CPR (Central Pivot Range) Indicator in MetaTrader 5 – Free – [Trading Search] – MT4/MT5 Resource

The CPR (Central Pivot Range) indicator in MetaTrader 5 is calculated using price data and includes High , Low , and Close . Its purpose is to identify reversal zones and predict the potential direction of price movement.

The CPR structure consists of a central pivot line (pivot point) in the center, two resistance levels (blue) , and two support levels (yellow) Technical analysis .

CPR indicator specification sheet

The following table lists the main features of this device CPR indicator.

Uptrend Conditions

In Solana's 5-minute chart, the price opened above the central line (red) and stabilized in this area. This price action suggests that the bullish trend may continue until the next resistance level is reached.

downtrend conditions

The image below shows a 30-minute chart of the CAD/JPY currency pair. After retesting the resistance (blue line) but failing to break through , the price remains below the CPR center line .

Price stability below the pivot may confirm seller strength , increasing the likelihood of a continued bearish move in the previous direction of support levels .

Indicator Settings

The image below shows the customizable settings section of the CPR (Central Pivot Range) indicator:

• Timeframe : the time frame used for indicator calculations
• Number of previous candles for calculation : The number of previous candles to calculate
• P_Color : The color of the pivot point line
• P_Style : The style of the pivot point line
• P_Width : The width of the pivot point line
• P_RayRight : Extend the pivot line to the right
• R_Color : resistance line color
• R_Style : Resistor line style
• R_Width : resistance line thickness
• R_RayRight : Extend the resistance line to the right
• S_Color : supports line color
• S_Style : supports line style
• S_Width : Support line thickness
• S_RayRight : Extend the support line to the right

Conclusion

The CPR indicator is a multi-time frame tool that enables price action analysis across different time frames. This Support and Resistance Levels for MetaTrader 5 is designed to accurately identify support/resistance areas and potential market turning points.

Furthermore, this trading tool is suitable for all financial markets, including stocks, forex , and cryptocurrencies .