OPEN-SOURCE SCRIPT
Telah dikemas kini CPR by VickyBobby
CPR by VickyBobby
A complete Central Pivot Range (CPR) indicator designed for intraday and positional traders. This script plots Daily, Weekly, and Monthly CPR levels along with the full classical floor pivot system (R1 to R4, S1 to S4), previous day reference levels, and an automated CPR width classifier - delivering a unified view of the most actionable support and resistance zones on the chart.
WHAT THIS INDICATOR PLOTS
Central Pivot Range (CPR):
- Pivot (P)
- Top Central (TC)
- Bottom Central (BC)
Floor Pivot Levels:
- Resistance: R1, R2, R3, R4
- Support: S1, S2, S3, S4
Previous Day Reference Levels:
- Previous Day High (PDH)
- Previous Day Low (PDL)
- Previous Day Close (PDC)
Higher Timeframe CPR (Optional):
- Weekly CPR
- Monthly CPR
FORMULAS USED
Pivot (P) = (High + Low + Close) / 3
Bottom Central = (High + Low) / 2
Top Central = (Pivot - BC) + Pivot
R1 = (2 x P) - Low
R2 = P + (High - Low)
R3 = High + 2 x (P - Low)
R4 = R3 + (R2 - R1)
S1 = (2 x P) - High
S2 = P - (High - Low)
S3 = Low - 2 x (High - P)
S4 = S3 - (S1 - S2)
All values are derived from the previous period's High, Low, and Close.
KEY FEATURES
- Day-by-day segmented lines: each trading session displays its own discrete horizontal levels that automatically reset at the start of a new day.
- Forward-extended live levels for the current trading day, making active zones easy to spot.
- Independent toggles for every level (R1 to R4, S1 to S4, PDH, PDL, PDC).
- Multi-timeframe CPR with separate colors for daily, weekly, and monthly.
- Optional CPR Width Classifier: automatically labels the day as Narrow (likely trending), Normal, or Wide (likely sideways) based on customizable thresholds.
- Optional info table showing current Pivot, TC, BC, CPR width percentage, and day type.
- Full styling controls: line width, line style (Solid, Dashed, Dotted), individual colors, label visibility, and price display options.
- Built-in alerts for price crossing Pivot, TC, BC, R1, and S1.
- Clean status line: no input arguments cluttering the indicator title.
HOW TO USE
Interpreting CPR Width:
- Narrow CPR (low previous-day range) often signals a trending day with directional follow-through.
- Wide CPR (high previous-day range) often signals consolidation or range-bound action.
- Higher CPR than the previous day suggests a bullish bias.
- Lower CPR than the previous day suggests a bearish bias.
- Overlapping CPRs across multiple days suggest a sideways accumulation phase.
Trading Approach:
- A sustained move above TC indicates buyer control; upside targets become R1, R2, R3.
- A sustained move below BC indicates seller control; downside targets become S1, S2, S3.
- The pivot itself often acts as the day's mean - price tends to revert to it during consolidation.
- PDH and PDL serve as critical short-term reference points; a break and hold beyond either often defines the day's direction.
- Virgin CPR levels (untouched in the previous session) tend to act as strong magnets and have a higher probability of being tested.
RECOMMENDED SETTINGS
Indian Index Trading (Nifty / Bank Nifty):
- Timeframe: 5m, 15m, or 30m
- Enable: Daily CPR, PDH, PDL, R1, R2, S1, S2
- Line width: CPR = 2, Pivots = 1
Swing Trading / Forex / Crypto:
- Timeframe: 1H to 4H
- Enable: Daily and Weekly CPR
- Adjust width thresholds to suit the asset's volatility profile
NOTES
- Works on any symbol and any timeframe.
- CPR calculations are based on the previous daily session by default.
- Optimized for intraday timeframes (1m to 1H) where CPR levels are most actionable.
- All calculations use standard, widely accepted floor pivot and CPR formulas.
DISCLAIMER
This indicator is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to trade. Always perform your own analysis and apply proper risk management before making any trading decisions.
