CPR (Central Pivot Range)

2023년 8월 7일

Central Pivot Range is a trend and volatility forecasting tool. It is calculated from previous session's (day, week, or month) high, low, close values. It works on the idea that every trading session must be the result of its previous trading session.

Pivot, top pivot and bottom pivot values form the CPR. If the CPR for each trading session is getting higher (and also the price is trading above it) then it denotes bullish bias and vice versa for bearish. And the width of the CPR (i.e., distance between top and bottom pivot) denotes the volatility of the session.

If the CPR width is narrow, we can expect a trending or volatile trading session. If it's wide, then we can expect a range bound or sideways trading session.

Support and Resistance levels can be used as a profit booking zone or to add/reduce position sizing.


In this Indicator you have the following:
1. CPR with traditional support and resistance levels (S1-S5 & R1-R5).
2. Developing CPR for next trading day, week, and month.
3. Customizable lookback period, line width.
4. Option to show/hide labels, prices, SR levels, developing CPR.

2023년 8월 13일

릴리즈 노트

Fibonacci, Classic and Camarilla types have been added.

2023년 8월 25일

릴리즈 노트

Dev cpr for higher timeframe fixed.

2023년 9월 20일

릴리즈 노트

Background fill for CPR added.
Developing CPR lines moved to respective session time.
S1, R1 for Developing CPR added.

2023년 9월 23일

릴리즈 노트

Dev CPR line fix for weekend and holidays.
Extend Dev CPR line by given number of days option added to fix Dev CPR line on holidays.

2023년 12월 26일

릴리즈 노트

Updated NSE/BSE 2024 holidays.
Added missing SR midpoints (0.5, 3.5, 4.5).
Added support for half-yearly (6M) timeframe.

2024년 5월 12일

릴리즈 노트

fix Dev CPR higher timeframe bug

2024년 12월 22일

릴리즈 노트

1. Add support for historical SR levels
2. Update NSE/BSE 2025 calendar holidays