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
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