A complete Central Pivot Range (CPR) indicator designed for intraday and positional traders. This script plots Daily, Weekly, and Monthly CPR levels along with the full classical floor pivot system (R1 to R4, S1 to S4), previous day reference levels, and an automated CPR width classifier - delivering a unified view of the most actionable support and resistance zones on the chart.
WHAT THIS INDICATOR PLOTS
Central Pivot Range (CPR):
- Pivot (P)
- Top Central (TC)
- Bottom Central (BC)
Floor Pivot Levels:
- Resistance: R1, R2, R3, R4
- Support: S1, S2, S3, S4
Previous Day Reference Levels:
- Previous Day High (PDH)
- Previous Day Low (PDL)
- Previous Day Close (PDC)
Higher Timeframe CPR (Optional):
- Weekly CPR
- Monthly CPR
FORMULAS USED
Pivot (P) = (High + Low + Close) / 3
Bottom Central = (High + Low) / 2
Top Central = (Pivot - BC) + Pivot
R1 = (2 x P) - Low
R2 = P + (High - Low)
R3 = High + 2 x (P - Low)
R4 = R3 + (R2 - R1)
S1 = (2 x P) - High
S2 = P - (High - Low)
S3 = Low - 2 x (High - P)
S4 = S3 - (S1 - S2)
All values are derived from the previous period's High, Low, and Close.
KEY FEATURES
- Day-by-day segmented lines: each trading session displays its own discrete horizontal levels that automatically reset at the start of a new day.
- Forward-extended live levels for the current trading day, making active zones easy to spot.
- Independent toggles for every level (R1 to R4, S1 to S4, PDH, PDL, PDC).
- Multi-timeframe CPR with separate colors for daily, weekly, and monthly.
- Optional CPR Width Classifier: automatically labels the day as Narrow (likely trending), Normal, or Wide (likely sideways) based on customizable thresholds.
- Optional info table showing current Pivot, TC, BC, CPR width percentage, and day type.
- Full styling controls: line width, line style (Solid, Dashed, Dotted), individual colors, label visibility, and price display options.
- Built-in alerts for price crossing Pivot, TC, BC, R1, and S1.
- Clean status line: no input arguments cluttering the indicator title.
HOW TO USE
Interpreting CPR Width:
- Narrow CPR (low previous-day range) often signals a trending day with directional follow-through.
- Wide CPR (high previous-day range) often signals consolidation or range-bound action.
- Higher CPR than the previous day suggests a bullish bias.
- Lower CPR than the previous day suggests a bearish bias.
- Overlapping CPRs across multiple days suggest a sideways accumulation phase.
Trading Approach:
- A sustained move above TC indicates buyer control; upside targets become R1, R2, R3.
- A sustained move below BC indicates seller control; downside targets become S1, S2, S3.
- The pivot itself often acts as the day's mean - price tends to revert to it during consolidation.
- PDH and PDL serve as critical short-term reference points; a break and hold beyond either often defines the day's direction.
- Virgin CPR levels (untouched in the previous session) tend to act as strong magnets and have a higher probability of being tested.
RECOMMENDED SETTINGS
Indian Index Trading (Nifty / Bank Nifty):
- Timeframe: 5m, 15m, or 30m
- Enable: Daily CPR, PDH, PDL, R1, R2, S1, S2
- Line width: CPR = 2, Pivots = 1
Swing Trading / Forex / Crypto:
- Timeframe: 1H to 4H
- Enable: Daily and Weekly CPR
- Adjust width thresholds to suit the asset's volatility profile
NOTES
- Works on any symbol and any timeframe.
- CPR calculations are based on the previous daily session by default.
- Optimized for intraday timeframes (1m to 1H) where CPR levels are most actionable.
- All calculations use standard, widely accepted floor pivot and CPR formulas.
DISCLAIMER
This indicator is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to trade. Always perform your own analysis and apply proper risk management before making any trading decisions.
Nota Keluaran
Updated CPR Strategy by VickyBobbyNota Keluaran
Update the CPR tools with Next Day CPR Nota Keluaran
Updated CPR by VickyBobbyNota Keluaran
Updated version with CPR StrategySkrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.