Some authors have called the pivot range the “meat of the market”, while others refer to the central pivot point as the “heartbeat of the indicator”. In my opinion, the central pivot range is the Swiss Army Knife of pivots. At any given time, the range can be support or resistance, it can forecast trending or sideways price behavior, dictate the day’s direction, or serve as an integral part of a trend.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.