OPEN-SOURCE SCRIPT
Vector CPR Bands

## Overview
The Vector CPR Bands indicator enhances the classic Central Pivot Range (CPR) by incorporating "vector" detection—identifying periods with above-average or climactic volume. It projects CPR ranges from these high-volume periods forward as visual bands, which act as persistent support/resistance zones until invalidated by price action. Ideal for spotting key levels in trending or ranging markets, especially on higher timeframes like weekly or monthly.
## Key Features
- **CPR Calculation**: Plots previous, developing (non-repainting), and repainting CPR with mid-pivot, TC (top central), and BC (bottom central) lines, plus fills.
- **Vector Detection**: Scans for high-volume bars in the anchor timeframe (default weekly). Flags "above-average" (≥1.5x avg) or "large" (≥2x avg or max climax).
- **Band Projection**: Creates bands from vector-qualified CPR periods. Extends them rightward until touched/revisited (configurable: invalidate on wick/close, delete or freeze/gray out).
- **Customization**:
- Timeframe: Set CPR anchor (e.g., 'W' for weekly, 'M' for monthly).
- Display: Toggle CPR types, pivot guides.
- Volume Thresholds: Adjust lookback and ratios.
- De-clutter: Limit max bands, pin to period start, always extend.
- **Alerts & Signals**: Built-in alerts for developing pivot crossing previous pivot (bullish/bearish).
## How to Use
1. Add to chart and set anchor timeframe (e.g., 'M' for monthly vCPR on BTC, as shown in example charts).
2. Watch bands as S/R: Virgin (untested) bands often provide strong bounces; mitigated ones fade.
3. Combine with volume/price action: Bullish bands suggest upside bias, especially if price holds above.
4. Example: On BTC weekly, vector bands from high-volume weeks highlight multi-month zones—breaks signal shifts.
The Vector CPR Bands indicator enhances the classic Central Pivot Range (CPR) by incorporating "vector" detection—identifying periods with above-average or climactic volume. It projects CPR ranges from these high-volume periods forward as visual bands, which act as persistent support/resistance zones until invalidated by price action. Ideal for spotting key levels in trending or ranging markets, especially on higher timeframes like weekly or monthly.
## Key Features
- **CPR Calculation**: Plots previous, developing (non-repainting), and repainting CPR with mid-pivot, TC (top central), and BC (bottom central) lines, plus fills.
- **Vector Detection**: Scans for high-volume bars in the anchor timeframe (default weekly). Flags "above-average" (≥1.5x avg) or "large" (≥2x avg or max climax).
- **Band Projection**: Creates bands from vector-qualified CPR periods. Extends them rightward until touched/revisited (configurable: invalidate on wick/close, delete or freeze/gray out).
- **Customization**:
- Timeframe: Set CPR anchor (e.g., 'W' for weekly, 'M' for monthly).
- Display: Toggle CPR types, pivot guides.
- Volume Thresholds: Adjust lookback and ratios.
- De-clutter: Limit max bands, pin to period start, always extend.
- **Alerts & Signals**: Built-in alerts for developing pivot crossing previous pivot (bullish/bearish).
## How to Use
1. Add to chart and set anchor timeframe (e.g., 'M' for monthly vCPR on BTC, as shown in example charts).
2. Watch bands as S/R: Virgin (untested) bands often provide strong bounces; mitigated ones fade.
3. Combine with volume/price action: Bullish bands suggest upside bias, especially if price holds above.
4. Example: On BTC weekly, vector bands from high-volume weeks highlight multi-month zones—breaks signal shifts.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.