chart, you need to enter 5 minutes candles high, low and close. Based on the timeframes you need to enter the value.

You are using the CPR calculator and it’s fine. But also keep in mind, that CPR is just one type of technical indicator used in trading. You have to use price action along with this CPR indicator. Don’t depend only on indicators.

Also Read: CAGR Calculator

conclusion

I hope you use this CPR calculator to calculate the CPR levels of any stocks. Please keep in mind, any trading indicators or price action technique will not give you only success and profit. You also have a chance to lose your money. So it is very important to use proper risk management techniques.