PAT BY KGS (PRICE ACTION TOOL BY KGS)This is a all in one indicator for CPR + Moving Averages + Previous day/week/month high-low.
This is dedicated to every retail trader. "Together we grow as a price action trading community"
Thank you and regards, Gomathi Shankar
Cprwidth
CPR with Pivot Levels - CPR by KGSThis script is based on Secret of Pivot Boss book by Frank Ochoa. Suitable for Intraday Trading.
You can view Daily timeframe cpr/support/resistance.
You can view Weekly timeframe cpr/support/resistance.
You can view Monthly timeframe cpr/support/resistance.
You can also view Previous Day High/Low.
You can also view Previous Week High/Low.
You can also view Previous Month High/Low.
You can also turn on/off as per your wish.
CPR WidthThe indicator shows the width of the Central Pivot Range. Frank Ochoa call it It Pivot Range Histogram in his book.
Use it in conjunction with the Central Pivot Range indicator.
Below is the interpretation of the reading.
CPR Width > 0.5 - Sideways or Trading Range Day,
CPR Width > 0.75 - increases the likelihood of sideways trading behavior,
CPR Width < 0.5 - Trending type of day,
CPR Width < 0.25 - increases the likelihood of a trending market.
The above reading only increases the likely-hood of the possibility and not always right.
