Nifty CPR by Foresight Trading

📌 Indicator Name:

Nifty CPR by Foresight Trading

📖 Description:

This indicator plots the Central Pivot Range (CPR) along with the first resistance (R1) and first support (S1) levels, calculated from the previous day’s OHLC values.

Pivot (P) = (High + Low + Close) ÷ 3

BC (Bottom Central Pivot) = (High + Low) ÷ 2

TC (Top Central Pivot) = P + (P – BC)

R1 = (2 × Pivot) – Low

S1 = (2 × Pivot) – High

✅ The CPR and pivot levels are locked for the entire trading day, so they do not repaint intraday.
✅ Plotted as colored circles (dots) across the day for clear visibility.
✅ New levels are generated only at the start of a new session.

🎯 Usage:

Traders use CPR as a trend bias tool:

Narrow CPR → higher probability of trending day.

Wide CPR → higher probability of sideways/consolidation day.

R1 and S1 act as key intraday support & resistance zones.

⚡ Best For:

Intraday traders & scalpers

Index traders (Nifty, BankNifty, Stocks etc.)

Anyone who uses Pivot Point + CPR trading strategies