How To Use CPR Indicator (Best CPR Trading Strategy)

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The CPR Indicator is extremely useful, I explain how to form mind blowing CPR strategy and make brilliant trades earning up to 5% in a day using the CPR trading strategy !!!

The best part of CPR indicator is it can be used along with any other indicator or strategy you already use, it simply just helps in improving the accuracy of your strategy. I will show you how I will be using it along with vwap and as you can see I have got beautiful trades with which I earned 4 – 5 % in my intra day trade

Now the bullish or bearish bias alone isn’t sufficient to rely on ,, there are plently of times inspite of closing above it goes down and inspite closes below it goes up .. so in order to get a better accuracy, we set 5 simple conditions and only when it fulfils this 5 conditions we will trade

so the 1st condition I have already mentioned if it closes above it has a bullish bias and if it closes below it has a bearish bias

2nd condition .. it should be a trending day

as you can see here in the day chart from the past couple of days bajaj finance has been going up and it clearly has a upward trend so if you spot the past few days to look like this, it would make it an ideal day to use this strategy
whereas if the past few days are sideways and it looks like this, cpr strategy won’t work very well

another way to spot a trending days is if we look in the 15 min chart the cpr looks like steps that goes up
here’s the first step and the next step is higher and then higher and higher.

As you can see in all of the trending days the strategy has worked brilliantly

Next 3rd condition

The opening price of the day should be either above or below cpr and not on the cpr .. if it opens on the cpr, it’s most likely to go sideways

Here you can see it opened in the range and it continued sideways, it might closes a little above or below the range but the chances of a trending day would be very low

Now 4th condition
You don’t take a trade when it is in between the range, If it has a bullish bias, you buy when it’s above the range and If it has a bearish bias you take the trade when it’s below the range .. so basically avoid taking trades when they are between the range, as you can see whenever it’s in between the range it usually goes sideways

and finally the last condition

A stock that closes above the range which mean it has a bullish bias can become bearish if there are big red candles formed that are crossing the range,
similarly a bearish bias can become bullish too if there are big green candles crossing the range.

If the candles are small .. it will probably just return back, ONLY if the candles are big it will the continue going across

Now the CPR indicator works brilliantly but is at best when it’s combined with another indicator, I use the VWAP indicator .. you can use any indicator of your choice.

Best Stochastic Settings For 15 Minute Chart, How To Use CPR Indicator (Best CPR Trading Strategy).

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