Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
A three-line zone around the daily pivot — the pivot, a top central line (TC) and a bottom central line (BC) — whose width is used to gauge whether the day is likely to trend or to range.
The band around the pivot. A narrow band makes a trending day more likely; a wide band suggests a choppy, sideways session.
The upper line of the Central Pivot Range, calculated as (2 × pivot) − BC; with the pivot and BC it forms the CPR band whose width signals trend versus range.
The top line of the CPR zone. With BC it sets how wide — and therefore how trend-prone — the day looks.
The lower line of the Central Pivot Range, equal to the midpoint of the previous session’s range, (high + low) ÷ 2.
The bottom line of the CPR zone — simply yesterday’s range midpoint.