OPEN-SOURCE SCRIPT
CPR by Subash
CPR — Central Pivot Range with Multi-Timeframe Pivots
This indicator plots the Central Pivot Range (CPR) along with standard floor-trader pivot levels across four timeframes — daily, weekly, monthly and yearly — on a single chart. It also plots the previous period's high and low for each timeframe, and can optionally project the next period's CPR forward.
**What the Central Pivot Range is**
The CPR is a three-line zone derived from the previous period's high, low and close:
- Pivot (PP) = (High + Low + Close) / 3
- Bottom Central (BC) = (High + Low) / 2
- Top Central (TC) = Pivot − BC + Pivot
The width of the band between TC and BC reflects how balanced the previous period was. A narrow CPR indicates the prior period closed near the middle of a tight range; a wide CPR indicates a broader distribution. Traders commonly use the relationship between successive CPR bands, and price's position relative to them, as context for the session.
**Support and resistance levels**
Standard pivot-derived levels R1–R4 and S1–S4 are calculated for each timeframe using the conventional floor-trader formulas. These are geometric projections from the previous period's range, not predictions.
**Timeframe visibility**
Each set of levels only renders on chart timeframes below its own period, so the chart does not fill with irrelevant lines:
- Daily levels — intraday charts only
- Weekly levels — intraday and daily
- Monthly levels — intraday, daily and weekly
- Yearly levels — intraday through monthly
**Settings**
Every timeframe group has independent toggles for its pivot, its support/resistance set, its CPR band, and its previous-period high and low. Daily, weekly and monthly pivots plus support/resistance are enabled by default; yearly levels and all CPR bands beyond the daily one are off by default to keep the initial chart readable. A single line-width input controls all plots.
**Next CPR projection (off by default)**
The "Show Next CPR" option projects the upcoming period's CPR and pivot levels forward on the chart by a configurable bar offset. Choose the projection period — daily, weekly, monthly or yearly — with the resolution input.
**Important — this section repaints by design.** It reads the current, still-incomplete period's high, low and close in order to compute where the next period's levels would fall. Those values change as the current period develops, so the projected lines move until the period closes. This is inherent to what a forward projection is; it is not a bug, but it does mean these particular lines must not be used for signal generation, backtesting, or alerts. All other levels in the script are calculated from completed prior periods and do not repaint.
**Notes on use**
These are reference levels, not entry signals. The script produces no buy or sell markers and makes no directional claims. How useful any given level is depends entirely on the instrument, the timeframe, and the volatility regime — verify the behaviour on your own instrument before relying on it.
This indicator plots the Central Pivot Range (CPR) along with standard floor-trader pivot levels across four timeframes — daily, weekly, monthly and yearly — on a single chart. It also plots the previous period's high and low for each timeframe, and can optionally project the next period's CPR forward.
**What the Central Pivot Range is**
The CPR is a three-line zone derived from the previous period's high, low and close:
- Pivot (PP) = (High + Low + Close) / 3
- Bottom Central (BC) = (High + Low) / 2
- Top Central (TC) = Pivot − BC + Pivot
The width of the band between TC and BC reflects how balanced the previous period was. A narrow CPR indicates the prior period closed near the middle of a tight range; a wide CPR indicates a broader distribution. Traders commonly use the relationship between successive CPR bands, and price's position relative to them, as context for the session.
**Support and resistance levels**
Standard pivot-derived levels R1–R4 and S1–S4 are calculated for each timeframe using the conventional floor-trader formulas. These are geometric projections from the previous period's range, not predictions.
**Timeframe visibility**
Each set of levels only renders on chart timeframes below its own period, so the chart does not fill with irrelevant lines:
- Daily levels — intraday charts only
- Weekly levels — intraday and daily
- Monthly levels — intraday, daily and weekly
- Yearly levels — intraday through monthly
**Settings**
Every timeframe group has independent toggles for its pivot, its support/resistance set, its CPR band, and its previous-period high and low. Daily, weekly and monthly pivots plus support/resistance are enabled by default; yearly levels and all CPR bands beyond the daily one are off by default to keep the initial chart readable. A single line-width input controls all plots.
**Next CPR projection (off by default)**
The "Show Next CPR" option projects the upcoming period's CPR and pivot levels forward on the chart by a configurable bar offset. Choose the projection period — daily, weekly, monthly or yearly — with the resolution input.
**Important — this section repaints by design.** It reads the current, still-incomplete period's high, low and close in order to compute where the next period's levels would fall. Those values change as the current period develops, so the projected lines move until the period closes. This is inherent to what a forward projection is; it is not a bug, but it does mean these particular lines must not be used for signal generation, backtesting, or alerts. All other levels in the script are calculated from completed prior periods and do not repaint.
**Notes on use**
These are reference levels, not entry signals. The script produces no buy or sell markers and makes no directional claims. How useful any given level is depends entirely on the instrument, the timeframe, and the volatility regime — verify the behaviour on your own instrument before relying on it.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。