Daily Central Pivot Range (CPR)

Central Pivot Range (CPR) is a technical indicator that calculates a price zone using the previous completed daily candle’s high, low, and close. It consists of three levels: Top Central (TC), Central Pivot (P), and Bottom Central (BC).

CPR is calculated using the previous completed daily candle and remains static throughout the current trading session.

Traders use CPR to identify potential support and resistance zones. If the price stays above the Top Central (TC), it may indicate bullish strength. If it moves below the Bottom Central (BC), it may indicate bearish pressure. CPR Width (%) can also help traders understand how narrow or wide the CPR range is.

For example, if Reliance opens above the Top Central (TC) and continues trading above it, traders may interpret this as a sign of bullish momentum.

Parameter	Description	Default Value
Output	CPR level or width used in the screening condition. Options include Top Central (TC), Central Pivot (P), Bottom Central (BC), and CPR Width (%)	Top Central (TC)