CPR D/W/M – ThorenFX | Trinity Traders

🧭 CPR D/W/M – ThorenFX | Trinity Traders

The CPR D/W/M – ThorenFX | Trinity Traders indicator plots Central Pivot Range (CPR) and Floor Pivot levels for Daily, Weekly, and Monthly timeframes — all in one script.
It helps traders identify market structure, bias, and potential reversal zones through multi-timeframe confluence of pivot levels.

⚙️ Core Logic

The indicator calculates each timeframe’s CPR and Support/Resistance levels using standard floor pivot formulas based on the previous period’s OHLC (Open, High, Low, Close):

Central Pivot Range (CPR):

Pivot (P) = (High + Low + Close) / 3

Top Central (TC) and Bottom Central (BC) define the CPR band

The distance between TC and BC indicates market volatility

Support & Resistance Levels:

R1–R4: Resistance zones above CPR

S1–S4: Support zones below CPR

All levels are dynamically plotted and color-coded for instant readability.

🧩 Included Timeframes

📅 Daily CPR → Ideal for intraday and short-term bias

🗓 Weekly CPR → Defines swing zones and trend continuation structure

📆 Monthly CPR → Long-term bias and institutional-level reaction zones

Each timeframe’s levels and labels can be toggled independently.

🎨 Visual Design
Element Color Description
Pivot (CPR) 🟣 Purple Central pivot point
TC / BC 🔵 Blue Top & Bottom CPR boundaries
Resistances (R1–R4) 🔴 Red Key resistance zones
Supports (S1–S4) 🟢 Green Key support zones

Labels are displayed on the right side of the chart for each level (e.g., D-R1, W-TC, M-CPR), allowing quick recognition without clutter.

📘 Usage Guide

Narrow CPR → Market likely to trend

Wide CPR → Market likely to range

Confluence of levels (e.g., Daily R1 ≈ Weekly CPR) often indicates high-probability reversal or breakout zones

Works across all markets — Forex, Indices, Commodities, and Equities

⚖️ Indicator Notes

Uses pure price-derived calculations (no lagging indicators).

Optimized for clarity, minimal overlap, and multi-timeframe confluence.

Each timeframe’s display and labels can be customized or hidden in settings.

Suitable for all timeframes and market types.