Support/resistance lines computed from the previous day's High, Low, Close. The Central Pivot Range (CPR) adds TC and BC for a "value zone".
P = (H + L + C) / 3 BC = (H + L) / 2, TC = 2P − BC R1 = 2P − L, S1 = 2P − H R2 = P + (H − L), S2 = P − (H − L)
Day-type read (narrow CPR → trending day; wide → range). Breakout above TC = long bias; break below BC = short bias.
Loses relevance if overnight news gaps the market. Wide-CPR days have low signal strength.
Nifty 50 15-min bars with Classic Floor Pivots (CPR) pre-loaded:
2 strategies use Classic Floor Pivots (CPR):